If it is any help I have just checked SCY finance comany's impairments.
2016 loan book $94.5 mil,impairments $1.3mil or 1.38%
2017 loan book $79.2 mil,impairments $1.2mil or 1.52% which is interesting as the loan book reduced 16.2%.
Their loan book is made up of fixed instalment and revolving credit.
While the revolving credit remained nearly the same,the fixed instalments reduced from $73.7 mil to $59.6 mil or just over 19%.
Why.? I can't believe people stopped buying on instalments,so they must have arranged finance elsewhere.