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A comment on Regulators Shut Down Lending Platform (YC Alum) LendUp. Parent comment

Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by zozbot234 on Wednesday December 22, 2021 @05:16PM (#29656191)
> Say I live paycheck to paycheck

Well, that's your problem right there. Unless you have routine access to spending opportunities that yield more than 36% in yearly returns, which I'm going to assume is pretty unlikely.

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Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by baq on Wednesday December 22, 2021 @05:55PM (#29656558)
‘Stop being poor’ is the usual advice given in that predicament.
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Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by dools on Wednesday December 22, 2021 @09:39PM (#29658039)
Don’t lean weird
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Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by renewiltord on Wednesday December 22, 2021 @05:42PM (#29656437)
The easiest way to yield that kind of return is aborting on pre-committed spending. In fact, that's the way the poor generate this kind of income. If they have $100 for food this month and a sudden expense needs $50, then that means they just go hungry until their budget hits $50 for food this month.

What you do is you starve a day or two and sell your food bank food. Everyone is capable of generating income while depleting from stores.

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