• The place to find the right expertise and make better decisions
  • Find the right expertise
Cheryl A.
Cheryl A.
Kenthurst, NSW

Hi, my daughter has an Afterpay account and is always coming home with new purchases. Can someone please explain what Afterpay is and what the risks are – should we be concerned?

Thank you

last week


Hi Cheryl,
On its own, Afterpay isn’t a problem. The customer gets to take the product or use a service and then pays 4 fortnightly payments to pay off the purchase.
Where the trap starts is that the customer “learns” that it is ok to buy things that you don’t have money for today and in many cases leads to credit cards and personal loans or even payday loans

Your Answer

If you wish to include a video or audio response, you can do this by including links to Youtube, Vimeo or SoundCloud (https://www.youtube.com/watch?v=xxxxxxxxxx OR https://vimeo.com/xxxxxxxxx)

<% error.message %>