Giving money and power to government is like giving
whiskey and car keys to teenage boys. [P.J. O’Rourke.]
It’s a fact that things are looking really good for those of us who make it our “business to lend money to the masses!”
Yeah, it’s competitive
out there!
Yep, there is a lot of fraud.
FTD [first time defaults] are scaling up.
CAC ‘s are on the increase. Elevate revealed a funded loan costs them $225 each. Enova is close. On the other hand, we have portfolios with <$80 CAC’s and <12% FTPD’s.
The economy is blazing along, average folks feel good about their prospects, they have jobs and they’re not hesitant to spend their money on new phones, Netflix, prepared food delivered to their
homes while they kick back and watch Game of Thrones…
And we have Judge Kavanaugh & the CFPB
Judge Kavanaugh DOES NOT LIKE THE CFPB. Isn’t that a pity – I write facetiously...
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