Australia's largest stock trading and investment forum Australia's #1 stock forum

APT

Click for more information

0.00%

$66.47 afterpay limited

Afterpay Valuation, page-1952

First 1952 Last

Share
Profile

Follow
StefanF

5,524 Posts.

1391

05/07/20

21:16

Post #: 45656415
Share

Originally posted by trader_1993 ↑

The bigger you get the more bad apples you get, especially seeing they don't conduct credit checks. If that was the case, how can banks/short term credit businesses have bad debts at all.. shouldn't they have weeded them out by now? They undertake a full credit check/application and still have bad debts.

My family works at FlexiGroup and is in the collection's team. I can assure you, there are a lot of people that have no interest in repaying money. Give
people the flexibility of no credit checks and people abuse it/the bad apples that can't get approval for a CC will use the service.

The amounts being loaned are minor anyway, so this isn't a huge factor.

Expand

Mate it sounds like you don't understand the difference between FXL and APT nor do you see the difference in banking and BNPL. I'm not going to be the one educating you. Here is a hint. The length and value of the loans has something to do with it!

Perhaps you should ask the question, how come the Afterpay's default rate has been steady/declining over the last few years, including throughout COVID-19. Here may be a good start:
https://hotcopper.com.au/threads/objective-analysis-bnpl-bad-debt-explained.5388454/#.XwG2Yi3L1E4

APT Price at posting: $67.50 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

DRO

Droneshield shares move up on $13.5M US govt contract

There are more pages in this discussion • 4,860 more messages in this thread...

First 1952 Last

Add APT (ASX) to my watchlist