Martin Lewis highlights growing Buy Now Pay Later concerns
Posted on in Cycles News
English journalist and television presenter, Martin Lewis OBE, most well-known for founding MoneySavingExpert.com, has put forward his concerns about the growing popularity of Buy Now Pay Later (BNPL) providers.
Speaking on BBC Radio 5 Live Lewis describes the popular BNPL payment methods as "an explosive form of credit that's becoming quickly dominant".
“It’s an explosive form of credit that’s becoming quickly dominant”@MartinSLewis says he’s becoming “increasingly concerned” about buy now, pay later schemes being offered for online purchases
— BBC Radio 5 Live (@bbc5live) December 7, 2020
📻 Listen to the Ask Martin Lewis Podcast on @BBCSounds pic.twitter.com/i0kdtLerpQ
The ACT has previously raised concerns about the improper regulation of BNPL providers and the risks that this brings to potential customers.
Read the full ACT article here.
