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Jack Lilley: FinCap Senior Policy Advisor on Afterpay allowing users to use their service for groceries and fuel

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Manage episode 510245030 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Concerns are being raised now that people can put groceries and petrol on Afterpay.

The popular buy now, pay later scheme is allowing people to buy petrol and grocery items up to $500 without an up-front payment – to be paid back in instalments.

FinCap Senior Policy Advisor Jake Lilley told Andrew Dickens it is a real worry for financial mentors.

He says people are desperate to make ends meet and unfortunately schemes like this can put people in a cycle of debt.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

10854 episodes

Artwork
iconShare
 
Manage episode 510245030 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Concerns are being raised now that people can put groceries and petrol on Afterpay.

The popular buy now, pay later scheme is allowing people to buy petrol and grocery items up to $500 without an up-front payment – to be paid back in instalments.

FinCap Senior Policy Advisor Jake Lilley told Andrew Dickens it is a real worry for financial mentors.

He says people are desperate to make ends meet and unfortunately schemes like this can put people in a cycle of debt.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

10854 episodes

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