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Anyone ever done P2P lending?
| nk | 09/29/24 |
| t14 | 09/29/24 |
| nk | 09/29/24 |
| t14 | 09/29/24 |
| just be racist | 09/29/24 |
Poast new message in this thread
Date: September 29th, 2024 2:52 PM Author: nk On either side of it. Seems like a good way to just get the money and not pay it back. Any downside/risk to this? What is the incentive to pay it back? (http://www.autoadmit.com/thread.php?thread_id=5603329&forum_id=2...id#48143473) |
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Date: September 29th, 2024 2:55 PM Author: t14 Seems like a slam dunk small claims lawsuit for the lender, no?
My assumption is if your credit qualifies you to borrow from a p2p platform then you would have downside from being sued over some tiny ass loan |
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Date: September 29th, 2024 2:58 PM Author: nk I guess so. Do you reckon it’d be profitable to be a lender then and just sue ppl if they don’t pay back? (http://www.autoadmit.com/thread.php?thread_id=5603329&forum_id=2...id#48143480) |
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Date: September 29th, 2024 3:03 PM Author: t14 It's marginally profitable to be a lender when you factor in the opportunity cost of your time spent lending on the p2p sites versus putting the same $ in a simple market index fund (eg semiconductor etf) and never looking at it (http://www.autoadmit.com/thread.php?thread_id=5603329&forum_id=2...id#48143493) |
Date: September 29th, 2024 3:03 PM Author: just be racist Huge no (http://www.autoadmit.com/thread.php?thread_id=5603329&forum_id=2...id#48143494) |