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Emeritus Prof Christopher May

We should be worried about the ever expanding use of services...

A new FCA report notes that those with the 'characteristics of vulnerability' are most likely to use BNPL & will often already have other high-interest loans in play, or be behind & missing regular bill payments.

BNPL is fine if you keep to the payment schedule, but the problem is its a hook into a rapacious & high-cost debt recovery system if you don't.

A decade ago a colleague wrote a great book on this...

Book cover: Debtfare States & the Poverty Industry: Money, Discipline & the Surplus Population. By Susanne Soederberg
Oct 31, 2023, 06:48 AM·Public·Web
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