\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

People aren’t repaying their “buy now, pay later” loans

https://archive.ph/qqLnJ
Underhanded canary school cafeteria
  05/19/25
klarna's a bitch
trip property private investor
  05/19/25
...
Passionate Office Generalized Bond
  05/19/25
mondays
house-broken orange field fanboi
  05/19/25
...
Lemon location
  05/19/25
...
Dashing cerise personal credit line
  05/19/25
...
galvanic den
  05/20/25
...
Low-t Aphrodisiac Foreskin Community Account
  05/20/25
you mean my tranche of burrito loans doesnt deserve that AAA...
Excitant locus
  05/19/25
good luck repossessing my Taco Bell
sooty plaza
  05/19/25
Michael Burry currently making millions shorting Chipotle Bu...
nofapping charismatic idiot mediation
  05/20/25
Good. Jesus Christ. Every couple years when I have to ...
Jade kitchen
  05/20/25
Why do you “have to” buy a new iPhone every coup...
adulterous beta school
  05/20/25
Because I break or lose the old one.
Jade kitchen
  05/20/25
>>> I still do not understand how we went from a wo...
nofapping charismatic idiot mediation
  05/20/25
...
Razzmatazz Affirmative Action Brunch
  05/20/25
...
narrow-minded philosopher-king area
  05/20/25
Proles are literally financing tacos. What a world.
Saffron national dysfunction
  05/20/25
ubereats as a tab for SNAP which seems like a red flag for t...
Razzmatazz Affirmative Action Brunch
  05/20/25
...
copper self-absorbed pisswyrm
  05/20/25
"Klarna, which presented Monday’s earnings via an...
comical stag film
  05/20/25
it turns out banks arent just "evil" and lending t...
chrome idea he suggested voyeur
  05/20/25
They are also evil
nofapping charismatic idiot mediation
  05/20/25
Holy shit, not flame.
Thriller indigo nibblets
  05/20/25
...
Razzmatazz Affirmative Action Brunch
  05/20/25
...
Excitant locus
  05/20/25
...
metal mint cruise ship
  05/20/25
...
heady mood gunner
  05/20/25
...
useless site useless brakes
  05/20/25
...
Low-t Aphrodisiac Foreskin Community Account
  05/20/25
**lib sees that AI avatar is ambiguously multiracial and has...
Jade kitchen
  05/20/25
isn't that basically every loan?
Buff whorehouse striped hyena
  05/20/25
...
Razzmatazz Affirmative Action Brunch
  05/20/25
(finance mba)
hot meetinghouse wrinkle
  05/20/25
ever notice that tech Engineers fail like this constantly? i...
Razzmatazz Affirmative Action Brunch
  05/20/25
they're obsessed with optimization but don't account for all...
Hilarious center dragon
  05/20/25
and because they're too autistic to understand and account f...
Razzmatazz Affirmative Action Brunch
  05/20/25
i am MAF i didnt invest in carvana. look is stock last 2-3 y...
Avocado nubile native
  05/20/25
lmfao holy shit! i thought of carvana when i made this po...
Razzmatazz Affirmative Action Brunch
  05/20/25
...
narrow-minded philosopher-king area
  05/20/25
this is actually their business model though their busine...
sapphire trust fund friendly grandma
  05/20/25
you are dreaming if you think it's only dumb Blacks, prole w...
Adventurous university sneaky criminal
  05/20/25
twist: they sell these loan portfolios to others so they don...
Avocado nubile native
  05/20/25
...
Razzmatazz Affirmative Action Brunch
  05/20/25
This brilliant business model works until people no longer b...
nofapping charismatic idiot mediation
  05/20/25
just increase penalty fees to juice the returns to offset th...
Avocado nubile native
  05/20/25
tsinah hack
Slippery opaque pit
  05/20/25
...
embarrassed to the bone pontificating fat ankles hell
  05/20/25
That's Anti-semitism
Purple Forum Macaca
  05/20/25
I don't need "credit" anymore. Should I start doi...
embarrassed to the bone pontificating fat ankles hell
  05/20/25
I’m shocked that financing burritos for proles is not ...
Kink-friendly indecent senate
  05/20/25
Is Affirm in equally bad shape or is this specific to Klarna...
Magenta pea-brained parlor
  05/20/25
lol, it’s the model that’s fucked. Maybe one ha...
Kink-friendly indecent senate
  05/21/25
Underreported part of this story is just how much Klarna and...
Kink-friendly indecent senate
  05/21/25
It was all worth it to keep line go up for a couple of extra...
Thriller indigo nibblets
  05/21/25


Poast new message in this thread



Reply Favorite

Date: May 19th, 2025 10:21 PM
Author: Underhanded canary school cafeteria

https://archive.ph/qqLnJ

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946034)



Reply Favorite

Date: May 19th, 2025 10:23 PM
Author: trip property private investor

klarna's a bitch

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946044)



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: Passionate Office Generalized Bond



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946050)



Reply Favorite

Date: May 19th, 2025 10:24 PM
Author: house-broken orange field fanboi

mondays

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946045)



Reply Favorite

Date: May 19th, 2025 10:25 PM
Author: Lemon location



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946047)



Reply Favorite

Date: May 19th, 2025 10:28 PM
Author: Dashing cerise personal credit line



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946057)



Reply Favorite

Date: May 20th, 2025 3:42 AM
Author: galvanic den



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946430)



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: Low-t Aphrodisiac Foreskin Community Account



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948556)



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: Excitant locus

you mean my tranche of burrito loans doesnt deserve that AAA rating?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946049)



Reply Favorite

Date: May 19th, 2025 10:37 PM
Author: sooty plaza

good luck repossessing my Taco Bell



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946078)



Reply Favorite

Date: May 20th, 2025 2:12 AM
Author: nofapping charismatic idiot mediation

Michael Burry currently making millions shorting Chipotle Burrito Bowl CLOs

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946385)



Reply Favorite

Date: May 20th, 2025 2:26 AM
Author: Jade kitchen

Good. Jesus Christ.

Every couple years when I have to buy a new iPhone, and I ask whether there's any promotion available to where I don't have to pay full-freight if I buy like last year's model or whatever -- I still do not understand how we went from a world where the cost of the phone itself was a perk of renewing your contract to one where I have to pay a thousand dollars -- it pisses me off on a pretty deep level that the response from the ambiguously brown tattooed salesperson is that, yeah of course!, you can get on a $19/month (5-year) payment plan.

I have a real hard time not rooting for d'Angelow just going "yea Ima take that shit; niteteen dollar?" and then never paying ever again.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946391)



Reply Favorite

Date: May 20th, 2025 2:37 AM
Author: adulterous beta school

Why do you “have to” buy a new iPhone every couple of years

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946397)



Reply Favorite

Date: May 20th, 2025 3:34 AM
Author: Jade kitchen

Because I break or lose the old one.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946424)



Reply Favorite

Date: May 20th, 2025 4:02 AM
Author: nofapping charismatic idiot mediation

>>> I still do not understand how we went from a world where the cost of the phone itself was a perk of renewing your contract to one where I have to pay a thousand dollars

It still is if you buy an Android phone. Otherwise there is a reason Apple is worth what it is

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946436)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: Razzmatazz Affirmative Action Brunch



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946654)



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: narrow-minded philosopher-king area



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948546)



Reply Favorite

Date: May 20th, 2025 2:46 AM
Author: Saffron national dysfunction

Proles are literally financing tacos. What a world.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946399)



Reply Favorite

Date: May 20th, 2025 8:56 AM
Author: Razzmatazz Affirmative Action Brunch

ubereats as a tab for SNAP which seems like a red flag for things about to get kooky

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946656)



Reply Favorite

Date: May 20th, 2025 3:36 AM
Author: copper self-absorbed pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946426)



Reply Favorite

Date: May 20th, 2025 3:54 AM
Author: comical stag film

"Klarna, which presented Monday’s earnings via an AI-generated avatar of its chief executive, has bet heavily on artificial intelligence and has said the technology helps to cut costs.

The group reduced its total headcount by 39 per cent in the past two years, while its customer service costs were down 12 per cent in the first quarter compared with the same period a year earlier."

lol. a holographic dancing anime CEO informing you that your job has been terminated.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946434)



Reply Favorite

Date: May 20th, 2025 8:48 AM
Author: chrome idea he suggested voyeur

it turns out banks arent just "evil" and lending to poor retarded people was risky all along?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946645)



Reply Favorite

Date: May 20th, 2025 5:31 PM
Author: nofapping charismatic idiot mediation

They are also evil

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948507)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: Thriller indigo nibblets

Holy shit, not flame.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946655)



Reply Favorite

Date: May 20th, 2025 8:56 AM
Author: Razzmatazz Affirmative Action Brunch



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946657)



Reply Favorite

Date: May 20th, 2025 9:08 AM
Author: Excitant locus



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946672)



Reply Favorite

Date: May 20th, 2025 9:27 AM
Author: metal mint cruise ship



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946695)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: heady mood gunner



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946730)



Reply Favorite

Date: May 20th, 2025 5:37 PM
Author: useless site useless brakes



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948535)



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: Low-t Aphrodisiac Foreskin Community Account



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948558)



Reply Favorite

Date: May 20th, 2025 5:51 PM
Author: Jade kitchen

**lib sees that AI avatar is ambiguously multiracial and has queer mannerisms**

**nods with satisfaction**

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948572)



Reply Favorite

Date: May 20th, 2025 8:49 AM
Author: Buff whorehouse striped hyena

isn't that basically every loan?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946646)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: Razzmatazz Affirmative Action Brunch



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946652)



Reply Favorite

Date: May 20th, 2025 5:44 PM
Author: hot meetinghouse wrinkle

(finance mba)

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948561)



Reply Favorite

Date: May 20th, 2025 8:58 AM
Author: Razzmatazz Affirmative Action Brunch

ever notice that tech Engineers fail like this constantly? it's because they Engineer the humanity out of things and can only autistically look at numbers on paper.

it's the same reason why zillow and carvana lost a lot of money attempting to automate house and car flipping. turns out that the "average trade in" on a car factors in a human checking it out first and without that people will sell you lemons the dealer passed on.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946660)



Reply Favorite

Date: May 20th, 2025 9:22 AM
Author: Hilarious center dragon

they're obsessed with optimization but don't account for all the factors, usually because it makes their shitty "Saas" much harder to implement

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946686)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: Razzmatazz Affirmative Action Brunch

and because they're too autistic to understand and account for things that cannot be quantified into data.

this is why everything is better on paper but in reality so much worse.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946726)



Reply Favorite

Date: May 20th, 2025 9:38 AM
Author: Avocado nubile native

i am MAF i didnt invest in carvana. look is stock last 2-3 years. JFC

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946731)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: Razzmatazz Affirmative Action Brunch

lmfao holy shit!

i thought of carvana when i made this poast because i just listened to something about carvana's recovery but i had no idea it was so dramatic.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946742)



Reply Favorite

Date: May 20th, 2025 5:40 PM
Author: narrow-minded philosopher-king area



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948549)



Reply Favorite

Date: May 20th, 2025 9:35 AM
Author: sapphire trust fund friendly grandma

this is actually their business model though

their business model isn't to charge people interest. it's to ding them with "late fees" when they don't pay

it's unclear how they're going to enforce things or actually get the money, though. like you can charge 60 IQ niggers all the "late fees" you want on their chipotle burrito purchases. they can just....not pay you

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946716)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: Adventurous university sneaky criminal

you are dreaming if you think it's only dumb Blacks, prole whites have Ruinous credit and are even more likely to not pay it back because they know the consequences are minimal

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946728)



Reply Favorite

Date: May 20th, 2025 9:38 AM
Author: Avocado nubile native

twist: they sell these loan portfolios to others so they dont even bear the credit risk

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946733)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: Razzmatazz Affirmative Action Brunch



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946740)



Reply Favorite

Date: May 20th, 2025 5:32 PM
Author: nofapping charismatic idiot mediation

This brilliant business model works until people no longer buy their debt, or force them to price it so high it becomes uneconomical

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948514)



Reply Favorite

Date: May 20th, 2025 5:56 PM
Author: Avocado nubile native

just increase penalty fees to juice the returns to offset the increased bad debt bro

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948585)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: Slippery opaque pit

tsinah hack

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946729)



Reply Favorite

Date: May 20th, 2025 5:35 PM
Author: embarrassed to the bone pontificating fat ankles hell



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948522)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: Purple Forum Macaca

That's Anti-semitism

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48946743)



Reply Favorite

Date: May 20th, 2025 5:34 PM
Author: embarrassed to the bone pontificating fat ankles hell

I don't need "credit" anymore. Should I start doing this?

What's the best way to scam them before they stop paying for my stuff?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948520)



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: Kink-friendly indecent senate

I’m shocked that financing burritos for proles is not working out

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948545)



Reply Favorite

Date: May 20th, 2025 7:49 PM
Author: Magenta pea-brained parlor

Is Affirm in equally bad shape or is this specific to Klarna?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48948912)



Reply Favorite

Date: May 21st, 2025 6:54 AM
Author: Kink-friendly indecent senate

lol, it’s the model that’s fucked. Maybe one had worse underwriting standards than the other but both are wrecked when checking accounts are empty

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48950142)



Reply Favorite

Date: May 21st, 2025 6:58 AM
Author: Kink-friendly indecent senate

Underreported part of this story is just how much Klarna and Affirm juiced consumer retail spending. The model works by paying retailers 80-90 percent of the price instantly and pocketing the difference, so by inducing proles to spend more money than they have, retail sales stayed healthy. If prole bank accounts are empty and klarna and affirm need to preserve cash they have to increase underwriting standards and retail sales will take a prole sized nose-dive.

The recession we’re in could end up being a very large one and very difficult to climb out of if the fed keeps rates high. Trump is going to fire the Fed Reserve by this fall.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48950145)



Reply Favorite

Date: May 21st, 2025 7:24 AM
Author: Thriller indigo nibblets

It was all worth it to keep line go up for a couple of extra months.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2:#48950163)