Money Lending Business

[Hate2Wait]

Many people have this money lending business and they charge interest on money lended as per their requirements so they earn good money from it although these are less popular now.

 

[Magnus2022]

Money lending business is profitable but human beings do default most of the time. To collect proceeds of loans is a tough job. Sometimes, it may lead to litigation and other unnecessary distractions. Some business is better remain ascit is.

 

[Sanjeev]

But this business is not good as everyone cannot be trusted. Sometimes the person who borrows money runs away, taking away the money.

 

[eldavis]

I know and have heard about some persons who are into the money lending business but personally i dont think i would be interested in going into this kind of business. The stress alone of getting does you have given out your money to can be really stressful most times.

 

[Shavkat]

In my country, there are a lot of lending agencies that the locals can loan from them. However, the interest is too high but people still take their chances with them.

 

[Bisolami]

Many people have this money lending business and they charge interest on money lended as per their requirements so they earn good money from it although these are less popular now.

I don't think this is a good business. I have read different experiences of the lending firms that people do not always like to pay their loans

 

[cherry123]

Many people have this money lending business and they charge interest on money lended as per their requirements so they earn good money from it although these are less popular now.

This is a very risky business to me. because trust humans to want to runaway with your money. it is one business I can't try

 

[Sanjeev]

This is a very risky business for me. because trust humans want to run away with your money. it is one business I can't try

That's what I feel too. Not everyone can be trusted. You cannot lend money to anyone. You should have some security.

 

[Starmix]

I hate money lending services, they surcharge borrowers if missed to pay in a month. It helps people but it also ruins good feelings.

 

[cherry123]

That's what I feel too. Not everyone can be trusted. You cannot lend money to anyone. You should have some security.

That's the truth. I don't know but I wouldn't want to do this business. it is risky to me

 

[Hate2Wait]

This is a very risky business to me. because trust humans to want to runaway with your money. it is one business I can't try

It will be tough for people that don't have any support but those with support and power use this business to earn big

 

[cherry123]

Lending money for interest csn be vety interesting as I see hsppens here but you must be very careful too.

 

[averygirl]

I would love to try this business but only with close people to me and not strangers. I think I will start this business and promote it in Facebook. There are loan apps here but they all look like scams

 

[Hate2Wait]

It's a risky business because many times people don't repay back so you need to see how will you recover back

 

[rubesh]

Many people have this


That is true. Many people still have money lending businesses, and they do charge interest on the money they lend. However, with the rise of banking services, these traditional money lending businesses have become less popular. Still, in some parts of the world, such services are essential, especially where banking services are scarce or unavailable.
money lending business and they charge interest on money lended as per their requirements so they earn good money from it although these are less popular now.

 

[Hate2Wait]

These days its taken over by private finances and they have their recovery team to recover the funds

 

[Bisolami]

It will be tough for people that don't have any support but those with support and power use this business to earn big

You are very right but at the same time money lending business is not very easy because some people tend not to pay back the money that they are borrowed

 

[cherry123]

I would love to try this business but only with close people to me and not strangers. I think I will start this business and promote it in Facebook. There are loan apps here but they all look like scams

Even with close people be very careful with your money. You can't just trust anyone with money

 

[Kennysplash]

It is actually a good way of helping out people that need it. But just make sure you have enough information you need about the person you are lending money.

 

[cherry123]

It is actually a good way of helping out people that need it. But just make sure you have enough information you need about the person you are lending money.

This is one risky business to do but all businesses come with it's own risk though one just have to be careful.