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Mexicanandre

112 Posts.

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17/11/17

15:00

Post #: 28896899
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Originally posted by vboy ↑

I think there is some consensus here that the biggest risk for APT from the ASIC review is the late fees charged. Alternatively though isn't a late fee an incentive to pay on time? If a % of the purchase price you may not mind missing a payment if only paying a $1.

Interestingly one of the recent negative reviews on Trustpilot is from someone who has been refused service based on not paying and having their debt sent to a collection agency. They've lost access to the service and are pissed. Not allowing these people back in whilst harsh (to them) are good for APT, allowing them to build up a user base of reliable customers who pay on time.

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haha! working in the payday space mate, the most common negative review isnt that the interest is too high, its that they were refused access.

APT Price at posting: $5.48 Sentiment: Sell Disclosure: Not Held
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Alternative Metrics, page-44

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