The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
00:00
Is There a Risk of by Now Pay Later Companies Defaulting?
Pay later companies have removed late fees from their services. But does that mean you can just get away with never paying back a loan to these companies, like they have to become debt collectors at some point? It's a question which gets arsenal off a lot, and we s you know, what happens if how do you run business on basically letting people beable to make mass of losses? And ithink there is a real question here on on how they can be sustainable the long term,. as defaults look likely to rise in the next that's my question.
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