Post by Deleted on Aug 22, 2014 16:22:04 GMT
Would you be a mug to buy a micro loan at a seller's premium of 3, 4 or 5%?
Why should people get paid a premium to offload their loan parts?
You buy micro loans and pay the seller a premium for relieving them of their debt and you've lost money before you've even started?
Or am I missing something here?
I know sellers are charged a 0.5% fee for selling so I'd not be suprised to see a 0.5% fee - and if the nex monthly interest payment is due shortly perhaps 1 or 2% but there are loads of micro loans up for sale with 5% premiums on them. I bought one before I really understood how it worked but I won't be buying anymore with premiums above 2.5%.
Whats your policy on paying seller premiums?
Why should people get paid a premium to offload their loan parts?
You buy micro loans and pay the seller a premium for relieving them of their debt and you've lost money before you've even started?
Or am I missing something here?
I know sellers are charged a 0.5% fee for selling so I'd not be suprised to see a 0.5% fee - and if the nex monthly interest payment is due shortly perhaps 1 or 2% but there are loads of micro loans up for sale with 5% premiums on them. I bought one before I really understood how it worked but I won't be buying anymore with premiums above 2.5%.
Whats your policy on paying seller premiums?
