Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by ajross on Wednesday December 22, 2021 @07:02PM
(#29657075)
> People declaring bankruptcy aren't in a position to have good credit scores or acquire more assets anyway.
That's... kinda ridiculous. My twitter feed[1] is absolutely filled with flush 20-somethings who clearly aren't seven years into their careers showing off their NFTs and cars and condos and whatnot.
People right out of college with zero assets are getting loans. People right out of bankruptcy can't. So it's not the same.
[1] Seeded, it seems, from my following of a few Tesla-related accounts. There's... a somewhat distressing level of overlap.
That's... kinda ridiculous. My twitter feed[1] is absolutely filled with flush 20-somethings who clearly aren't seven years into their careers showing off their NFTs and cars and condos and whatnot.
People right out of college with zero assets are getting loans. People right out of bankruptcy can't. So it's not the same.
[1] Seeded, it seems, from my following of a few Tesla-related accounts. There's... a somewhat distressing level of overlap.