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What is the collateral if they don't pay? Cc has interest rates and credit scores.
by mgh2 2y ago
What is the collateral if they don't pay? Cc has interest rates and credit scores.
- gruez 2y ago>What is the collateral if they don't pay? It's unsecured, just like a credit card. >Cc has interest rates and credit scores. AFAIK BNPL products either change interest directly to the consumer or is subsidized by the merchant. There's also a credit check prior to it being granted, so it's not like they're handing it out to just anyone.