17-05-2018, 12:57 AM
Hi,
I am new to the mintos platform. I can see loans available with Mogo which have a buy back guarantee. Some at 14% for personal loans, and some at 8% car loans. If these all have a buyback guarantee what is the downside of going for the better paying loans (of course there is the platform risk of Mogo going bankrupt) but assuming that Mogo doesn't go bankrupt this would seem to be a no-brainer to go for the higher paying loans. What am I missing?
Thanks,
Jason
I am new to the mintos platform. I can see loans available with Mogo which have a buy back guarantee. Some at 14% for personal loans, and some at 8% car loans. If these all have a buyback guarantee what is the downside of going for the better paying loans (of course there is the platform risk of Mogo going bankrupt) but assuming that Mogo doesn't go bankrupt this would seem to be a no-brainer to go for the higher paying loans. What am I missing?
Thanks,
Jason