So this is where CAN got it all wrong? Turns out the key is to throw out conventional credit risk knowledge and just charge 1.75 and take collateral. It's actually very hard to argue with that underwriting model. I might sound very sarcastic but I'm really not. To each their own. Truth be told these days the low rate lenders kind of have the eggs on their faces while somehow the unapologetic high risk expensive guys have their heads held up high with a goofy smirk.