So Afterpay book the loss, and then sell it to a debt collection agency for cents on the dollar. How exactly does that distort the financials?
They take a loss, and move it on. Explain clearly, why this is a problem, especially considering this is practiced across the credit industry.
If the amount of write offs continue to reduce each quarter, that means less people are defaulting. Again, explain the trickery in that accounting?
Lots of clever posters today.
Add to My Watchlist
What is My Watchlist?