Ever lent money to someone online? Profitable?
People are turning more and more to online lending exchanges. See: http://www.latimes.com/business/la-f...6483352.column If you've done this, what is the default rate? What % is the ROI? Legal issues?
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not done it yet...
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I lent someone 200 and got 300 backComment
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I have loaned small amounts money through Kiva. But it was more about helping someone out than making a big profit.
http://kiva.orgComment
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the best ones only give you 10% return a year, which based on the risk, isnt worth the exposure imo..Comment
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it's more headaches than it's worth...
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I am still waiting on payment from one of our Dutch friends. I guess he decided to scrap his adult ventures.Comment
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NiiiiiiiceComment
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cant say its on my plans but ive seen it work for some peopleComment
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this thread title makes me think of those paypal to epass exchanges, lol...Comment
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Lending money to personal friends is hard enough... Would never do lend to someone I don't even know personally
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