Paul Derbyshire on Debit, Credit, and the True Cost of Borrowing скачать в хорошем качестве

Paul Derbyshire on Debit, Credit, and the True Cost of Borrowing

On 5 February at 5.30pm, students recorded the fifth and final interview in this financial literacy series from Concord and Victory’s central podcasting studios, continuing their conversations with Paul Derbyshire from Succession Wealth Management. This session focused on debit cards, credit cards, APR, and the real cost of borrowing. The discussion explored why some products feel inexpensive or even invisible at the point of use, how interest and fees combine to inflate Representative APRs, and why incentives aimed at students can quietly normalise debt. The interview also examined payday loans and the rapid growth of Buy Now Pay Later services, from fast-fashion retailers to platforms such as Klarna and Amazon, and even to everyday food purchases. This followed four earlier interviews in the series, covering everyday money management, debit and credit cards in practice, interest rates and fees, and longer-term financial decision-making for students preparing for university and adult life. The interview was led by Tia Sualp and Alisa Baser (Lyttelton Lower Sixth), who also led the previous four sessions. A particular thank you goes to Paul Derbyshire for dedicating so much time and insight across the full series, and to the students for their thoughtful, confident questioning throughout.