It has become real simple at this point. If Upstart has a better default rate than FICO at these higher interest rates than we have a stock that is going to soar. If it isn't better than we have nothing. FICO is currently a $600 stock and Upstart would surpass it if their risk model is better.
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You are totally right! FICO bussiness point of view less influence or highly depending on interest rate and that's the reason they could soar higher. Besides, UPST does relatively the same business but with loan.