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As of February 2018, the average annual percentage rate on a two-year personal loan from a commercial bank was 10.22%, according to Federal Reserve data for the first quarter of 2018. While that might not sound too bad, some personal loan companies offer loans with an annual percentage rate of up to 36%.
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I knew a California guy in Las Vegas he ‘owned’ three condos in the building I was renting in. He had "flipped" 20+ houses and when the whole ponzie scheme fell apart in the summer of 2007 he mailed the keys into the bank who held the mortgages with 5% down on the 3 condos and walked away a multi-millionaire having won 17 times and only lost the final 3 times.
The joy of redlining: Why I never lend money to Florida LendingMemo The redlining may be very conservative attitudes about lending, despite the willingness of lenders to give people with no money the keys to mini-mansions. Centes like this one (including at least one of the two I mentioned in.
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In, The Joy of Redlining: Why I Never Lend Money to Florida, Cunningham wrote "folks from Florida are [.] For investors, geographic discrimination in marketplace lending is not only a possibility, it’s a privilege and a joy Two years ago, LendingMemo’s Simon Cunningham openly boasted about his exclusion of Florida borrowers from his marketplace lending strategy.
3 outside-the-box alternatives for home buyers in a tough housing market – Businessdaylight 3 outside-the-box alternatives for home buyers in a tough housing market – Businessdaylight 3 outside-the-box alternatives for home buyers in a tough housing market. house hunters willing to think outside the box. to encourage more supply and lending into the housing market, the.
The joy of redlining: Why I never lend money to Florida LendingMemo Premium investor articles on the topic of peer to peer lending at sites like Lending Club or Prosper.. The joy of redlining: Why I never lend money to Florida.. LendingMemo Media is affiliated with both Lending Club and Prosper.