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
The most important factor is your passion and availability of funds. Since you have both of them, you're good to go. Reputation and credibility are not built in one day. As people start dealing with you, your service will determine the feedback or the rating you get. If you are trustworthy your client will recommend you to other members. Visit the lending board and study their operations. There are also well-established lenders in the forum. Their wealth of experience can be an asset to you. You can identify and reach out for some business advice. They might be willing to give you some important tips or trade secrets of the business. Wishing you a prosperous business.