All these BNPL lenders are turning the ABS markets (which have been hot in recent years) for cheaper funding to keep these shenanigans going. Essentially flipping the loans off to bank lenders and investors.
Buy-Now-Pay-Later loans for music festivals that celebrate degeneracy and nihilism. This is, yet another, blaring alarm bell attempting to warn you of the ills of Late Stage Fiat.
https://www.tftc.io/finance-your-break-from-the-hamster-wheel-with-buy-now-pay-later/
All these BNPL lenders are turning the ABS markets (which have been hot in recent years) for cheaper funding to keep these shenanigans going. Essentially flipping the loans off to bank lenders and investors.
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