Ann: Share Purchase Plan, page-146

If interest rate is indeed going to be at 5% like many are predicting. Then there is no way for ZIP to survive. The margins on its products are just too small to offset the borrow costs.

And in time of interest rate raises, people will cut off their none essential spending, which will dent the bottom line of ZIP. Also more defaults will happen

I honestly can't not see ZIP/OPY/SPT survive the next few years. (I hold SPT at $1.60 and already written that off)

For those calling ZIP is cheap right now, what are your bases? Bad loan is increasing, so are borrowing. The number of sign up might go up but that alone isn't going to be enough to save ZIP.