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Sean Murray: Is that APR is
really reflective of the

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timeframe in which something is
repaid. And so if something is

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paid over a long period of time,
you know, the APR could go down

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versus if it's paid over a short
period of time APR go up. That's

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it the cost of the same. So if I
gave you if I give you like,

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$10,000 Yeah, and lets say you
only have to pay me back

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$10,100. Yeah. Might you think
that could be a good deal? Yeah.

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So in if I told you, you didn't
have to pay me that back for

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four years? You're probably
like, let's do it. Yeah. Where

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do I yeah. But if I told you,
you have to pay me that back in

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two days, you might start to
think well, what's the cost of

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the $100 for me in two days,
right? Now, the cost hasn't

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changed, the time has changed.
That's what impacts the APR and

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these transactions, right? So
the APR on the two day loan is

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going to be very, very high
versus the APR and the four year

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loan, the same amount of money,
same costs, there's going to be

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very low, right. So if you put a
cap on the APR, you're not

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changing the you're not changing
the costs of cost of the money.

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You're just saying that certain
time periods are just not

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acceptable to us, even if it is
to the applicant. And that's,

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that's where I think people get
stuck. I think that some people

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are tired or convinced the APR
is the cost and it kind of is

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but is really a reflection of
the time period at stake.