Brandon Danaher Posted August 1, 2016 Posted August 1, 2016 I have been procrastinating on my Peer-to-Peer lending idea for quite some time. Is anyone familiar with this or the relevant legal framework? Message me @ Facebook.com/bdanaher17 and I'll get you an NDA.
adamNJ Posted August 2, 2016 Posted August 2, 2016 I invested a couple of hundred bucks using www.loanbase.com back in February of this year. Long story short I ended up loosing 20% to lenders who defaulted on me. The interest received was about 10% so overall I ended up in the hole. Never again, or not until they introduce a better system to deal with defaults.
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