Lending bad debts are not a product of DW lending.
Lending bad debts are a product of unsatisfactory credit policy, credit checks, security and customer management.
Lending bad debts are rife in the credit card and consumer BNPL space for precisely those reasons. It is easy money to obtain, has small credit limits and is freely offered to people who are unsophisticated and cannot manage their money.
That's not the market that Spenda is lending to.
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