What I find mystifying is that the Afterpay group are dealing in the higher risk sector and they appear to making great progress to entice excitment from share buyers yet Z1P is struggling and has Bad & Doubtful debts which should be lower than APT. How many in number are going bad across this sector and will the small amounts forever cause these people to have a poor credit rating? What's current policy and at walhat point can bad debt customers can redeem themselves to try again?
Do some APT customers later become zip customers?
Do bad APT customers who don't pay off their $200 loan come back later to become Zip customers or are APT canabilising ZIPs future customers are a faster rate ? It might not seem important and a side issue but anyone done any surveys on this issue? All comments welcomed.
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