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THE RATE FIX was created to solve a problem by helping individuals earn a higher rate of return on relatively small amounts of money.

What’s the problem?

Most individuals are losing money every day.

How’s that?

Any funds an individual may have in a savings account, checking account, money market account,  or a “Certificate of Deposit”, are most likely losing money.

What’s causing the problem?  

Low interest rates.

Individuals are earning historic, or near historic low rates on any funds placed with a bank, credit union, or even online resources.  

Rates are so low, they’re even lower than today’s supposedly “low” inflation rate of approx. 2%.  The estimated 2% inflation rate means that in a year, the average cost of goods and services will be higher. So, a “basket of goods and services” that costs $2,000 today, will cost $2,040 in a year.

The “cost of living” that $2,000 will cover now, will cost $40 more this time next year. (Assuming the estimated inflation rate mainstains a constant level over 12 months.  This rarely happens in real life, as the rate of inflation can move up or down, or up AND down, during any 12 month time-frame.)

If you have  $2,000 in a bank Certificate of Deposit (the minimum amount required to open a “CD” at some banks or credit unions) earning .03% now, in a year, you will have $2,000.60.  

That $2,000 earned just 60 cents in a year!

You just lost $39.40 in “buying power”.  So people are actually losing money when compared to the annual rate of inflation.

Enough is enough.  

Individuals need to earn a higher rate on their funds.

Individuals need to earn a higher rate not only to “keep up” with inflation, but people need to “get ahead” of the rate of inflation.

THE RATE FIX is designed to fill that need.

(In a year, $2,000 placed with THE RATE FIX @ 6.300% would grow to $2,126.  A gain of $86 over the impact of 2% inflation.) 

Earn 6.300%.

How can I offer such a high rate when banks are offering rates well below 1% and credit unions are offering rates below 2% and some online resources are offering only 1.24% on their 9-month Certificates of Deposit? 

Sounds too good to be true right?

Am I using borrowed funds to: 

• Purchase a profitable “fix and flip” real estate deal?
• Buy a bunch of Bitcoin or some other “crypto-currency”?
• Buy stock in the latest “can’t miss” internet start-up?
• Taking the money to Las Vegas and doubling the money with the latest “Beat Vegas” gambling idea? 

No.   

What I’m doing is really not very exciting.  Actually, it’s pretty boring.

But it’s really simple. 

I’m looking to individuals to lend funds to pay-down, and eventually pay-off a line of credit. 

Not boring enough?   

That line of credit is being used to pay off student loans. (Be still my heart, right?) 

The line of credit interest rate is 6.300% 

You may be asking yourself,

“So, why bother paying off a line of credit with borrowed funds at the same interest rate?”

Good question.  

The corporate debt is less than $4,000.  Hardly enough to go to all this time and effort for no net financial gain on my part. 

However, there are a few benefits for doing this:

• Gives individuals an opportunity to earn up to  7.250% with small amounts of money. 

• This simply shifts debt payments from going to some corporate giant to individuals. The monthly payments are going to be made anyway, the idea is to shift payments from the credit line to individuals.   Why not give people who know me the chance to earn 7.250% 

• This process can serve as a “proof of concept”, or a way of  “testing the waters”. Simply, a way to put this business idea “out there”.  As if to say, “Look.  Here’s what I’m doing.  Here’s my idea.  Here’s the benefit to you.  Here’s how much (or how little) money you need to get that benefit.  Are you interested?”

STEP ONE 

This is only “Step One” to see if there’s enough interest on the part of enough individuals to pay this initial $3,600 off.

If so, we can move on to “Step Two”.  (I won’t bother sharing “Step Two” until “Step One” is complete.  No need to “pile on” more information about something that may not happen.) 

If there aren’t enough individuals interested in earning 6.300% through this little  idea, then, oh well.  No harm, no foul – and I learned a few things in the process.

With Less. 

You can get started with just $1.   

I have an eventual minimum of only $100, but you can if you wish, work your way up to that in a series of “steps”.   

You can make loans of less than $100, up to 20 times if you want to.  Not a problem.

I get it.   

THE RATE FIX is a new idea few people have heard of, with a very limited history.  But with this idea of allowing lenders to start with just $1, people can get started and try us out, without risking a lot of money. 

Faster.

I’m asking individuals for a time commitment of at least 5 months.  

However, your loan should be paid back sooner than that.