ilmscore | Prediction Details
"I like to call buy now pay later. Broke now, broke later. And let's think about this for a second. If you went to the bank and you wanted to borrow money for six months, would they give it to you for free? No, they're going to charge you interest. Why does the bank charge you interest? Because there's a cost on borrowing money. So now, if you use buy now, pay later, and they tell you that you have the 0% APR for a certain period of time, how is it that they can give you this money for free and still be one of the most profitable or money-making, cash generating industries in fintech?"
By Minority Mindset | March 3, 2024 | Pending
From video
MASTERCLASS: The SECRET To Never Be Broke Again 00:45:56 - 00:46:24
Interpreted Prediction
Buy Now, Pay Later services are a 'broke now, broke later' strategy, similar to banks charging interest, and their profitability suggests underlying costs not immediately apparent to consumers.

Prediction Details

Topic
Buy Now, Pay Later

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