News@lemmy.world · 6 months ago

Americans Are Racking Up 'Phantom Debt' That Wall Street Can't Track

www.bloomberg.com

cross-posted to:
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Americans Are Racking Up 'Phantom Debt' That Wall Street Can't Track

www.bloomberg.com

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News@lemmy.world · 6 months ago

cross-posted to:
collapse@lemmy.ml

Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track

www.bloomberg.com

Consumers have embraced ‘Buy Now, Pay Later’ products that allow them to pay for purchases in installments, but it’s not clear how many of these loans are out there.

Paywall removed: https://archive.is/9SYHz

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Binthinkin@kbin.social
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6 months ago
You can take out microloans for groceries which is nuts but the US is dumb as fuck so ofc they’ll do it.

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