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>I'm concerned if BNPL practice flourishing because it's quite easy to trigger systemic crisis later on. Genuine question - how would that work? BNPL companie
by AussieWog93 5y ago
>I'm concerned if BNPL practice flourishing because it's quite easy to trigger systemic crisis later on.
Genuine question - how would that work?
BNPL companies tend to have pretty low limits and demand repayment fairly quickly, so I don't think it could lead to a GFC-scale bad debt situation at the very least.
- eunos 5y agoWell when I watched the big short, they said that house mortgage is the safest investment ever.
- AussieWog93 5y agoHouse mortgages are not capped at $2k and repaid over 8 weeks...