Post
Topic
Board Beginners & Help
Re: Start a lending business
by
Saint-loup
on 28/05/2023, 18:59:16 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
The best way to start, is to build your own reputation as reliable borrower by offering lends without collateral to begin. You can do that by creating your own credit scoring with your own criteria to assess the default risk of each borrower in order to calculate an appropriate rate to offer while making profits or not losing money at least