Yeah, I didn’t know they had popped up either. But…
I suggest you understand the default rates, that site is less than a year old. Take a look at how manyof their loans made in Q1 of this year are 1-3 months late already.
What amount of the 10% that’s late is going to go default is too much to tell. Honestly, I’d geuss at least half which puts a big dent in the earnings.
