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

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

Therefore that is something that I…again, it just dates back to a very advanced data driven approach trying to cut and dice the info but we could and find out which sections have actually a greater anticipated very first loan profitability in accordance with acquisition price and which sections don’t. When they don’t, we are going to forego that revenue and we also won’t mail and, you understand, we variety of stay real compared to that disciplined approach.

Peter: Right, appropriate. Okay, and so I wish to ask you about competition plus it’s kind of a two component concern. The initial component is i’d like to talk because it’s the first time…I’m sure you saw the news recently, they are launching a non prime product, I think it’s very similar to what you have, like a thousand dollar typical loan, six month duration type thing and so interested to get your take on how you view the banks as a potential competitor because I imagine before that the banks were pretty much…they were not in this space pretty much at all about US Bank. Continue reading We imagine before that the banking institutions had been pretty much…they are not in this area more or less after all.