Author Topic: Peer-to-peer lending for payday loans?  (Read 296 times)

gsartois

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Peer-to-peer lending for payday loans?
« on: January 11, 2019, 10:18:54 PM »
I've been looking to get back into the p2p lending game after a five year hiatus. Last time I invested in peer-to-peer lending was through Lending Club and I saw about 10% ROI. Curious if anybody has had a chance to try out p2p for payday loans? I saw that there are a few lenders working on platforms to bring these loans to market. I imagine the ROI could be amazing, but I'm also weary since we're dealing with risky borrowers? Thoughts? Not even sure if this platform will be open to residents from other states, but I saw this blog post discussing a platform that a california lender is working on, for reference: https://www.mymillennialguide.com/peer-to-peer-lending-investing/
« Last Edit: January 11, 2019, 10:22:43 PM by gsartois »

Fred93

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Re: Peer-to-peer lending for payday loans?
« Reply #1 on: January 12, 2019, 01:23:36 AM »
I don't see a date on that article, so no way to know whether it is years old or what.

lascott

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    • Appreciate my post and want to try LendingRobot? URL below
Re: Peer-to-peer lending for payday loans?
« Reply #2 on: January 13, 2019, 01:39:49 PM »
I don't see a date on that article, so no way to know whether it is years old or what.
Not sure what you mean. Is this not the date? 
Aside: Also I think one could put it in the way-back-machine/archive and see a calendar perhaps of add/changes.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

CharlotteE

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Re: Peer-to-peer lending for payday loans?
« Reply #3 on: February 05, 2019, 08:04:13 AM »
Thank you, the article is very useful. Can you suggest the same one about the European market?