\
  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
Fishy ungodly legal warrant
  05/19/25
klarna's a bitch
orange office
  05/19/25
...
twinkling mother
  05/19/25
mondays
Fuchsia Cracking Whorehouse
  05/19/25
...
Pearly cerebral stain garrison
  05/19/25
...
canary sneaky criminal public bath
  05/19/25
...
splenetic chocolate brethren
  05/20/25
...
comical flatulent lodge
  05/20/25
you mean my tranche of burrito loans doesnt deserve that AAA...
Mint goal in life forum
  05/19/25
good luck repossessing my Taco Bell
mildly autistic multi-colored stag film
  05/19/25
Michael Burry currently making millions shorting Chipotle Bu...
Maize set factory reset button
  05/20/25
Good. Jesus Christ. Every couple years when I have to ...
azure international law enforcement agency university
  05/20/25
Why do you “have to” buy a new iPhone every coup...
Fighting knife abode
  05/20/25
Because I break or lose the old one.
azure international law enforcement agency university
  05/20/25
>>> I still do not understand how we went from a wo...
Maize set factory reset button
  05/20/25
...
passionate church really tough guy
  05/20/25
...
Judgmental violet point immigrant
  05/20/25
Proles are literally financing tacos. What a world.
bateful digit ratio generalized bond
  05/20/25
ubereats as a tab for SNAP which seems like a red flag for t...
passionate church really tough guy
  05/20/25
Good
lemon sadistic corner
  05/20/25
"Klarna, which presented Monday’s earnings via an...
Transparent haunting tank
  05/20/25
it turns out banks arent just "evil" and lending t...
Sapphire mexican principal's office
  05/20/25
They are also evil
Maize set factory reset button
  05/20/25
Holy shit, not flame.
Dashing Old Irish Cottage
  05/20/25
...
passionate church really tough guy
  05/20/25
...
Mint goal in life forum
  05/20/25
...
rambunctious outnumbered potus
  05/20/25
...
deep dilemma mediation
  05/20/25
...
wine parlour
  05/20/25
...
comical flatulent lodge
  05/20/25
**lib sees that AI avatar is ambiguously multiracial and has...
azure international law enforcement agency university
  05/20/25
isn't that basically every loan?
doobsian shrine
  05/20/25
...
passionate church really tough guy
  05/20/25
(finance mba)
bisexual dopamine
  05/20/25
ever notice that tech Engineers fail like this constantly? i...
passionate church really tough guy
  05/20/25
they're obsessed with optimization but don't account for all...
charismatic slate theatre
  05/20/25
and because they're too autistic to understand and account f...
passionate church really tough guy
  05/20/25
i am MAF i didnt invest in carvana. look is stock last 2-3 y...
Disturbing Step-uncle's House
  05/20/25
lmfao holy shit! i thought of carvana when i made this po...
passionate church really tough guy
  05/20/25
...
Judgmental violet point immigrant
  05/20/25
this is actually their business model though their busine...
Primrose Antidepressant Drug
  05/20/25
you are dreaming if you think it's only dumb Blacks, prole w...
onyx sick place of business
  05/20/25
twist: they sell these loan portfolios to others so they don...
Disturbing Step-uncle's House
  05/20/25
...
passionate church really tough guy
  05/20/25
This brilliant business model works until people no longer b...
Maize set factory reset button
  05/20/25
just increase penalty fees to juice the returns to offset th...
Disturbing Step-uncle's House
  05/20/25
tsinah hack
frozen chestnut library foreskin
  05/20/25
...
brass milk
  05/20/25
That's Anti-semitism
Diverse plaza
  05/20/25
I don't need "credit" anymore. Should I start doi...
brass milk
  05/20/25
I’m shocked that financing burritos for proles is not ...
Bearded depressive jew
  05/20/25
Is Affirm in equally bad shape or is this specific to Klarna...
light pit tattoo
  05/20/25
lol, it’s the model that’s fucked. Maybe one ha...
Bearded depressive jew
  05/21/25
Underreported part of this story is just how much Klarna and...
Bearded depressive jew
  05/21/25
It was all worth it to keep line go up for a couple of extra...
Dashing Old Irish Cottage
  05/21/25


Poast new message in this thread



Reply Favorite

Date: May 19th, 2025 10:21 PM
Author: Fishy ungodly legal warrant

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: orange office

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: twinkling mother



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



Reply Favorite

Date: May 19th, 2025 10:24 PM
Author: Fuchsia Cracking Whorehouse

mondays

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



Reply Favorite

Date: May 19th, 2025 10:25 PM
Author: Pearly cerebral stain garrison



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



Reply Favorite

Date: May 19th, 2025 10:28 PM
Author: canary sneaky criminal public bath



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



Reply Favorite

Date: May 20th, 2025 3:42 AM
Author: splenetic chocolate brethren



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



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: comical flatulent lodge



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



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: Mint goal in life forum

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: mildly autistic multi-colored stag film

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: Maize set factory reset button

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: azure international law enforcement agency university

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: Fighting knife abode

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: azure international law enforcement agency university

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: Maize set factory reset button

>>> 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: passionate church really tough guy



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



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: Judgmental violet point immigrant



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



Reply Favorite

Date: May 20th, 2025 2:46 AM
Author: bateful digit ratio generalized bond

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: passionate church really tough guy

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: lemon sadistic corner

Good

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



Reply Favorite

Date: May 20th, 2025 3:54 AM
Author: Transparent haunting tank

"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: Sapphire mexican principal's office

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: Maize set factory reset button

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: Dashing Old Irish Cottage

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: passionate church really tough guy



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



Reply Favorite

Date: May 20th, 2025 9:08 AM
Author: Mint goal in life forum



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



Reply Favorite

Date: May 20th, 2025 9:27 AM
Author: rambunctious outnumbered potus



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



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: deep dilemma mediation



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



Reply Favorite

Date: May 20th, 2025 5:37 PM
Author: wine parlour



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



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: comical flatulent lodge



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



Reply Favorite

Date: May 20th, 2025 5:51 PM
Author: azure international law enforcement agency university

**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: doobsian shrine

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: passionate church really tough guy



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



Reply Favorite

Date: May 20th, 2025 5:44 PM
Author: bisexual dopamine

(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: passionate church really tough guy

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: charismatic slate theatre

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: passionate church really tough guy

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: Disturbing Step-uncle's House

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: passionate church really tough guy

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: Judgmental violet point immigrant



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



Reply Favorite

Date: May 20th, 2025 9:35 AM
Author: Primrose Antidepressant Drug

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: onyx sick place of business

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: Disturbing Step-uncle's House

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: passionate church really tough guy



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



Reply Favorite

Date: May 20th, 2025 5:32 PM
Author: Maize set factory reset button

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: Disturbing Step-uncle's House

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: frozen chestnut library foreskin

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: brass milk



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



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: Diverse plaza

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: brass milk

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: Bearded depressive jew

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: light pit tattoo

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: Bearded depressive jew

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: Bearded depressive jew

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: Dashing Old Irish Cottage

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)