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Does lending through an app actually pay off or do defaults wipe it out?

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My warehouse job cut my overtime almost nothing this quarter. the checking account has about $600 doing absolutely nothing. Keep seeing these peer-to-peer lending mentioned as a way to lend that out and earn something instead of letting it sit. Does the math actually work once you factor in people who don't pay back, or is this one of those things that sounds better the it is?

submitted by /u/Far_Charity_6066
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