Re: eBay for loans
I imagine the people who are getting these loans aren't able to get better offers from credit card companies, which is why you should be careful if you are lending. I think lending to the highest rated people for the best rate you could find would be ideal. You could potentially beat your savings accounts rate. Lending to high risk people would be a bad idea in my opinion. Anyone willing to pay over 20% in interest should not be trusted to repay the loan.
|