SharePay

SharePay is the first investment firm that allows you to invest directly into the largest micro lending firms.

Allowing you to access bank level returns on your capital.

10/25/2021

What is Microlending?

The Facts:

Short-term investments in the P2P lending space can be referred to as microloan investing. Microloans (also referred to as payday loans) are short-term loans with a duration typically between a few days and two months. The majority of the microloans have a loan maturity within 60 days and the loan amount is usually between $500 and $2500, depending on the country and the loan provider. The annual percentage rate of microloans (APR) is typically between 150% and 900%.

On tomorrows post we will breakdown the Pros and Cons of Micro Loan Investing.

10/20/2021

Here are the top 5 reasons to invest your money:

1. Grow your money

Investing your money can allow you to grow it. Most investment vehicles, such as stocks, certificates of deposit, or bonds, offer returns on your money over the long term. This return allows your money to build, creating wealth over time.

2. Save for retirement
As you are working, you should be saving money for retirement. Put your retirement savings into a portfolio of investments, such as stocks, bonds, mutual funds, real estate, businesses, or precious metals. Then, at retirement age, you can live off funds earned from these investments.

Based on your personal tolerance of risk, you may want to consider being riskier at a younger age with your investments. Greater risk increases your chances of earning greater wealth. Becoming more conservative with your investments as you grow older can be wise, especially as you near retirement age.

3. Earn higher returns
In order to grow your money, you need to put it in a place where it can earn a high rate of return. The higher the rate of return, the more money you will earn. Investment vehicles tend to offer the opportunity to earn higher rates of return than savings accounts. Therefore, if you want the chance to earn a higher return on your money, you will need to explore investing your money.

4. Reach financial goals
Investing can help you reach big financial goals. If your money is earning a higher rate of return than a savings account, you will be earning more money both over the long term and within a faster period. This return on your investments can be used toward major financial goals, such as buying a home, buying a car, starting your own business, or putting your children through college.

5. Build on pre-tax dollars
Some investment vehicles, like employer-sponsored 401(k)s, allow you to invest your pre-tax dollars. This option allows you to save more money than if you could only invest your post-tax dollars.

SharePay – Put your money to work like a bank! 10/19/2021

Is debt consolidation part of your financial plan? There are plenty of benefits, such as a defined timeline, lower payments, and helps improve your credit score.

We share everything you need to know about debt consolidation in our ebook. Check it out at www.sharepay.co

SharePay – Put your money to work like a bank! We loan these funds to our payday lender partners, who loan these funds out to credit worthy individuals (Banks do the same thing, they take the money out of your accounts, lend it to people at a higher interest rate and pay you 0.05% on your savings balance).

'Canadians deserve better': Experts decry 'outrageous' interest rates by alternative lenders | CBC News 10/18/2021

Thank you Jeannie Ann Stiglich, Jenny C. and Charlsie Agro of CBC for tackling predatorial lending!

There are numerous reasons for this phenomenon from difficulties in assessing the creditworthiness of borrowers, financial education, the cost of retail networks, high institutional costs for capital, and regulation.

At SharePay we are tackling all of these to create a new responsible option for everyone, beginning by asking a simple question… how will this loan help the borrower? Many people are using Sharepay to refinance their high cost loans from alternative lenders, allowing them to save thousands while getting out of debt faster.

We do this by eliminating the retail network, introducing AI and innovative technology to better assess risk, and by sourcing lower cost capital from a consumer peer-to-peer network. In turn granting everyday Canadians access to a new asset class, with low correlation to traditional investments, and therefore an excellent diversification option.

https://www.cbc.ca/news/canada/alternative-lenders-marketplace-1.5891676?fbclid=IwAR3_VxJVvprNrO_hpPpGsm6509X1omHDdwDOlhWsUxhM4vR5Vc8PcgghFoA

'Canadians deserve better': Experts decry 'outrageous' interest rates by alternative lenders | CBC News A CBC Marketplace investigation into alternative lenders reveals ”outrageous” interest rates, misleading details about the true cost of long-term loans, and what experts call “abusive” practices and an industry that is “almost like loan sharking.”

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