Money

Banks intensify scrutiny on ‘Buy Now, Pay Later’ to mitigate bad financial habits

Banks now complete a thorough risk analysis by auditing bank statements over a 3 to 6 month period.

Banks also look for risky behaviour or recurring bad habits, such as late-night withdrawals or frequent sports betting debits, which can lead to a flat-out decline.

Mark Wyld from MW Wealth joins to discuss the topic. #featured

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