Right now, loan quality across the industry is still holding up quite well. But with interest rates rising rapidly, many experts anticipate that consumer finances could soon start to deteriorate, and the hot labor market will likely start to cool eventually. Affirm saw delinquencies and charge-offs rise last quarter, but also lowered its allowance for loan losses. Reports about BNPL borrowers are not good. Levchin, who was a co-founder ofPayPal, is undoubtedly an extremely smart guy, but right now, Affirm's credit trends and policies don't quite add up for me. So when it comes to this stock, I'm staying on the sidelines until I can get better answers to some of my questions.$Affirm Holdings, Inc.(AFRM)$