The two-letter word helping this lender buck the delinquency storm ...Middle East

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CNN By Matt Egan, CNN New York (CNN) — Americans are increasingly falling behind on their credit card bills and car loans as years of high inflation take their toll. This spike in delinquencies is raising fears about the Buy Now, Pay Later boom. Critics worry these increasingly popular short-term lenders are allowing shoppers to pile on even more debt — at exactly the wrong time. Yet Affirm, one of the leading BNPL companies, has revealed a surprising trend: Its delinquencies are stable even as signs of financial stress flash elsewhere. “We’re not seeing evidence of increased delinquencies in our business. But that’s not an accident,” Max Levchin, Affirm’s CEO and a co-founder of

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Last updated : 27 February 2024 clock 04:33 PM

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The two-letter word helping this lender buck the delinquency storm ...Middle East

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