2 ms·
You must have terrible credit. As someone who has taken part in the lending side of P2P companies, 20+% APR is the lowest grade of credit and represents a subst
by ac29 11y ago
You must have terrible credit. As someone who has taken part in the lending side of P2P companies, 20+% APR is the lowest grade of credit and represents a substantial default risk (real returns are <10%).
- pbreit 11y agoWell, I definitely have an inordinate ability to repay. But the newer lenders, unlike the older lenders, aren't acknowledging that for whatever reason. Maybe they only want the high rate business?