Forums: Discussions for entrepreneurs and small business.

So far have done two of these, but I have gotten a lot more requests. The ads are free and viewed by thousands of people. But why people seek credit options through CL of all places still confuses me.

I was wondering if anyone else has ever done this or thought about it so we can brainstorm ideas.

I charge 24% interest (288% APR) on a 30-day unsecured loan. Much better returns than what I'd get in a mutual fund.

Eventually I'll move into lending on real estate once I build my bankroll large enough.

I can get access to 100k, but right now I'm just learning the ropes.

 

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Just invest it in some functional pyramid scheme at 40%+/month.  The risk is way lower than investing in people.

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Lol, no thanks. I don't care to lose my money to some scam mlm. 

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Well loan #1 failed to pay and the second load I gave is due sunday. 

You can read more about my experience here if interested.

http://www.tumblr.com/blog/privatemoneymillions

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