ilmscore | Prediction Details
"buy not pay later encourages people and statistics show this the majority of people will buy more stuff... if I don't pay it off in the 9 months or 18 months... I'm now going to be slapped not with a 5% interest interest rate but with a 28 or a 35 maybe even a 39% interest rate and so now all of a sudden buy out pay later went from this oh it's a special loophole that allows me to have more stuff without paying more money to I am paying so much extra to buy all the things that I didn't know that I didn't need that I couldn't even afford in the first place."
By Minority Mindset | September 24, 2023 | Pending
From video
The Secrets Of Entrepreneurship (How To Build A Successful Business That Scales) | Jaspreet Singh 01:32:54 - 01:35:15
Interpreted Prediction
Buy Now Pay Later (BNPL) services will lead the majority of users to purchase more items and incur high interest rates (28-39%) if they fail to pay off balances within the promotional period.

Prediction Details

Topic
Consumer Debt / Fintech

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