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Sounding the Alarm on BNPL
Manage episode 420751359 series 3410901
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In this eye-opening episode, Dave Gallegos sounds the alarm on the increasingly popular Buy Now, Pay Later (BNPL) platforms. Dave delves into the hidden details and potential pitfalls that make BNPL options a risky choice for consumers. He breaks down how these seemingly convenient payment plans can lead to debt accumulation, affect credit scores, and entice shoppers into overspending. Join Dave as he provides the crucial insights you need to understand before clicking 'buy' on your next online purchase, ensuring you're informed and protected from the hidden dangers of BNPL.
00:30 - Dave Wants You to Know What No One Taught Him
01:20 - All of Us Are Capable of Creating Financial Balance
02:40 - The Buy Now Pay Later “Scheme”
03:50 - The Fine Print on Buy Now Pay Later
05:05 - No Regulation = The Wild West
05:50 - Consumer Reports Investigation
07:55 - If You Can’t Pay Now, You Can’t Afford It
09:00 - Don’t Miss the Details of the Deal
15 episodes
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