Should firms like Klarna be financially regulated or are consumers responsible for understanding debt products?
Sophie Hannah is joined by her husband, Pastor Jonathan, and Executive Producer, Lisimba Pink, to discuss whether ‘Buy Now, Pay Later’ firms like Klarna are helping people to buy things they need now by spreading the cost over a more manageable period, or targeting people who are financially naïve and encouraging them to get into debt.
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LINKS MENTIONED IN THIS EPISODE
https://unitedmelaningroup.com/es041
(Website – Show notes and links to UK organisations providing further support if you, or someone you know, has been affected by debt issues)
https://news.sky.com/story/buy-now-pay-later-firms-face-fca-crackdown-after-woolard-review-12205480
(Article – ‘Buy now pay later’ firms face FCA crackdown after Woolard review – Mark Kleinman for Sky News)
https://www.theguardian.com/money/2020/oct/03/klarna-debt-buy-now-pay-later-fees-interest
(Article – Klarna: shopper's best friend or a fast track to debt? – Patrick Collinson for The Guardian)
https://moneyaware.co.uk/2018/10/klarna-how-it-works/
(Explainer – Klarna: how it works – Money Aware)
https://www.bbc.co.uk/bbcthree/article/3df91ac4-9098-46e9-b619-fae016bce3fb
(Article – Influencer: 'Why I stopped working with Klarna' – Thea de Gallier, Harvey Day and Hannah Price for BBC Three)
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Join Anissa and Sophie Hannah, two smart, curious and opinionated highly-melanated women, as they and their guests discuss everything from current affairs to pop culture, and everything in between. No subject is off limits for these ladies, especially when it comes to issues affecting British communities of colour. Get ready to laugh, learn and liberate your mind, because if there’s one thing you can guarantee, it’s that the Ethnically Speaking ladies will be giving it to you straight!
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Music by GC