We imagine before that the banking institutions had been pretty much…they are not in this space more or less after all.

We imagine before that the banking institutions had been pretty much…they are not in this space more or less after all.

Therefore that is something that I…again, it simply extends back to a very advanced data driven approach trying to slice and dice the information but we could and find out which portions have actually an increased anticipated very first loan profitability in accordance with purchase price and which portions don’t. When they don’t, we’re going to forego that revenue so we won’t mail and, you realize, we types of stay true to that particular disciplined approach.

Peter: Right, appropriate. Okay, therefore I wish to ask you to answer about competition plus it’s kind of a two part concern. The initial component is i would like to talk about US Bank since it’s the very first time…I’m sure you saw the news headlines recently, they’ve been introducing a non prime product, i believe it is nearly the same as that which you have, like one thousand dollar typical loan, six thirty days duration type thing so interested getting your just take on what you see the banking institutions as a prospective competitor because we imagine before that the banks were pretty much…they are not in this area just about after all. Читать далее «We imagine before that the banking institutions had been pretty much…they are not in this space more or less after all.»