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> If another company exists that will happily give me a hassle-free, unsecured loan for $50,000 at 5-6% interest, If there aren't any, that should tell you som
by ams6110 9y ago
> If another company exists that will happily give me a hassle-free, unsecured loan for $50,000 at 5-6% interest,
If there aren't any, that should tell you something. Their business is not likely sustainable. Good for you if you got those terms, and there aren't any hidden surprises, but that rate with no security seems well below what prudent lending demands.
- tryingagainbro 9y agoTheir business is not likely sustainable. The interest that banks give on your deposited cash is essentially zero, so even 5-6% leave a decent margin. Not everyone aims to make 25% a year, quite a few want to retain their wealth. This can be a tiny % of their allocation. (Yeah, I know not all is paid back, salaries, heating bill and all.)