Doug Hoyes: 548%. Well, and I also reckon that is sensible because IвЂ™m paying that $21 on every hundred, not for the year that is whole but also for fourteen days, you multiply it by 26, then it is maybe maybe not difficult to note that 500%. Therefore, the real difference then between $2,750 worth of pay day loans and $20,000 of credit debt, it is вЂ“ we mean youвЂ™re paying roughly the exact same number of interest both in of them arenвЂ™t you?
Proper however you have actually nine times just as much debt as the bank cards.
Doug Hoyes: therefore, and even though charge cards are a tremendously costly kind of borrowing.
Ted Michalos: We donвЂ™t suggest that.