Re:The 'Buy Now, Pay Later' Bubble Is About to Burst
by mountainriver on Friday January 13, 2023 @10:22AM
(#34368949)
Funny credit cards survive when it’s the same thing
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Re:The 'Buy Now, Pay Later' Bubble Is About to Burst
by e63f67dd-065b on Friday January 13, 2023 @10:49AM
(#34369398)
The difference is that credit cards are not almost exclusively sub-prime loans and are reported on the consumer's credit. Many companies have largely prime or super-prime credit portfolios, and the industry is well-developed to serve these customers (Amex makes much more money from interchange than from interest, for example, and even sub-prime borrowers have tight control over their credit portfolio).