cambist

[Shnorkiller]

Has anyone had any experience with cambist? Saw a tv ad promising something like 24% interest p.a.

Their website seems pretty legit but it all looks a case of something being too good to be true.

Interested to hear any feedback or stories about these chaps.

 

[fonoi]

Has anyone had any experience with cambist? Saw a tv ad promising something like 24% interest p.a.

Their website seems pretty legit but it all looks a case of something being too good to be true.

Interested to hear any feedback or stories about these chaps.

I had a quick look and it seems they are buying bad debt and selling it to you, I am not sure that this is the safest way to make money but yes on risky transactions like this the interest would be high.

If you need a high risk investment in your portfolio, then you could add this be sure to limit the amount to a small percentage of your total portfolio based on your risk/returns of your current portfolio.

I would not recommend this based on what I have read.

 

[themba990]

too good to be true.

Then it probably is

 

[guest2013-1]

I had a quick look and it seems they are buying bad debt and selling it to you

Looks like people haven't learned a thing from the recession

 

[MongooseMan]

Run away....

http://www.moneyweb.co.za/moneyweb-investment-insights/bad-springbok-endorsements-cost-investors