That can always be a concern with any finance company. Yes it has ticked up but still reasonably good concidering
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A pleasant surprise was GEN's General Capital result.
Both losses and arrears were well down.
Credit Losses 0.35% 0.70% -50%
Arrears 0.74% 11.61% -94%
Harmoney's update 1st May;
Credit loss % improves from first half 2024, down 10bps to 4.1%, as newer Australian
scorecard forms a larger percentage of the loan book.
I'm happy with what I got. For now...... 😁