Buy Out, page-11

They'd have sufficient data now to drill down and see why the customer defaulted, then reverse engineer the front end so they do not take on that profile. There's many options including software that can prompt payment, follow up, stop further purchases etc.

These are unsecured small loans, dare say those that went the cycle to write off would also cop a bad credit mark. They have experience with debt and comprise a savvy workforce who know that is their risk, know about collections processes. But lets go another way around, as time passes they will know which customers are good and which are bad. Eventually they end up with a base of good solid customers, have to vet the new blood coming onboard, and keep weeding the garden..... what banks have been doing for years.

Then think even bigger. From the pool of Zip PAY customers with their $1000 limit will be graduates to ZIP Money with higher limits .... maybe one day even home loans, who knows.

I do know that for people this is better than Wallet Wizard or Radio Rentals etc and growth is inevitable. Profit will come, they are dealing with that, but all things new have to become established and growing a business costs money.