Here it comes - something that can't happen to splititAffirm's Users Are Falling Behind on Payments
Key Points
- Only 96% of Affirm's BNPL loans are being paid on time, down from 97.6% as of the end of 2020.
- Only 65% of loans last quarter were offered to borrowers with the highest tier of credit scores.
- Loan-loss provisions moved higher during Q2 despite progress in terms of unemployment and economic growth.
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