bababill
Member of DD Central
Posts: 525
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Post by bababill on Jul 23, 2015 6:57:28 GMT
Interesting.
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bababill
Member of DD Central
Posts: 525
Likes: 243
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Post by bababill on Jul 20, 2015 16:51:17 GMT
I received the following from LendInvest when I was querying the angered extension of a loan. It makes for interesting reading
As the primary lender and also the servicer of the loan we remain in full control with regards to decisions on the borrower and the underlying loan. As the investor, you are investing in the receivable of this loan which is a portion of the interest. We would never extend a loan if we weren't fully confident that the borrower will eventually be capable of repaying.
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bababill
Member of DD Central
Posts: 525
Likes: 243
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Post by bababill on Oct 9, 2014 5:06:32 GMT
Rates are now down to 6% and it can be hard to reinvest the monthly interest.
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