They should due to the dependence on more underwriting that is sophisticated push most of the mom and pops, in specific the offline, mother and pop locations you notice in bad areas of city plus in strip malls across America.
The individuals will really be forced out and we’ll see more consolidation towards more sophisticated loan providers and we’d imagine an even more concentrate on technology-based fintech lenders like Elevate.
Peter: first got it, first got it. So let’s talk a bit concerning the underwriting procedure then since you mentioned previously which you do instant decisioning so demonstrably it is automatic. Is it possible to talk us through like what sort of data you’re making use of? Are these applications to arrive for a cellphone, give an explanation for underwriting procedure as well as your method of the info analytics you’ve been dealing with.
Ken: that which we do is really hard, there clearly was an explanation because it’s just a lot harder than lending to prime customers that we don’t face a lot of competition in the online lending to non-prime consumers.