Post
Topic
Board Lending
Re: Looking for investors (Decent returns)
by
riso2015
on 29/10/2014, 02:03:31 UTC
Again the rate is not guaranteed only projected.

Ok, I have included that fact in the feedback.   Undecided

If you could make that much money, why would you borrow from and pay strangers such unsustainable rates?  Get a bank loan, use your own money and keep 125% more profit.

Well because getting a loan from an actually bank is a pain in the ass at my age, even though I work for Bank of America.  This just seemed like a reasonable way for me to get enough coin in one place to turn a profit. The investors would make money, I would make some money, and people would have easier access to loans (with proper collateral).

Started this with good intentions :/

Also could you fix where it says 125% per year in the feedback? Its only 80% per year the interest isn't compound so we don't go anywhere close to that number.