A 15% Guaranteed Return? Lending on the Fringes of Finance

Money For the Rest of Us

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4y ago 26:49

MP3•Maison d'episode

An analysis of the returns and risks of different lending platform options including asset-based lending, unsecured peer-to-peer lending, cryptocurrency lending and a cash advance company that promises to pay a 15% annual percentage yield.

Topics covered include:

U-haul Investors Club and other asset-based lending options
DriverLoans Investor Club that promises a 15% guaranteed return
BlockFi - cryptocurrency lending with yields over 8%
LendingClub and why returns are only 4% to 5%
The economics of cash advance and payday loan lending businesses

Thanks to LinkedIn and Aspiration for sponsoring the episode. Text the word David to 64000 to open an Aspiration Save and Spend Account.

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