If I would like to become a private lender in wisconsin, lending my own cash, what is the first step?
Friday, December 19th, 2008 at 3:55 am
Looking For Cash Day Advance Loan Reports
I would like to lend retirement capital and make a little cash. I only want to lend it for small personal loans, and don’t want to become a full fledged bank. can i do this. and if so what are the first couple of steps that need to be taken.
Filed in: Cash Lenders
December 22nd, 2008 at 12:39 pm
People with poor credit feel that it is difficult to get personal loans. However, there are many financial companies and banks that provide loans to bad credit applicants. Bad credit personal loans are generally soughtThe interest rates on secured loans are lower than unsecured loans. However, there is always the risk of losing your house or property if the loan is not repaid.
December 24th, 2008 at 2:15 pm
You want to become a private lender, I’d be a private borrower-:) Can we talk?
December 27th, 2008 at 11:15 am
Go to prosper.com and be a small lender. I have five loans so far. Prosper has plenty of information for you. Why do all of the work? Prosper will check out borrowers and go after them if they do not pay. I get five payments every month for the next three years. Prosper is legit. You will get monthly statements and a 1099 form at the end of the year. It is really neat to see for yourself. Feel free to email me if you wish. No cost to join. You will need at least $50 to bid on loans to get started. I bid at least $125 per loan and want to receive around 15%. Good Luck.