Yeah sorry no. The margins are basically written right on the...

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    Yeah sorry no.
    The margins are basically written right on the tin, about a 2% lending rate so assuming we use our own cash and keep expenses low with no defaults maybe we'd walk away with a 1.8% margin on a decent enough book.

    If we're lending other people's money then it's basically free cash but margins would be halved if we're lucky and we would again need a decent book size to offset whichever bean counter has to keep track of it all.

    Hopefully we just do a little of the leg work for the other guys and we can create some synergy rewriting some of their other debts with higher margins.
 
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