CCP credit corp group limited

the issue is if that wallet wizard is being used to finance...

  1. 1,114 Posts.
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    the issue is if that wallet wizard is being used to finance afterpay repayments, then afterpay gets paid first and ccp is left holding the bag.

    if 40% of wallet wizard customers are bnpl users. and if 10% afterpay users are suspect. its quite likely a high % of that 10% could well concentrate into wallet wizards books too, such that a large % of the 40% bnpl wallet wizard customers are dodgy credit.

    ccp has been aware that wallet wizard is being used in the bnpl segment for (at least) 9-12 months now. however this is the first ive seen it mentioned in the public domain.
 
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