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Buy Now Pay Later has taken the world by storm but what do we make of it exactly? When is the right time to use it, what are BNPL fees, what do the new changes regarding credit scores means and how do we as Australians cut through the noise to get to the bottom of whether this services is worthwhile using in 2023.
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TIMESTAMPS:
0:00 Intro
1:15 How Buy Now Pay Later works
2:14 Afterpay
2:52 Afterpay hidden fees???
3:59 Why do shops offer BNPL
4:29 Win for customers
4:45 Late fees??
5:37 A big problem with BNPL
6:16 WATCH IF YOU USE BNPL or have debt
7:15 The HIDDEN downside of BNPL
8:28 BNPL gives us control over spending??
8:45 Ruining your credit score and your future with BNPL
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