Money Talks Podcast: The overspending trap of Buy Now, Pay Later plans

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Money Talks Podcast: The overspending trap of Buy Now, Pay Later plans

Here is an extract from the talk: &nbsp,

Andrea Heng, network: &nbsp,
So for people who do need to rely quite a bit on BNPL ( Buy Now, Pay Later ), what are the dangers or risks that they may not be aware of? &nbsp,

Associate Professor Pearpilai Jutasompakorn, SIT: &nbsp,
The structure of BNPL ( is such that ) you spread out ( and ) split ( the payments ) into four, six, 12 installments. It seems like the installment is much smaller than the actual amount that you would have ( to pay ) upfront.