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

https://archive.ph/qqLnJ
chartreuse point
  05/19/25
klarna's a bitch
motley den dysfunction
  05/19/25
...
walnut halford state
  05/19/25
mondays
Idiotic cocky location bbw
  05/19/25
...
swashbuckling underhanded area useless brakes
  05/19/25
...
insane mood locus
  05/19/25
...
thriller soggy party of the first part friendly grandma
  05/20/25
...
Brindle brunch
  05/20/25
you mean my tranche of burrito loans doesnt deserve that AAA...
Beta doctorate university
  05/19/25
good luck repossessing my Taco Bell
vibrant toaster people who are hurt
  05/19/25
Michael Burry currently making millions shorting Chipotle Bu...
Silver knife
  05/20/25
Good. Jesus Christ. Every couple years when I have to ...
Trip parlor roommate
  05/20/25
Why do you “have to” buy a new iPhone every coup...
sickened cerebral orchestra pit
  05/20/25
Because I break or lose the old one.
Trip parlor roommate
  05/20/25
>>> I still do not understand how we went from a wo...
Silver knife
  05/20/25
...
bronze vivacious elastic band
  05/20/25
...
curious maize center athletic conference
  05/20/25
Proles are literally financing tacos. What a world.
rose aromatic antidepressant drug nursing home
  05/20/25
ubereats as a tab for SNAP which seems like a red flag for t...
bronze vivacious elastic band
  05/20/25
Good
Zippy spectacular depressive trust fund
  05/20/25
"Klarna, which presented Monday’s earnings via an...
concupiscible institution gay wizard
  05/20/25
it turns out banks arent just "evil" and lending t...
massive twinkling uncleanness
  05/20/25
They are also evil
Silver knife
  05/20/25
Holy shit, not flame.
Fear-inspiring hissy fit
  05/20/25
...
bronze vivacious elastic band
  05/20/25
...
Beta doctorate university
  05/20/25
...
Abusive lay
  05/20/25
...
Vermilion diverse senate
  05/20/25
...
Slippery cheese-eating puppy double fault
  05/20/25
...
Brindle brunch
  05/20/25
**lib sees that AI avatar is ambiguously multiracial and has...
Trip parlor roommate
  05/20/25
isn't that basically every loan?
honey-headed therapy property
  05/20/25
...
bronze vivacious elastic band
  05/20/25
(finance mba)
Tan exhilarant new version forum
  05/20/25
ever notice that tech Engineers fail like this constantly? i...
bronze vivacious elastic band
  05/20/25
they're obsessed with optimization but don't account for all...
disrespectful bearded volcanic crater church
  05/20/25
and because they're too autistic to understand and account f...
bronze vivacious elastic band
  05/20/25
i am MAF i didnt invest in carvana. look is stock last 2-3 y...
purple stead
  05/20/25
lmfao holy shit! i thought of carvana when i made this po...
bronze vivacious elastic band
  05/20/25
...
curious maize center athletic conference
  05/20/25
this is actually their business model though their busine...
Free-loading stirring electric furnace
  05/20/25
you are dreaming if you think it's only dumb Blacks, prole w...
Razzle-dazzle Site Masturbator
  05/20/25
twist: they sell these loan portfolios to others so they don...
purple stead
  05/20/25
...
bronze vivacious elastic band
  05/20/25
This brilliant business model works until people no longer b...
Silver knife
  05/20/25
just increase penalty fees to juice the returns to offset th...
purple stead
  05/20/25
tsinah hack
Opaque godawful casino
  05/20/25
...
irradiated private investor business firm
  05/20/25
That's Anti-semitism
chrome talented sneaky criminal
  05/20/25
I don't need "credit" anymore. Should I start doi...
irradiated private investor business firm
  05/20/25
I’m shocked that financing burritos for proles is not ...
Awkward Light Native
  05/20/25
Is Affirm in equally bad shape or is this specific to Klarna...
jet-lagged kitchen place of business
  05/20/25
lol, it’s the model that’s fucked. Maybe one ha...
Awkward Light Native
  05/21/25
Underreported part of this story is just how much Klarna and...
Awkward Light Native
  05/21/25
It was all worth it to keep line go up for a couple of extra...
Fear-inspiring hissy fit
  05/21/25


Poast new message in this thread



Reply Favorite

Date: May 19th, 2025 10:21 PM
Author: chartreuse point

https://archive.ph/qqLnJ

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



Reply Favorite

Date: May 19th, 2025 10:23 PM
Author: motley den dysfunction

klarna's a bitch

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



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: walnut halford state



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



Reply Favorite

Date: May 19th, 2025 10:24 PM
Author: Idiotic cocky location bbw

mondays

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



Reply Favorite

Date: May 19th, 2025 10:25 PM
Author: swashbuckling underhanded area useless brakes



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



Reply Favorite

Date: May 19th, 2025 10:28 PM
Author: insane mood locus



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



Reply Favorite

Date: May 20th, 2025 3:42 AM
Author: thriller soggy party of the first part friendly grandma



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



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: Brindle brunch



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



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: Beta doctorate university

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

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



Reply Favorite

Date: May 19th, 2025 10:37 PM
Author: vibrant toaster people who are hurt

good luck repossessing my Taco Bell



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



Reply Favorite

Date: May 20th, 2025 2:12 AM
Author: Silver knife

Michael Burry currently making millions shorting Chipotle Burrito Bowl CLOs

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



Reply Favorite

Date: May 20th, 2025 2:26 AM
Author: Trip parlor roommate

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...id.#48946391)



Reply Favorite

Date: May 20th, 2025 2:37 AM
Author: sickened cerebral orchestra pit

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...id.#48946397)



Reply Favorite

Date: May 20th, 2025 3:34 AM
Author: Trip parlor roommate

Because I break or lose the old one.

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



Reply Favorite

Date: May 20th, 2025 4:02 AM
Author: Silver knife

>>> 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...id.#48946436)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: bronze vivacious elastic band



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



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: curious maize center athletic conference



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



Reply Favorite

Date: May 20th, 2025 2:46 AM
Author: rose aromatic antidepressant drug nursing home

Proles are literally financing tacos. What a world.

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



Reply Favorite

Date: May 20th, 2025 8:56 AM
Author: bronze vivacious elastic band

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...id.#48946656)



Reply Favorite

Date: May 20th, 2025 3:36 AM
Author: Zippy spectacular depressive trust fund

Good

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



Reply Favorite

Date: May 20th, 2025 3:54 AM
Author: concupiscible institution gay wizard

"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...id.#48946434)



Reply Favorite

Date: May 20th, 2025 8:48 AM
Author: massive twinkling uncleanness

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...id.#48946645)



Reply Favorite

Date: May 20th, 2025 5:31 PM
Author: Silver knife

They are also evil

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



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: Fear-inspiring hissy fit

Holy shit, not flame.

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



Reply Favorite

Date: May 20th, 2025 8:56 AM
Author: bronze vivacious elastic band



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



Reply Favorite

Date: May 20th, 2025 9:08 AM
Author: Beta doctorate university



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



Reply Favorite

Date: May 20th, 2025 9:27 AM
Author: Abusive lay



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



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: Vermilion diverse senate



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



Reply Favorite

Date: May 20th, 2025 5:37 PM
Author: Slippery cheese-eating puppy double fault



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



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: Brindle brunch



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



Reply Favorite

Date: May 20th, 2025 5:51 PM
Author: Trip parlor roommate

**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...id.#48948572)



Reply Favorite

Date: May 20th, 2025 8:49 AM
Author: honey-headed therapy property

isn't that basically every loan?

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



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: bronze vivacious elastic band



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



Reply Favorite

Date: May 20th, 2025 5:44 PM
Author: Tan exhilarant new version forum

(finance mba)

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



Reply Favorite

Date: May 20th, 2025 8:58 AM
Author: bronze vivacious elastic band

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...id.#48946660)



Reply Favorite

Date: May 20th, 2025 9:22 AM
Author: disrespectful bearded volcanic crater church

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...id.#48946686)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: bronze vivacious elastic band

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...id.#48946726)



Reply Favorite

Date: May 20th, 2025 9:38 AM
Author: purple stead

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...id.#48946731)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: bronze vivacious elastic band

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...id.#48946742)



Reply Favorite

Date: May 20th, 2025 5:40 PM
Author: curious maize center athletic conference



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



Reply Favorite

Date: May 20th, 2025 9:35 AM
Author: Free-loading stirring electric furnace

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...id.#48946716)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: Razzle-dazzle Site Masturbator

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...id.#48946728)



Reply Favorite

Date: May 20th, 2025 9:38 AM
Author: purple stead

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...id.#48946733)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: bronze vivacious elastic band



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



Reply Favorite

Date: May 20th, 2025 5:32 PM
Author: Silver knife

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...id.#48948514)



Reply Favorite

Date: May 20th, 2025 5:56 PM
Author: purple stead

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...id.#48948585)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: Opaque godawful casino

tsinah hack

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



Reply Favorite

Date: May 20th, 2025 5:35 PM
Author: irradiated private investor business firm



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



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: chrome talented sneaky criminal

That's Anti-semitism

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



Reply Favorite

Date: May 20th, 2025 5:34 PM
Author: irradiated private investor business firm

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...id.#48948520)



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: Awkward Light Native

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

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



Reply Favorite

Date: May 20th, 2025 7:49 PM
Author: jet-lagged kitchen place of business

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

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



Reply Favorite

Date: May 21st, 2025 6:54 AM
Author: Awkward Light Native

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...id.#48950142)



Reply Favorite

Date: May 21st, 2025 6:58 AM
Author: Awkward Light Native

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...id.#48950145)



Reply Favorite

Date: May 21st, 2025 7:24 AM
Author: Fear-inspiring hissy fit

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...id.#48950163)