Let's talk about peer-to-peer lending!!

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Let's talk about peer-to-peer lending!!

silvergoose: Mar 18, 2006; IT IS SAID THE TEARS OF THE BWEENIX CAN HEAL ALL WOUNDS

So why are the loans themselves a good idea for the borrower? If it's that high a % of return, wouldn't that imply that the loans themselves are pretty predatory?

# ¿ Nov 21, 2012 21:42

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# ¿ Apr 25, 2024 08:33

silvergoose: Mar 18, 2006; IT IS SAID THE TEARS OF THE BWEENIX CAN HEAL ALL WOUNDS

antiga posted:

I signed up for an account tonight and saw that there is a $100 fee per year to use IRA funds to buy notes. Do you guys use money that's not affiliated with your retirement accounts for LC? I kind of assumed this was Roth IRA territory for most people, but $100/yr seems like a lot unless you have heaps invested. Cheers.

Uhhh I'm not involved in it, but if I were going to invest in this sort of thing, I would be using extra money that I expect to lose, in the same way that I would with gambling or penny stocks or somesuch. It's probably more safe, but still. Don't gamble your retirement funds?

# ¿ Jul 13, 2013 16:07

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Let's talk about peer-to-peer lending!!