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Old 08-02-2009, 12:54 AM   #1
$5 submissions
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:2cents 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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Old 08-02-2009, 02:58 AM   #2
bbobby86
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not done it yet...
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Old 08-02-2009, 05:52 AM   #3
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I lent someone 200 and got 300 back
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Old 08-02-2009, 06:09 AM   #4
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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?
never and don't plan
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Old 08-02-2009, 06:13 AM   #5
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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.org
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Old 08-02-2009, 06:30 AM   #6
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the best ones only give you 10% return a year, which based on the risk, isnt worth the exposure imo..
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Old 08-02-2009, 07:15 AM   #7
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it's more headaches than it's worth...
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Old 08-02-2009, 07:46 AM   #8
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if it's large sums then it's worth getting interests on
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Old 08-02-2009, 08:16 AM   #9
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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.
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Old 08-02-2009, 02:20 PM   #10
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Niiiiiiice
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Old 08-02-2009, 03:20 PM   #11
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cant say its on my plans but ive seen it work for some people
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Old 08-02-2009, 08:32 PM   #12
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this thread title makes me think of those paypal to epass exchanges, lol...
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Old 08-02-2009, 08:49 PM   #13
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it's more headaches than it's worth...
My thoughts exactly. I'll spare the details.

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Old 08-02-2009, 08:56 PM   #14
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My thoughts exactly. I'll spare the details.

Same here, been lending out a lot. And even IF i got it back, it was after kicking their asses multiple times a day.

Most of the times it was more like: Yeah tomorrow im gonna pay back, really.

Yah..
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Old 08-02-2009, 08:57 PM   #15
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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.org
A Kiva lender would know that there is 0 profit. You get back what you lend, and that's it.

0 profits.
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Old 08-02-2009, 10:56 PM   #16
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it's more headaches than it's worth...
Got it. I bet collecting is a major hassle.
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Old 08-03-2009, 12:21 AM   #17
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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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Old 08-03-2009, 12:34 AM   #18
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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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Old 08-03-2009, 01:24 AM   #19
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lending money is a real pain in the ass. There is no way I would risk this kind of investment
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Old 08-03-2009, 03:04 AM   #20
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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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