The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
00:00
Are There Any Numbers on the Missed Payment Rate?
The average banaculator is 19 point two million dollars in bad debt, versus 270 thousand dollars for crodit cards. That's like multiples ofof what it is for credit cards. And after v dumped at the sats bu, i think, you know, planters, you have been saying their losses have been going down per capital as they've gotten better over time. But this is clearly quite a gap, i'd say, between a banapilater and credit cards, which is e that i es quite stak me.
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