You are clueless abut the credit market. Losses are all built in the price model. Besides defaulting online puts you on all lenders blacklist for life. Off course there will be defaults but the likes of Affirm love it when BNPL customers actually can't pay during the no interest/fee period because they can make mega $$ after that period. You just don't get it and won't ever get it.$Affirm Holdings, Inc.(AFRM)$