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I stay away from some... Posted by Scott Paterson [Email] (#13) [Profile/Gallery] (more from Scott Paterson) on Wed, 17 Aug 2022 08:53:37
In Reply to: Re: Percent - Private Credit Markets, DE [Profile/Gallery] , Tue, 16 Aug 2022 14:22:02 Members do not see ads below this line. - Help Keep This Site Online - Signup
There are two that I stay away from. Anything that has anything to do with crypto is out. Secondly, there is a newer offering (1st one in July, 2nd one in August) for loans to GIG workers. The interest rate was 14.25% but I was not confident that sole proprietors and self-employed were a solid bet. The August offering is already 124% over-subscribed. It made me go back to the July offering and download the 'Survellience Report'. This did not instill confidence in me. Only 57% of the borrowers are current with their payments and that's in the very first month of an 8 month loan. Yikes!
However!! Percent is very careful about what they accept regarding offerings to the site's investors too... and they are offering and second GIG offering already. I'm new to this.
Like I said, I've had 15 of my 22 complete already with 7 still active.
_______________________________________ Saabnet.com Webmaster Saabs Owned: 1973 Saab Sonett III (Current) 1983 Saab 900 Turbo 1985 Saab 900 Sedan 1990 Saab 900 1992 Saab 900S 1999 Saab 9-3 Turbo 2005 Saab 9-2X Aero (RIP 95K/Accident-guy ran stop sign) 2005 Saab 9-2X Aero (Current) 2007 Saab 9-3 SportCombi 2010 Saab 9-3X Wagon (Wife's Current) Winner 1996 Saab Owners Convention Rally Novice Class Winner 1999 Saab Owners Convention Rally (All Classes) Also Founder of two non-profits: Poverty2Prosperity.org RunClubMenloPark.org
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