Building a Canadian loan marketplace, with Vlad Sherbatov (Smarter Loans)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 16 March 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

This whole show is built on the premise that lending money is a tricky endeavour, but, let's face it, borrowing money can sometimes be easier said than done, too: instalment or revolving, secured or unsecured, long-term or short-term, monthly cost versus APR, affordability versus need, etc.

There's a lack of transparency and a lack of knowledge. "And when there is a lack of knowledge, there is a lack of trust, and as long as there is a lack of trust, there's always going to be a hindrance to the advancement of the industry" says Vlad Sherbatov, President & Co-Founder of Smarter.Loans - helping Canadians discover top loan providers for any credit purpose.

Head on over to https://smarter.loans/ to see what's there, or https://smarter.loans/videos/ for a wealth of lending content.

Or get them ont he socials, they're big on TikTok (at https://www.tiktok.com/@smarter.loans?lang=en), YouTube (at https://www.youtube.com/c/SmarterLoans) and Instagram (at https://www.instagram.com/smarterloans/?hl=en)

We also discuss the Canadian Lenders Association, that's over here: https://www.canadianlenders.org/

You can learn more about me on my LinkedIn page, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you would like to participate in the show, reach out to me at https://www.howtolendmoneytostrangers.show/contact-us

Regards, Brendan

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

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Transcript

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0:00.0	Diversify your investments, they say.
0:02.0	Know your unicorns from your zabras, your Nasdaq, from your Nikke.
0:05.5	Thankfully, diversity doesn't have to be difficult.
0:08.3	With one simple investment, F&C Investment Trust gives you access to 400 of the world's best companies
0:13.9	and a dividend that's grown for 50 years.
0:16.2	Visit fnc.com.
0:17.8	It's smart to start with F&C.
0:19.9	Capital is at risk and you may not get back the amount invested.
0:22.4	A group by Columbia 3D Management Ltd. on the 1st of the 2nd, 23,
0:25.5	although rising regulated by the financial conduct authority,
0:28.0	there is no guarantee that dividends will continue to grow.
0:33.0	People don't know an installment loan-ess.
0:35.3	They don't know what the actual cost of a loan is sometimes.
0:39.3	The whether it's a paid new loan or an installment loan or a home equity loan, that's what I'm so forth.
0:43.6	And when there is a lack of knowledge, there is a lack of trust.
0:46.6	You know, and as long as there is a lack of trust,
0:48.9	there is always going to be hindrance to the advancement of the industry.
0:53.2	15 years ago, my best mate and I were in San Francisco.
1:00.1	Having just pitched at the Social Entrepreneurship Awards,
1:03.1	where I met Provincina from episode 15, we had some time to kill
1:07.4	and were looking to do some side-seeing.
1:09.6	So we jumped onto the internet and searched for rental car options.
	...

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