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BNPL Crackdown: Why Afterpay Is the New Credit Card Trap—and What Smart Investors Are Doing Instead
BNPL Is No Longer “Buy Now, Worry Never”
As of June 10, Buy Now Pay Later (BNPL) platforms like Afterpay, Zip, and Humm are being dragged into the real credit world. These services will now be treated just like credit cards under tough new regulations from the Albanese government. That means stricter rules, mandatory credit checks, and your spending habits potentially showing up on your credit report.
Miss a BNPL Payment? Say Hello to a Damaged Credit Score
BNPL providers must now assess your income and expenses before letting you sign up. And if you miss a repayment? It could impact your credit history—something that was never the case before. In other words, that new pair of shoes or emergency dental work could now cost you much more than you bargained for.
The Debt Spiral Just Got Easier to Fall Into
BNPL has become the third most used credit product in Australia, right behind credit cards and home loans. With increased regulation and tighter scrutiny, many Australians could find themselves locked out of real financial opportunities—just because of a few split payments that went south.
Here’s What the Wealthy Are Doing Instead
While everyday Aussies are stuck playing catch-up on short-term debt, savvy investors are switching gears.
Solutions like Supavest OCP and TIC Property offer a smarter, more stable path: investing in high-demand, brand-new house and land builds through your super—without the noise of consumer debt.
Why ride the BNPL rollercoaster when you can build lasting wealth with property?
Ready to grow real wealth and leave BNPL behind?
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