Thursday, April 5, 2018

People Helping Each Other (PHEO Loans)

A crowdsourced loan site where it's payday loans but the terms are clear up front and the capital is taken from people who have small accounts and is then managed by a firm.

So the price might be 50% interest but the 30% is used to manage the loan and manage the portfolio of loans the the 20% is returned to the investor.

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