To the remark which you raised, yes, payday loan providers are making loans to those who, on average, have credit ratings in the low 500s. They’ve been much larger credit dangers, which is why state law presently permits visitors to charge a lot more than 36 per cent on that loan. But at this time industry in Colorado is quite reasonable and it is working reasonably well.
RW: i shall state that the legislature has really taken action with this in 2007 then once again this season so it is not quite as if this ballot measure may be the very very first volley in Colorado to reform lending that is payday. Okay, and so the people who sign up for these loans are certainly risks in a few regards. We will do a little more reality checking. So we spoke with Corinne Fowler. She actually is campaign supervisor for Prop 111 and she says there are more means for low earnings people to have loans.