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DYD B-11
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QkmCCMJlBdkfNA |
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| Stolen credit card http://xvedio.in.net/ xvdios
Banks, too, are intermediaries. They make their profits by borrowing at extremely low rates (a deposit, to a bank, is essentially a very low-interest loan from the depositor to the bank), lending at extremely high rates (especially on credit cards), and pocketing the difference. Prosper was designed to effectively cut out the banks and split the difference: Individuals with money would lend directly to people who needed to pay off their high-interest credit-card debt or who needed cash for any of a million other reasons. On the other side of the transaction, borrowers would see their interest rate drop, saving them hundreds or even thousands of dollars a year. Both would benefit, since the lenders would see a healthy return on their investment even after accounting for a statistically inevitable number of defaults. Where banks, running on pure profit motive, would push interest rates up whenever possible, Prosper was built on a more optimistic model: that a community of lenders and borrowers would be able to meet each other halfway, and that borrowers dealing directly with real people would be much more likely to repay their loans than those dealing with faceless banks. |
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Jamal |
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2019-08-23 09:28:44 |
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