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Propel Holdings Inc T.PRL

Alternate Symbol(s):  PRLPF

Financial Services Credit Services Financials
Propel Holdings Inc. is a Canada-based financial technology (fintech) company. The Company’s operating brands include Fora Credit, CreditFresh and MoneyKey, and its lending-as-a-service product line facilitates access to credit for consumers underserved by traditional financial institutions. Through its innovative artificial intelligence (AI)-driven platform, the Company evaluates customers in a more comprehensive way than traditional credit scores can. The Company enables access to credit through two types of credit products on its platform, such as Installment Loans and Lines of Credit. It is engaged in providing lending related services to borrowers, banks, and other institutions in the United States (US) and Canada. The Company, through its MoneyKey brand, offers either installment loans or lines of credit to customers in several US states. The Company, through its CreditFresh brand, operates as a bank servicer which provides marketing, technology, and loan services.


TSX:PRL - Post by User

Propel Holdings Inc > bad loans..
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Post by PhiladelphiaCoon Mar 23, 2023 9:52pm
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Post# 35357805

bad loans..

bad loans..From the Propel inc. 2022 Annual Report

 

Loans and advances receivable and allowance for credit losses:

 

Out of $353,685,886 total loans they have gross charge offs of $109,981,529

 

 

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