Ann: 4Q23 Trading Update, page-25

My problem with this company is the unsecured up to 50grand loans they are giving out in the hope people will be deterred from defaulting by a bad credit report for 7 years but after 7 years it's wiped from their record.

Young people can barely afford housing, I think the car will be the first to default on so money me profit will be negative to zilch as young people or old people who don't care about a credit rating stop paying. In my opinion anyone who gets 50k in loan between the ages of 18-28 or 50+ is probably financially better off not paying the loan as 7 years for 50k cash plus they can sell the asset and keep the money on that as well.