Ever lent money to someone online? Profitable?
 

People are turning more and more to online lending exchanges. See: http://www.latimes.com/business/la-f...6483352.column If you've done this, what is the default rate? What % is the ROI? Legal issues?

not done it yet...

I lent someone 200 and got 300 back

never and don't plan

I have loaned small amounts money through Kiva. But it was more about helping someone out than making a big profit.

http://kiva.org

the best ones only give you 10% return a year, which based on the risk, isnt worth the exposure imo..

it's more headaches than it's worth... :2 cents:

if it's large sums then it's worth getting interests on

I am still waiting on payment from one of our Dutch friends. I guess he decided to scrap his adult ventures.

Niiiiiiice

cant say its on my plans but ive seen it work for some people

this thread title makes me think of those paypal to epass exchanges, lol...

My thoughts exactly. I'll spare the details.

:disgust

Same here, been lending out a lot. And even IF i got it back, it was after kicking their asses multiple times a day.

Most of the times it was more like: Yeah tomorrow im gonna pay back, really.

Yah..

A Kiva lender would know that there is 0 profit. You get back what you lend, and that's it.

0 profits.

Got it. I bet collecting is a major hassle.

Lending money to personal friends is hard enough... Would never do lend to someone I don't even know personally

:2 cents:

lending money is a real pain in the ass. There is no way I would risk this kind of investment

:2 cents::2 cents: