Why take out $17000, to put $10000 in savings ? I cannot believe the saving interest rate is better than the loan interest rate.
I missed this. I agree it sounds questionable. If the savings rate or acorn interest rate were better choices, the person writing the loan would not do so, they'd simply tuck their money into savings or acorn. This raises questions about other motives or the "shady people" he says his wife is involved with.
