BNPL Is Quietly Becoming 2008 in Slow Motion

[madtrader]

BNPL companies aren’t reporting most loans to credit bureaus.
Banks can’t see who already has 5+ active BNPL debts.
Meanwhile, BNPL giants are securitizing billions in loans, just like subprime mortgages were packaged pre-2008.
It’s an invisible bubble growing under the surface…
Because nothing is more dangerous than debt nobody is tracking.

[alex10]

Rising BNPL usage mirrors early warning signs of unsustainable consumer debt. 🧨

[Abdul Khan]

Unchecked lending trends often end with systemic shocks—history repeats. ️