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Originally Posted by K-Man
But who would risk their own money lending to people they don't know for a lower interest rate than banks charge? It would be a risky and poor investment
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Maybe it will be a higher interest rate?
Maybe people rejected by banks will flock to a site like that? Maybe they will get approved for a loan, but the interest rate will be 15% whereas a person with good credit could get the same loan from a bank at 8%?
Where there is risk, there is reward.