Customers owe $903m to Afterpay, Zip Pay and similar companies: ASIC

  • 📰 abcnews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 83%

United States News News

United States United States Latest News,United States United States Headlines

ASIC's latest report finds Australian customers owe $903 million in buy now, pay later debts, with one in six customers finding themselves in financial trouble as a result.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How much do they owe to credit card companies? Did they get something in exchange? Why do they owe this money?

I've used it pretty successfully for about year now, in moderation it's a really good idea... However I'm sure with no impulse control will ruin it for the rest of us.

Parasitic so called lending companies taking advantage of the poor, miserable and struggling. Like the parasites they are, they should be shut down.

United States United States Latest News, United States United States Headlines