[Michael I]

They charge 15% on the funded amount, which is more than 30% APR.. they also fund against 50% of your portfolio, and secure the RTR through a third party service.. It's a great business model for them (since they are making an almost guaranteed 30% annually) but not a great product for funders. (hence why no one really uses them)..

wow that will be nearly impossible to be profitable . 15% to them 12% to iso paying staff and accounting for defaults how can this make sense to anyone . 15% a year where you can flip the money a couple of times can work but not per deal

[Chambo]

wow that will be nearly impossible to be profitable . 15% to them 12% to iso paying staff and accounting for defaults how can this make sense to anyone . 15% a year where you can flip the money a couple of times can work but not per deal

Obviously not meant to be used as a line, but more a short term boost. Ain't no different than a 3rd pos 1.50 @ 40 days