[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | Free Show | Home]

Anyone here had any success giving out personal loans to friends

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 6
Thread images: 1

File: image.png (92KB, 400x300px) Image search: [Google]
image.png
92KB, 400x300px
Anyone here had any success giving out personal loans to friends or trusted colleagues?
I've just finished getting paid back on a 10,000 dollar loan to a friend, charged him 15% interest over the year. He avoided ultra-high interest credit card debt, and I got a great annual return on an investment (it wasn't a huge part of my portfolio).

Anyone else participated in personal financial endeavors like this?
>>
no, this is beyond retarded. 15% isnt even worth the risk of $10,000

great way to ruin friends and family as well
>>
>>1353064
15% is a great annual return, and business and friendship can coexist.

I determined it was low risk based on specifics of the situation. My judgment was correct.

Why do have such a strong opinion? Do you have a personal experience with this?
>>
The only reply I got had no advice backed with even anecdotal experience. Anyone have anything else to discuss with me?
>>
>>1354441
I'm guessing it worked out well? How much profit? What are the pros and cons of this? I'm sorry if these are noon questions, I'm thinking of doing this but I've never really been good with money.
>>
Well, obviously this goes without saying, but its not a bad idea if you keep each other protected by having the deal in writing. I sure as hell would rather get a 10, 20, 30 thousand dollar loan from a friend I'd trust over the Shekelton Bank
Thread posts: 6
Thread images: 1


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/


If you need a post removed click on it's [Report] button and follow the instruction.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com.
If you like this website please support us by donating with Bitcoins at 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
All trademarks and copyrights on this page are owned by their respective parties.
Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site.
This means that RandomArchive shows their content, archived.
If you need information for a Poster - contact them.