Questions have been asked as to whether we are seeing the running down of buy now pay later lenders and some are saying they have they done it to themselves.

The pay later scheme operators are struggling in this country as a growing number of us using the schemes are falling behind on payments and being stung by late fees.

It’s a snowball effect with more people jumping on these schemes but also the proper checks not being done as to whether the person can pay the loan back or is already drowning in debt themselves.

The sector expects the Government to regulate, similar to what the UK are doing - Financial Advice New Zealand CEO Katrina Shanks joined Mike Hosking.

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Questions have been asked as to whether we are seeing the running down of buy now pay later lenders and some are saying they have they done it to themselves.
The pay later scheme operators are struggling in this country as a growing number of us using the schemes are falling behind on payments and being stung by late fees.
It’s a snowball effect with more people jumping on these schemes but also the proper checks not being done as to whether the person can pay the loan back or is already drowning in debt themselves.
The sector expects the Government to regulate, similar to what the UK are doing - Financial Advice New Zealand CEO Katrina Shanks joined Mike Hosking.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.