Investors see point of sale as next frontier for marketplace loan ABS
Marketplace loan ABS investors are looking at point of sale lending as a potential growth area, as more consumers opt for financing at the checkout counter to avoid boosting credit card balances.
Point of sale lending allows customers to take out small loans at the moment of purchasing a product. Borrowers can pay off the debt in fixed monthly payments, often without any late fees, prepayment fees or service fees.The method of financing smaller purchases, such as ...
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