Using my good credit to get a low interest rate loan from LendingClub...

[transistor]

in order to lend back at high interest rates on LendingClub?

I'm earning over 17% on the loans I've given out. With my good credit, I could probably borrow at under 6.5%.

Bad idea?

 

[thesanchez]

in order to lend back at high interest rates on LendingClub?

I'm earning over 17% on the loans I've given out. With my good credit, I could probably borrow at under 6.5%.

Bad idea?

Depends on your default rate..

 

[Ben89]

Depends on your default rate..

This. How much of those loans you've given out have defaulted?

 

[Paper_Chase]

Loan arbitrage, I like it.

 

[mituozo]

in order to lend back at high interest rates on LendingClub?

I'm earning over 17% on the loans I've given out. With my good credit, I could probably borrow at under 6.5%.

Bad idea?

Why not borrow else where at considerably less than 6.5% if you want to take this approach?

 

[robbie222]

I think it would be too risky considering you will have to go after those high interest loans and the taxes will eat your profits since you can't write off the interest from those LendingClub loans.

Stick with lending your own money.

 

[danke]

Learn all you can about positive carry.

Positive Carry financial definition of Positive Carry. Positive Carry finance term by the Free Online Dictionary.