[MCNetwork]

Nice business model if you're a non-profit. You can put that capital in a stock index fund and earn 7.5% per year (historically) and not have to worry about defaults and overhead expenses, etc. A return of 13% per year in unsecured business loans isn't worth the effort unless you have a zero percent default rate and zero percent cost of capital.

[J.Celifarco]

Nice business model if you're a non-profit.

I dont care how good your underwriting is with these rates the cost of underwriting, bad debt, and an electric bill I dont see how there is any profit left at the end of the day

[mcaguru]

I dont care how good your underwriting is with these rates the cost of underwriting, bad debt, and an electric bill I dont see how there is any profit left at the end of the day

Right on!

[CreditGuy]

I dont care how good your underwriting is with these rates the cost of underwriting, bad debt, and an electric bill I dont see how there is any profit left at the end of the day

The nice thing about having CIT money is that they can break even (or even loss lead) on the new units and build a nice book of renewals.

[J.Celifarco]

The nice thing about having CIT money is that they can break even (or even loss lead) on the new units and build a nice book of renewals.

personally I dont get

a model that is based on losing money in the present on purpose for the hope of making money in the future.. I get a new business that loses money until it starts making money, but to have a model that is based on the premise that we will lose money now and hope to make money later makes very little sense to me

[AlexSMF]

Nice business model if you're a non-profit.

Red Cross funding.