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RealityCheck666

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12/08/23

11:41

Post #: 69303167
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Originally posted by love777: ↑

shorting BNPL is ethical :

"It's just putting people into a debt spiral."
Meet Jackie, who needed to fix her teeth
Jackie first started using buy now, pay later to pay for things like good quality bed linen and presents for others.

Jackie advises people to avoid BNPL companies altogether, after some bad experiences of her own.(ABC News: Hamish Cole)

The disability pensioner missed a couple of payments and was hit with $18 late fees.
But it was a trip to the dental clinic - which offered BNPL as a payment option -- that landed her in serious financial trouble.
"The private dentist said to me, 'You need a couple of crowns and you need a plate or basically you're not going to have any teeth,' and they gave me a quote for $4,200," she says.
When Jackie said she could not afford the dental bill, she was told the dental clinic offered BNPL as a payment option with a company she had an account with.
Although she had initially been asked to provide a Centrelink income statement when she signed up with the BNPL company, she was able to increase her spend limit without any further checks.
A slippery slope
Jackie soon realised she could not afford the repayments and over about six months she racked up around $2,500 in late fees.
"I just clicked on the app and the money was there. You're stuck with the repayment plan," she says now.
"At one stage, they [the BNPL plan] took the money out and I didn't have money for food."

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Enjoy your next suspension @John1933 - you have to wait it out like the rest of us when we get suspended - rules are rules John1933

ZIP Price at posting: 42.5¢ Sentiment: Sell Disclosure: Held
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Last $1.89		Change -0.125(6.22%)		Mkt cap ! $2.385B

Open	High	Low	Value	Volume
$1.95	$1.98	$1.85	$54.15M	28.60M

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No.	Vol.	Price($)
7	639873	$1.88

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Price($)	Vol.	No.
1.890	15000	1
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Enjoy your next suspension @John1933 - you have to wait it out...

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Enjoy your next suspension @John1933 - you have to wait it out...

Top Stories

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Featured News

Buyers (Bids)

Sellers (Offers)

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