Expecting some return on the first month
By kingparker
@kingparker (9673)
United States
January 22, 2013 3:48pm CST
I won't say that is the best way to invest my money, but I might as well try it out to see the result of it. As one of my previous discussion I mentioned that I tried out $100 on this peer - to - peer lending website to let people borrow money to consolidate their debt, or do home improvement etc..... There is a higher interest return than deposit in the saving account on your bank. Now, 2 of the loan was approved and issued to 2 borrowers. I expect some money back plus interest on next month, hopefully these 2 borrowers will pay on time, and won't default in the future. One thing I have to be clear, I diversified the investment with that $100, $25 each for 4 different borrowers with different interest rates. I hope it will work out okay.
3 responses
@AgentGulaman (3546)
• Philippines
23 Jan 13
Care to share that site? I am keen on looking at that possibility of earning too. Is it open to other countries as well? Well, money lending business is real part of life and trade. Even risky, many people are profiting from it. I hope to get some experience in money lending through such site that you are mentioning.
@TLilly12 (1229)
• United States
22 Jan 13
I hope you are able, to get the money, that you want to borrow, I don't like borrowing money from online, or from any one else, I just like to come, her online and earn, what ever money that I may need.
@deazil (4730)
• United States
22 Jan 13
I saw an article about sites like that several months ago. If the borrowers don't default, you can make some money back. I hope it works for you. It's a risk but then everything's a risk these days, especially if it involves money. And the risk here is not as great as a lot of other options. Good luck. I hope you come back with an update. I'd like to know how it goes.
