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07-17-2020, 10:54 AM #11
- Join Date
- Feb 2017
- Posts
- 3,426
And no, the business model isn't fund until collections. It's fund, and they know that some will default. Credit cards are also fund fund fund, then go through collections channels. That's underwriting. JB and his ilk, on the other hand, that was a business model of get back as much money as fast as you can, and then hit them with aggressive illegal collections when they definitely default. Most funders did and do not do that.
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