A Humane Lender For Those With Credit Problems

I want to tell you an uplifting story this morning. One of my fellow Tulane graduates is Todd Schwartz. He caught my attention when he made a $5 million donation to Tulane. I decided to in-depth and find out more about this man. He is the CEO of a company named Opp Loans or Odd Fi. Here is a link to the company: https://www.opploans.com/ Some companies offer credit facilities to consumers with bad credit and related problems. They are called "payday lenders." These companies are predators who charge up to 30% monthly interest rates. Todd decided to serve this market humanely and differently. He offers loans to people at reasonable interest rates. His goal is to rehabilitate the borrower. I was amazed to see that Todd used this humane money-lending system to make money for his company and its shareholders. His quarterly earnings consistently exceed expectations. I ran the company through my stock screener at Charles Schwab. His shares got an "F". I loved Todd's business model so much that I ignored the bad recommendation. I invested in this company. As of this morning, it is the best-performing share in the portfolio. OPFI is "up" 27%.