☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 2 days agoMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.comexternal-linkmessage-square26linkfedilinkarrow-up144arrow-down10cross-posted to: [email protected][email protected][email protected]
arrow-up144arrow-down1external-linkMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 2 days agomessage-square26linkfedilinkcross-posted to: [email protected][email protected][email protected]
minus-squareOwl [he/him]@hexbear.netlinkfedilinkEnglisharrow-up5·edit-21 day agohttps://investors.affirm.com/shareholder-services/investor-faqs 2. What is Affirm’s revenue model and how does it make money? We sell a portion of the assets originated in our platform to third-party investors and recognize a gain or loss on the sale of these loans. 5. How does Affirm fund the loans it underwrites? We have forward-flow agreements that facilitate the sale of whole loans to counterparties. Can anybody figure out who is buying these from Affirm? I bet that’s the next Lehman Brothers.
minus-squaremarxisthayaca [he/him,they/them]@hexbear.netlinkfedilinkEnglisharrow-up4·16 hours agoHoly shit lmao
minus-squarebarrbaric [he/him]@hexbear.netlinkfedilinkEnglisharrow-up5·1 day ago2008 as farce you say
minus-squareBeamBrain [he/him]@hexbear.netlinkfedilinkEnglisharrow-up6·15 hours agoPeople who are so poor they have to borrow money just to eat have lots of assets to seize, right?
https://investors.affirm.com/shareholder-services/investor-faqs
Can anybody figure out who is buying these from Affirm? I bet that’s the next Lehman Brothers.
Holy shit lmao
2008 as farce you say
People who are so poor they have to borrow money just to eat have lots of assets to seize, right?