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The Unicus Investor
Default by Design: The Four-Front War on U.S. Consumers
Pre-Mortem Brief

Default by Design: The Four-Front War on U.S. Consumers

Medical debt returns. Student loans squeeze. Medicaid shrinks. BNPL taps your credit. And it’s all happening at once.

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Unicus Research
Jul 14, 2025
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Default by Design: The Four-Front War on U.S. Consumers
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Note: This newsletter contains information for educational purposes only, and the content below should not be considered financial advice to readers. We published a brand new short recommendation for our clients. If you would like to become our client, email laks@unicusresearch.com.

Credit scores are falling. Loan defaults are rising. Medicaid is vanishing. And now BNPL balances are being tracked too.

In just months, four shocks have collided:

  1. A Texas judge reversed medical debt reporting protections

  2. Student loan payments resumed — 40% missed the first bill.

  3. H.R.1 slashes Medicaid rolls.

  4. BNPL debts now hit your credit score.

Lower credit, higher debt, less coverage — and no margin for error.

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