☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 4 months agoMore Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey sayswww.nbcnews.comexternal-linkmessage-square26linkfedilinkarrow-up187arrow-down10
arrow-up187arrow-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 · 4 months agomessage-square26linkfedilink
minus-squareOwl [he/him]@hexbear.netlinkfedilinkEnglisharrow-up14·edit-24 months 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-squarebarrbaric [he/him]@hexbear.netlinkfedilinkEnglisharrow-up11·4 months ago2008 as farce you say
minus-squareBeamBrain [he/him, they/them]@hexbear.netlinkfedilinkEnglisharrow-up8·4 months agoPeople who are so poor they have to borrow money just to eat have lots of assets to seize, right?
minus-squaremarxisthayaca [he/him,they/them]@hexbear.netlinkfedilinkEnglisharrow-up4·4 months agoHoly shit lmao
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.
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?
Holy shit lmao