Online lending has been a controversial topic over the past few years. And with good reason. The industry, led by well-known names such as Fundbox, Balboa Capital and Lending Club, frequently comes under fire – justifiably so – for the very high interest rates they charge on the loans they offer. When I say high, I mean … high. Like as much as 99% annually, depending on the financing provided. And no, I’m not kidding.
Uh here come the circling vultures!!
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