I was browsing notes just now, in some of those F and G notes, I just don't understand why some people who have an interest rate of 15% for their credit cards, are willing to pay 22-23% to lending club to consolidate their debt? Isn't it weird, and a lot of them get their funds really fast.
I just don't understand, or am I missing something. Please, someone kindly explain, I am still new in is.