bnpl

Trump claims Black Friday proves the economy is fixed, but the data shows 41% of BNPL users are already missing payments.

Trump claims Black Friday proves the economy is fixed, but the data shows 41% of BNPL users are already missing payments. byu/DumbMoneyMedia inEducatedInvesting Trump economic advisor Kevin Hassett touts ‘best Black Friday that we’ve ever seen’ as holiday spending surges Kevin Hassett credits Trump policies for holiday spending surge while pushing back on Atlantic report …

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Americans now using BNPL to buy groceries; 41 percent miss payments on food loans; Nothing says thriving economy like financing your sandwich

One in seven Americans now use BNPL to buy groceries The number of Americans using BNPL services like Klarna, Affirm, and Afterpay for food has surged. A LendingTree survey found that 25 percent of BNPL users are using the loans for groceries—up from 14 percent last year. This isn’t budgeting. It’s survival. “A quarter of …

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BNPL firms block repayment data to protect customers. Credit scores drop despite on-time BNPL payments

BNPL firms are holding back repayment data from credit bureaus. Not to protect late payers. To stop on-time customers from getting punished. “We will not share loan info with the credit bureaus until we see concrete evidence that BNPL data reflecting responsible payment behavior will help, not hurt, the credit scores of our customers.” https://www.investopedia.com/these-2-bnpl-companies-wont-share-your-info-with-the-credit-bureaus-and-that-could-be-a-good-thing-11786128 …

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UPS is closing buildings. Amazon is pulling back. Credit card debt just hit 1.18 trillion. BNPL defaults rising. Recession already here, experts warn

UPS is closing 73 buildings and cutting 20,000 jobs. Amazon volume is down 50 percent. That’s not automation. That’s collapse. UPS says it’s “reconfiguring the network” but the closures are concentrated in retail-heavy states where consumer demand is evaporating. Q2 revenue fell nearly 3 percent. Peak season plans? Not submitted. That means retailers don’t know …

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CFPB report reveals risky loan stacking in BNPL sector, with 60% of users sinking in debt

Surely an industry with over 60% subprime loan stackers can’t go wrong (Source: Jan ’25 CFPB Report) byu/-DeBussy- inwallstreetbets https://www.consumerfinance.gov/about-us/newsroom/cfpb-research-reveals-heavy-buy-now-pay-later-use-among-borrowers-with-high-credit-balances-and-multiple-pay-in-four-loans/ CFPB report reveals nearly 2/3 of BNPL borrowers are subprime as Klarna moves to DoorDash h/t -DeBussy-

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