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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 9
Thread images: 1
Peer-2-Peer Lending?

Yea or Nay?

Why or why not?
>>
Nay, on major economic downturns, do you think borrowers will pay back their debts? You will be seeing defaults en masse.
>>
>>1094284
isnt that basically a bank??

you put your money in the bank, they find someone to lend it to
>>
>>1094315

good looks. thank you.


>>1094319

essentially, yes.. Except you're profiting from interest rates that normally go into the banks' coffers.
>>
>>1094335
So if the borrower decides to say fuck you does the money lender eat the cost? I've seen sites like this and I've always wondered if they cover your losses. Seems like better ways to make money to be honest.
>>
>>1094284
>lending money to people with the worst credit history, that banks won't touch while having almost no means of enforcing payments

Think about that a little longer, would ya?
>>
>>1094338
It's horrible. Some borrowers make 1 payment or 5 payments on a 36 month loan and you lose everything. Overall you might make 5% but its lots of effort for that.
>>
>>1094284
more of her
>>
>>1094284
>image

source?
Thread replies: 9
Thread images: 1
Thread DB ID: 518266



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