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This makes that debt really hard to measure. These debt bombs that retroactively make you have carried a balance for years in the past. Don't include them: yo
by jbaber 3y ago
This makes that debt really hard to measure. These debt bombs that retroactively make you have carried a balance for years in the past.
Don't include them: you're missing all the people who transform into high debt carriers.
Include them: you sweep in all the people who set an automatic payment to pay it off with a couple months to spare and forget about it.
- caseysoftware 3y agoTo further complicate things, the entire "Buy Now, Pay Later" industry does NOT report to credit agencies, etc until someone is late on payments (not sure how many days late). Therefore, there's an entire pile of debt that also is invisible to these metrics.