Has anyone tried p2p loans/lending club?

farmasensist

farmasensist

Well-Known Member
I was wondering if anyone has tried peer to peer lending. The idea is someone needs the a loan, so they go to a website such as lending club and get the loan at a rate lower than the bank is offering. Then the company breaks the loan down into $25 shares for investors to buy a part of the loan and get a small part back plus 10-20% interest each time the borrower makes a payment.

I put $100 into it to give it a try. It seems like it's a better use of the my money than letting it sit in a savings account but I don't know, i'd like to see if anyone else has tried this yet. Any advice, success stories, horror stories?
 
Doer

Doer

Well-Known Member
MariJesus said:
What does this have anything to do with Cannabis?
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You don't realized cannabis is totally legal in 2 States in the USA? So, what is up with you?

Businesses need money for start up.

So, how would know what goes here, low post., and why the hell do you care?

Sound like petty power play to me.
 
MariJesus

MariJesus

Active Member
Doer said:
You don't realized cannabis is totally legal in 2 States in the USA? So, what is up with you?

Businesses need money for start up.

So, how would know what goes here, and does, and why the hell do you care?

Sound like petty power play to me.
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It was an honest question. Thanks for jumping on the attack wagon as if I was offending someone. I was just simply curious, I don't see why it's necessary for you to be all butthurt over it.
 
Doer

Doer

Well-Known Member
MariJesus said:
It was an honest question. Thanks for jumping on the attack wagon as if I was offending someone. I was just simply curious, I don't see why it's necessary for you to be all butthurt over it.
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Hey bevis, go soak your head in piss power petty, and you tap dance around. You were out of line...according to Me.

Your "question" was passive aggressive, and out up line. You don't like my comments? Good. Fuck off.
 
Doer

Doer

Well-Known Member
MariJesus said:
This is more what I was getting at, and thank you for responding without an arrogant comment.
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Thanks for your passive aggressive bullshit. When know me better, you will see. I will comment on that. every time I see it.
 
farmasensist

farmasensist

Well-Known Member
There is a sports section, a gardening section, hallucination section which have nothing to do with cannabis. If you want to talk cannabis there is about a dozen sections for it. If u want to troll, go to politics section.
 
Doer

Doer

Well-Known Member
I mean really....thank you. This is the Black Brief Case, forum.

What could that possibly have to do with Cannabis????

Why would he even post a knee jerk comment like that? Looks like 100 post complacency, right?

He got his wedgie, and he don't like it. Not suppose to.
 
MariJesus

MariJesus

Active Member
Jesus Christ, you guys are just a bunch of fuckin assholes, I saw it in the side forum thread unaware it was in the Black Briefcase section, and made an honest question, and then douchebags like you come around wanting to raise a stink out of it. I don't give to fucking shits if you think I was out of line, I know what the fuck my intentions were before I asked the question, and it was for nothing other than an honest question. So fuck off. Asshole.
 
B

bluerock

Active Member
farmasensist said:
I was wondering if anyone has tried peer to peer lending. The idea is someone needs the a loan, so they go to a website such as lending club and get the loan at a rate lower than the bank is offering. Then the company breaks the loan down into $25 shares for investors to buy a part of the loan and get a small part back plus 10-20% interest each time the borrower makes a payment.
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That's an idea I have long wanted to see implemented, but I had thought it to be illegal in the United States. As I recall, it runs afoul of both banking and securities laws, said laws having been designed to prevent lending competition with fractional reserve banks. Is the company you are dealing with USA based?
 
C

cricket101

Active Member
I got an advertisement from them and I'm in the southern US. I guess they are legal, but I am wondering if they are legit. I would love a loan to get me out of debt to evil companies like JPMorgan
 
farmasensist

farmasensist

Well-Known Member
They are out of san francisco and don't do business in a few states because of that local laws. I remember seeing they had problems with the SEC because of some law but they changed something they were doing or might have changed the law. They claim to have funded $3.8 billion in loans so they are probably as legit as JP morgan :/ not sure if that's good or not.
 
charface

charface

Well-Known Member
Ive tried p2p crank.
I have been high on life and meth at the same time.

Its like a poormans speedball.

Still pretty good.
 
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