fbpx

Why Bad Credit Borrowers Pay a Higher Interest Rates

Why Bad Credit Borrowers Pay a Higher Interest Rates 1

One of my loans at Lending Club became “31-120 days late” yesterday. This means the borrower is not making his monthly payment, and I could end up losing that money. Since I have 20 active loans, this represents a 5% loss if the loan should default. Curious, I dug a little deeper, and as anticipated, … Read moreWhy Bad Credit Borrowers Pay a Higher Interest Rates