answer the following questions and provide a link of a site that supports what y

Question 1:

Where did online lender Payoff Inc. secure $250 million of debt financing?

Question 2:

How can Payoff make a profit by lending people money to pay off their credit-card debt? What is the risk of this strategy?

Question 3:

Why do you think Payoff sees itself as more of a wealth-management firm than a lender?

Question 4:

How is Payoff attempting to differentiate itself from its competitors? Do you think this will work? Why or why not?

……………..Answer Preview……………

Question 1: Where did online lender Payoff Inc. secure $250 million of debt financing?

From the investment firm Eaglewood Capital Management

Question 2: How can Payoff make a profit by lending people money to pay off their credit-card debt? What is the risk of this strategy?

By giving these people unsecured loans, they are likely to jump overboard. At the same time, loan Payoff is offering loans at a lower interest rate………….

APA

245 Words