Private loans?? Please tell me...

xenial174 · Tue Jul 12, 2016 11:53 am

Anyone familiar with private loaning? I've come actors several websites that offers private loans in my area/country. My friend told me to use: https://moneybanker.com and i checked the website out and found that their rates maybe were a bit high? Should i Consult a professional or just wait till i get a better offer.

Also is it wise to do online??

Thanks anyway have a nice day!!

Mcool_88 · Fri Aug 05, 2016 2:11 pm

I would say be careful with online loaning markets, it sure is a loyal website https://moneybanker.com/, but keep an eye on the rates when you go online to do it. I would always credit union first and foremost, but there are some good online markets out there who are loyal and will help you find the best loan for you, but only do it, if you have control over your finances, so that it will not take a toll on you and go over your head, so that you in the end, are not able to pay back what you owe....

Hope that was helpful, have a great weekend!

ronnieb · Fri Aug 05, 2016 5:12 pm

Anyone familiar with private loaning? I've come actors several websites that offers private loans in my area/country. My friend told me to use: https://moneybanker.com and i checked the website out and found that their rates maybe were a bit high? Should i Consult a professional or just wait till i get a better offer.

Also is it wise to do online??

Thanks anyway have a nice day!!

Yeah, those rates will kill you!! Any way you can crowdfund your loan from friends and family? Sometimes that's the faster, cheaper route!!

bitkilo · Thu Aug 11, 2016 1:14 am

Private lending can be useful sometimes and is normally aimed at those of us with bad credit ratings, make a couple of small mistakes when you are young and your credit rating is stuffed for life.

Also be careful with high interest loans as they can trap you in a cycle of lending from 1 payday to the next.