BluePeriod_ t1_j8o2f55 wrote on February 15, 2023 at 6:55 PM

Reply to comment by wadonious in Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN

Yeah. It makes me sad too because it’s like - a fun thing here and there? Fine. But I work for a bank and I’ve seen some accounts that have a LONG series of purchases from Zip/Klarna/PayPal installments etc. Like “entire paycheck is pretty much gone” amounts. It’s an easy pit to fall into.

rouxcifer4 t1_j8pyu5t wrote on February 16, 2023 at 2:45 AM

I’m an underwriter and see the same thing. It’s really sad. And I even use Afterpay and Klarna, but keep it limited to one or two lines at a time.

I had one applicant have over 27 payments to different buy now pay later companies in one week.