That late payment sucks but the big issue is the processing rate going from 4.9% + 0% reserve to 8.9% + 5% reserve in one swoosh.
Weekly gross volume Rate (%)
0 - 1000 8.90 %
1000 - 25000 7.90 %
25000 - 50000 6.90 %
50000 - 75000 5.90 %
75000 - 100000 4.90 %
100000 - 150000 4.90 %
150000 - 200000 4.90 %
> 200000 4.90 %
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