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Comment from: Peer Lending Advisors [Visitor]
Peer Lending AdvisorsI'm a big fan of Peer-to-Peer Lending, but Peer-to-Peer pawnbroking doesn't make a lot of sense to me. The best part of Peer-to-Peer Lending is the superior, Prime credit. Dealing in Pawnbroking includes subprime credit and lots of collections - not something that Peer-to-Peer is set up to do well.
04/07/13 @ 05:06
Comment from: FundingSecure [Visitor]
FundingSecureHi. I believe peer to peer lending can be adapted to many forms of borrowing, pawnbroking being one of them. It is subprime credit, I will agree. However, we take control of the asset, i.e, it is transported by us, professionally valued by our experts and stored in our secure units. So there’s no real collection process other than auctioning the asset. Pawnbroking is another form of a secure loan which protects savers’ investments and earns them a decent return. Presently our borrowers are setting interest rates for savers between 10%-13%. And with zero fees being charged by us, we think that’s a good return.
11/07/13 @ 14:58