Post
Topic
Board Beginners & Help
Re: Start a lending business
by
avp2306
on 24/05/2023, 10:17:05 UTC
I would like to become a lender like others on this forum, but as you can see from my account, I don't have the necessary credibility to operate like others.
I have the capital to lend, but it is normal that with such a low-level account, those wanting loans are worried about the collateral scam.
Are there any other ways to get started?

Do you think I can act as a lender by leaning on another user who escrow and who holds the collateral?


Any suggestion to start this business is very welcome.
Thank you

Since you are newbie its good to have reputable escrow that can handle the collateral especially if the provided asset by the borrower is expensive asset. But you also need to consider the reputation of the borrower since there are also people who intent to default on their loan since some of them maybe want to quit in this forum and just want to get something to other forum member.

Much better if you go on lending section then see the threads of existing lender to see how they work with their lending services.