Do you agree that PAYDAY is very short term loan?
Nothing to do with a borrower who borrows once in ten years or once in every month, as long as the loan book is not decreased.
eg 1m people take payday loans (total loans=$80m) & return the loans in one month, then another different 1m people take payday loans (total loans=$80m) & return the loans in one month, then keep going===>total loans is same, $80m, and those borrowers can take only once loan for all life, but the transaction = 1 million*12 =12 million, the brokerage fees charge 12 million times (not 1 million times). The higher frequency the more brokerage fees charged
(Reality, some take 1 week, some take 2 weeks ..... at point time, have 1.1m borrower; at different time have 0.8m borrowers ......)(my above example focused simpler and easier to understand)
Do you agree that PAYDAY is very short term loan? Nothing to do...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CCV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $144.3M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.5¢ | $70.74K | 307.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 262844 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 989689 | 13 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CCV (ASX) Chart |