Let's talk about peer-to-peer lending!!

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Let's talk about peer-to-peer lending!!

Vomik: Jul 29, 2003; This post is dedicated to the brave Mujahideen fighters of Afghanistan

LorneReams posted:

Random strange fact I've learned, borrowers who go one payment past due, but pay late repeatedly, are better credit risks then someone who never goes delinquent at all.

I assume you mean more profitable rather than better credit risk? That would line up with what I know that the risk-adjusted return is higher for lower credit classes generally. Basically meaning that the market rate increases more quickly than the default rate.

Otherwise you'd have to explain, because someone who never goes delinquent is, by definition, never going delinquent.

# ¿ Nov 19, 2013 04:20

Adbot: ADBOT LOVES YOU

# ¿ May 5, 2024 13:58

Vomik: Jul 29, 2003; This post is dedicated to the brave Mujahideen fighters of Afghanistan

nickutz posted:

Yeah company rules but pretty common among broker dealers. Employees are allowed to open outside accounts only on eight or ten approved trading platforms like Fidelity or MerrillEdge. I don't ever see my company approving LC or Prosper. Not because of competition, but these approved platforms send my trades to my compliance department.

For what it's worth though I was just at a JPMorgan asset management conference this week and they see this p2p lending as one of the next big things in the investing world.

That last paragraph is like a massive red flag that says get out now.

# ¿ Jul 11, 2014 21:27

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Let's talk about peer-to-peer lending!!