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Home » Off the Lot: Time to reevaluate credit models, or repeat 2022

Off the Lot: Time to reevaluate credit models, or repeat 2022

Buy now, pay later is a growing problem for lenders

Bruce NewmarkbyBruce Newmark
June 6, 2024
in Off the Lot, Risk Management
Reading Time: 6 mins read
0
Closeup of a car tire on a red vehicle

(Photo/Canva)

Pandemic and post-pandemic originations were initially some of the best most companies experienced. Borrowers were flush with stimulus funds and able to save money by staying at home and reducing commuting and other expenses associated with being required to be in an office location. They were able to buy consumer goods, cars and other items […]

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