How does the business model work, page-3

I would like to get actually how they work in layman’s non tech language also

First “
Neo- lender “ !

What’s that ?

Yep I’m a dinosaur.

I get worried when I see so many “ credit “ companies providing credit to those who probably shouldn’t have it the first place .
( not saying this specifically of WZR - can apply to APT / ZIP etc )
Australia hasn’t had a crunch for ages and I think people don’t understand how easy credit contributes to this .
Peoples having negative home equity is well reported and that could be just the tip of an iceberg about to overturn.