How do you feel about making it even easier for certain people to frankly ruin their lives through poor financial decisions? BNPL for wedding dresses? This is the high fructose corn syrup of the monetary system.
What are you suggesting? I don’t even know how I would describe it. A “no holds barred” economy and society? Perhaps you are OK with cigarettes being advertised children and things like that. Is it too paternalistic to stop that? If you live in the US perhaps you also enjoy every other advertisement being for some medication. I’m old enough to remember when that was illegal, and most people would say that was a better situation.
I never suggested that people should not be allowed to use credit for things. What I object to is making it easy for people obtain new credit at a POS or in such a nonchalant fashion that people do not think it through before it’s too late.
Credit for purchases and new credit are two different things.
Should wedding dress suppliers refuse all forms of credit and only accept proof of savings?
What retailers should be allowed to accept credit purchases, friend?