I don't think AutoPay has a shortage of demand. There seems to be enough customers to max out our capacity already, with room to grow if we had the cash.
If we were cash strapped, then this new partnership would canibalise customers from other partnerships (having to deny customer that would usually be approved). Which suggest to me that we're not short on cash, otherwise it would be painful to take on a new partnership - either denying lots of these new applicants, or denying applicants from existing partnerships.
Seems like a good signal to me. Chances are good that the quarter will show a profit again? Last year: quarterly released 31 Jan 2023, 5:49am.
Maybe they've recently cancelled a couple of minor products (I think I remember mention of that, like HomeImprovementPay or something along those lines). That would free up a little capacity. And they've likely been scaling back the low credit score customers, which frees up a little more capacity.
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I don't think AutoPay has a shortage of demand. There seems to...
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