))
The "buy now, pay later" lending loophole is building a debt bomb
Manage episode 489279988 series 3499008
Content provided by TPR and David Martin Davies. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TPR and David Martin Davies or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
The consumer economy is showing signs of stress and strain. Lending platforms report an increasing number of “buy now, pay later” users falling behind on payments. “Buy now, pay later” refers to the short-term loans and missed installments are a sign of faltering financial health especially in the low-income working class— who are being confronted with rising inflation, cuts in SNAP and the Trump administration’s move to collect on federal student loans.
…
continue reading
27 episodes
Share
