Rainfin

Havent used it, but the concept has been used with much success in Europe. How this will translate into the South African market is unsure with the average credit ratings of the local people. There is a lot of money to be made in borrowing money but the risk is also substantial. Even a clear credit history does not count for much in an environment where you can bribe someone into deleting your credit history at the credit bureax's.
 
Also now looking at investing about 500 for a start but I dont know if I should take the risk like Dakeyras says, it does not count for much so right back at sqaure one.
 
Hmmm,
If I understand this site correctly its a one on one lending agreement.. I've seen an overseas site where u buy tickets so no all ur money is with the same person, if one person doesn't pay u may loose one or two tickets, but not your whole principle amount. Would never do it direct with one person.

http://www.lendingclub.com/public/how-peer-lending-works.action
 
Last edited:
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X