ilmscore | Prediction Details
"so they say their average return their average interest rate is 14% so this is the money the borrowers are going to pay to borrow money now out of this 14% you're not going to get all this money because some people are just not going to pay their loans and other people are going to pay their loans off early if you pay a loan off early you pay less interest so this is less interest than you get so they say to apply an 8% factor of loss either from people not paying their loans or from people paying off their loans early and then they apply another 1% fee for their commission now as after these fees you are left with something like a 5% return"
By Minority Mindset | January 28, 2024 | Pending
From video
How To Start Earning Passive Income With JUST $1,000 (Step-By-Step) 00:15:57 - 00:16:33
Interpreted Prediction
Peer-to-peer lending platforms report an average interest rate of 14%, but after accounting for an 8% loss factor and a 1% fee, the net return is approximately 5%.

Prediction Details

Topic
Peer-to-Peer Lending Returns

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