|
What are the taxes on this? Is it just simple individual income? I have some long term savings goals I could use this for. Better than my piddly 1% interest rate at the bank.
|
# ¿ Nov 21, 2012 22:46 |
|
|
# ¿ Apr 24, 2024 14:30 |
|
Definitely going to not do too much heavy investing with this. I'll probably start with $250 into 3 year notes. I'm pretty conservative with my vetting as well. If they're revolving credit or debt to income ratio is too high I don't bite. Also, I use a rule that if I can't afford the monthly payment then they can't either. I did see someone who worked at Wal-mart asking for a 30K loan. Yea right..
|
# ¿ Dec 5, 2012 23:19 |
|
Uranium 235 posted:Just because they work for Wal-Mart doesn't mean they work in a retail store. I wouldn't bet on that unless they live in northwest Arkansas (Wal-Mart HQ), though. Don't remember if they did, but I just didn't want to chance it since retail is so volatile when it comes to working hours.
|
# ¿ Dec 9, 2012 16:40 |
|
I'm a borrower as well as a lender and I had to verify my income by sending in my W-2 and 2 of my last pay stubs. This was after I was fully funded. I think I'm a B loan based on the interest rate. It is pretty awesome. I just needed a short term loan and the best I could get outside of lending club was 30%. My 16% beats that hard.
|
# ¿ May 14, 2013 22:13 |
|
Yea if you can afford the payments go for it, but it seems like a bad idea since the economy just isn't that great plus you can't pull your investment out early if you need it.
|
# ¿ May 14, 2013 22:55 |
|
FISHMANPET posted:So what do you guys think of borrowing money from the likes of LC? Mine was funded fairly quickly by 1 person, but I mentioned I was already pre-approved by another loan company, but wanted to beat that rate. My rate with OneMain was 30% while LC was 16% so i quickly severed ties with OneMain after I was fully funded. I would highly recommend it for really small short term loans. Mine was 1,000 and I budgeted paying for 10 months. The only downside is if you want to make more than the monthly payment you have to e-mail support every month. You can make it permanent, but you sacrifice any hardship claims and limit your options and the monthly amount cannot be adjusted. cheese eats mouse fucked around with this message at 15:01 on Jun 17, 2013 |
# ¿ Jun 17, 2013 14:58 |
|
|
# ¿ Apr 24, 2024 14:30 |
|
I still had to send in my last 2 pay stubs plus my W-2 to verify my income. This was after I had a backer though.
|
# ¿ Jun 17, 2013 19:27 |