Post #84 by BenSolar on the Upstart Holdings board

Stocks A to Z / Stocks U / Upstart Holdings (UPST)

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Here's an article in the Washington Post which details how credit card delinquencies have been climbing to the highest level in almost decade. https://www.washingtonpost.com/business/2023/08/30...

The article discusses how a double whammy of inflation boosting prices plus interest rates boosting repayment costs has come to pinch the lower end of the economic spectrum causing a spike in late payments. It says consumer loan and auto loans delinquencies are also climbing rapidly, with sub-prime customers the worst off.

This is obviously germane to Upstart's business. They indicated in the discussion in the last earnings call that they have calibrated their expectations and loans for a more pessimistic economic scenario than was evident at that time. Looks like that was a good call.

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