Originally Posted by
lulabell79
I don't borrow, but just wondering... Why wouldn't you offer the lower interest rate to the ones who have proven they're dependable and paid as agreed & on time and charge the higher interest rate to new borrowers? The good borrowers should not have to be penalized for some slacker's bad debt.., nor should your risk be the liability of the ones who have proven themselves. You could also be more strict about eligibility requirements for new borrowers....like requiring references or have them show you their history of earning points to ensure they can pay you back even if they lose all the borrowed points in the client. Just some ideas ... because it doesn't seem fair to the ones who have proven themselves as good borrowers.