PWCC

Lend against collectibles the custodian already holds

PWCC grades, prices in real time, and physically custodies a card collection, so it can extend a line of credit at ~10% interest against ~50% of the appraised value, a far safer loan than a mortgage or paycheck-based bank loan.

“They'll say, hey, listen, your collection's worth $50,000. I'll give you a line of credit because you need to 'buy a house' or something. So I'll give you a line of credit of like 50% of the value of your collection. So I'll give you like a loan of $25,000. And they're going to charge you pretty high interest on that because you can do the loan just for like 1 month or something. So it's about 10% a year interest.”

Steal thisLend only against assets you grade, price, and physically hold, at a deep loan-to-value discount, to make defaults nearly costless.

Earn ~9% lending into a pooled, never-defaulted collectibles loan book

As a lender Jack puts capital into PWCC's pooled loan program, spread across many borrowers, earning ~9% a year; PWCC has run it for 10 years with zero defaults because it can seize and sell the collateral it already holds.

“I put in let's say $250,000 that I'm lending, and PWCC will then spread that across all the loans that they have. And there I get paid like 9% a year interest. That is taxed at ordinary income, so it's the highest tax, so you know, up to 50% interest.”