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Questions about lending
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Despite the chaos that is currently plaguing the system, I'm considering becoming a lender if it ever gets back up and working. I just have some questions for those with experience
Please only answer based on your experience when the app was working properly, try to leave any ill feelings from the past couple of weeks out of it
- Are defaults common, and how are they handled? Is it a total loss to the lender or does solo take some of the blow?
- Can you briefly explain the funding/payout process (I think I have a general idea I just want to check)
- What would you say your average return is?
- What is the average turnaround time from funding a loan to receiving payment
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- 9 months ago
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