[blKC]

A COJ only guarantees a judgment. A judgment doesn't guarantee payment. I like my role as a broker, and I sympathize with lenders. In the beginning I thought a 1.459 was outrageous, now, after seeing the portfolio performance over a long period on these merchants, I understand why the rates are what they are.

It's kind of a chicken and egg debate. They are more likely to default due to high rates, yet deserve higher rates because they are more likely to default...