Subprime Lending Skyrockets as Cyclical Stocks Face Challenges
The Canadian Investor
The Dynamics of Interest-Free Financing and Subprime Lending
This chapter explores the mechanics and implications of interest-free purchase plans, emphasizing the risks of high-interest debt for consumers. It highlights the growth of buy now pay later services, rising delinquency rates reminiscent of subprime lending, and the performance of Canadian companies like Propel and GoEasy. The discussion culminates in the potential economic consequences of increasing reliance on these financial services amidst evolving consumer credit trends.
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