NYT article today.
Pay-later users tend to be economically vulnerable. A July report by the financial services company Fitch Ratings found that they carry more debt than the general population, and that more than 41 percent of applicants have a poor credit history.The report showed that delinquency rates for some pay-later services more than doubled from June 2021 to last March — from 1.7 percent to 4.1 percent at Afterpay, for example — while delinquency rates for major credit cards remained unchanged, at roughly 1.4 percent.
https://www.nytimes.com/2022/08/29/dining/buy-now-pay-later-loans-groceries.html?smid=nytcore-ios-share&referringSource=articleShare
NYT article today. Pay-later users tend to be economically...
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