Lending Business - Your Opinion
By agihcam
@agihcam (1914)
Philippines
September 7, 2008 9:52pm CST
Is it good or bad business?
Many people are generating more earnings from this kind of business.
They used the atm card from there client and they withdraw the money their
own and minus the monthly payment from the loan.
Other said it is a bad business but others said it is not.
How about the opinion from my fellow mylotters?
1 response
@aseretdd (13730)
• Philippines
8 Sep 08
My uncle once borrowed money from such a lender... and the interest is quite high... so for the borrower... it is not good... but for the lender... it can be considered as good business... my father just entered such a business... but he did not put a very high interest... so we still have to see if it will be a good one...
