[WhoisKingsley]

jaynyone- Okay he has a $100k balance on what terms? UW are going to look at the % taken out to determine another loan. On top of that- Yes, it matters the monthly gross, but what about his balances? NSF? If he takes another $50k the term will be shorter and expensive and exceed what any lender is comfortable giving. Also- you just completely put yourself out there to QS.

What mostly everyone doesn't understand is the longer the term the less money the lender or the person/people/company that are giving these lenders the money to lend make. MONEY COSTS MONEY- even to the funders. The terms are short RISK=PRICE (obvious) BUT they only go up to certain % on the stack. Example- Seconds they won't go over X% of monthly gross.

[jaynyone]

jaynyone- Okay he has a $100k balance on what terms? UW are going to look at the % taken out to determine another loan. On top of that- Yes, it matters the monthly gross, but what about his balances? NSF? If he takes another $50k the term will be shorter and expensive and exceed what any lender is comfortable giving. Also- you just completely put yourself out there to QS.

What mostly everyone doesn't understand is the longer the term the less money the lender or the person/people/company that are giving these lenders the money to lend make. MONEY COSTS MONEY- even to the funders. The terms are short RISK=PRICE (obvious) BUT they only go up to certain % on the stack. Example- Seconds they won't go over X% of monthly gross.

This guy has avg balances in the thousands even after the daily payments to QS. They seem to have good pricing over there though - not the first deal I've lost because of their rates.