Money Lending websites
#1
Money Lending websites
Has anyone had any experience of using money-lending websites? I am considering dipping my toes into it as a lender, given the pitiful interest rate banks can offer currently.
On the face of it, it seems to be a good, ethical alternative to using banks, and if you can stomach the risk you can get superior interest rates compared to high-street banks (6%+)
I can't see the downside!? Borrowers get a decent rate, lenders get a decent rate, everyone's a winner?
On the face of it, it seems to be a good, ethical alternative to using banks, and if you can stomach the risk you can get superior interest rates compared to high-street banks (6%+)
I can't see the downside!? Borrowers get a decent rate, lenders get a decent rate, everyone's a winner?
Last edited by ReallyReallyGoodMeat; 26 October 2012 at 05:46 PM.
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