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  • sudo42@lemmy.worldEnglish
    10·
    7 months ago

    I assume they’re complaining about this “phantom debt” that they can’t see? It’s behind a firewall, so they’re hiding the article where I can’t see. /s

    • Hanrahan@slrpnk.netEnglish
      4·
      6 months ago

      BNPL (Buy Now Pay Later) debts not recorded with credit agencies, so no idea how much.

      I have zero idea why this is collapse related but here we are.

      • eleitl@lemmy.mlMEnglish
        2·
        6 months ago

        Global Financial Crisis 2 is definitely a fast component in the overall collapse process. Unaccounted consumer debt is a useful facet of a diagnostic. We don’t know where exactly the spark will originate that will blow up GFC2. It could as well start there, though it’s not very probable.