Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by cesarb on Wednesday December 22, 2021 @05:51PM
(#29656524)
> If a loan is so risky that it requires greater than 36% interest, it should not be made.
Playing devil's advocate: it depends. When I was younger, there were times when, if you lent money at only 36% per month interest, you'd be losing money. You'd have to lend at rates higher than that, just to break even, no matter how low the risk was.
Playing devil's advocate: it depends. When I was younger, there were times when, if you lent money at only 36% per month interest, you'd be losing money. You'd have to lend at rates higher than that, just to break even, no matter how low the risk was.