private investor
To be honest, there are no private lenders. The probability of finding a private trader = 0.00001%. Those private lenders are, give a loan secured by an apartment or foreign car for about 50% of the collateral amount and less. All other private lenders are scammers who cheat on prepayment. You need to stop wasting your energy, time, and money in search of a private person, a loan donor, assistance from the bank's security service. You just need to understand that these options are just cheating.
The Difference Between Investors and Lenders A private investor is a person who invests his money in any business. A credit and loan bulletin board can only partially help them find a place to invest money. Basically, a private investor invests money in various projects - the real sector, web start-ups, he naturally finds them not on the bulletin board. A private lender is a person who earns by issuing loans.
At the same time, he must control the process of issuing, obtaining a loan, check borrowers for the possibility of debt repayment. Usually, a private lender operates in his city and gives loans only in person. The likelihood of issuing an online loan is minimal.
Giving 100 thousand to someone at a distance of thousands of kilometers carries very high risks of losing money irrevocably. However, there are private lenders who lend money at interest remotely - i.e. all over Russia and without seeing the borrower... But they use a third-party service called Figure. It allows a private investor or lender and a potential client to find each other. This service works like a bulletin board.
Private lender
Private lenders on the Fingooroo service The service operates under the slogan "Man to Man Bank". This is a bulletin board for private investors and lenders throughout Russia. Here are the main conditions for obtaining loans: I would like to say that several MFOs are also operating there, which issue loans up to 10 thousand rubles. In fact, finding a private lender on a bulletin board with a bad credit history is easier.
In the service described above, you still go through scoring like this. If you are convicted or you have delays in banks, no private lender will give you money. Too risky. But if banks have refused you and MFOs too, but you really think that it is not deserved - you have a direct road to private lenders and investors. You will really get the money in debt without any problems. But it will not be 100 thousand, as you think.
Take a look at this table - each borrower is assigned a level. If you are a beginner, you will be given no more than 13 thousand rubles, and even then if you passed the scoring and completed the application to the end
Source:
With the first loan, it doesn't matter where you go. Nobody will give you a lot of money. The only option is to advertise looking for a private lender on a bulletin board. However, you need to be careful there - scammers operate there and there is a great risk of running into an advance payment and not getting anything. Even if there is a private bulletin board lender who will give you a loan without checking your credit history, it will be a secured loan.
You will have to mortgage an apartment, a car, or some other piece of property. No collateral - no money. It is important to know that you take all the risks here. There is no loan without collateral and without checking your credit history. If it happens, these are bandits who will then knock out a double debt from you.
When applying again, it is better to use the service of private loans. The amount is higher, the rates are lower. MFIs are unlikely to reduce the rate to less than 1%, while it is possible for private lenders. A source:
In the conditions of the economic crisis, large banks are tightening the conditions for obtaining loans, and therefore various usurers and creditors have become more active in the network. It will take a future borrower more than one day to choose the most reliable and suitable investor. The process of searching for investments is seriously complicated by the abundance of swindlers in the market. However, there are little tricks that will help you not to fall into the trap of scammers, but to really find financial support quickly and inexpensively.
Paradise financing terms
Correspondence with private investors usually starts quite tempting. "I will provide quick and effective financial assistance for citizens of all regions at 17% per annum. Loan term - up to 96 months. Individual approach to each borrower. Loan amount - up to 700,000 hryvnia. 40 minutes. Receiving cash on the day of circulation ", - promises, for example, a private creditor Veronica.
"We issue cash loans to citizens of Ukraine at 11-25% per annum. The decision is made within 30 minutes to 2 hours, depending on the workload. We issue from 2,000 to 1,000,000 hryvnia. Loan terms - from a month to 10 years. No collateral or guarantors Possibly early repayment after the first payment on the loan, without paying a commission ", - says even more heavenly conditions a certain Ivan.
In principle, the texts of the ads are similar: the authors promise borrowers minimum annual rates - on average 15-17% (and this is at average bank rates on consumer loans - from 19% per annum), long repayment periods - up to 7-10 years (banks give a maximum of 7 years), substantial sums - 1-2 million hryvnia. (in banks maximum for consumer loans - 200,000 thousand hryvnias).
In addition, private investors assure that the word of the borrower is enough for them, they do not require any references from work or confirmation of the amount of monthly income. They are not too interested in whether a person already has loans and how much he pays for them monthly. It looks like the Internet is full of philanthropists!
Checking the investor for honesty
Determining that you are dealing with a scammer is not difficult. Here are some tips to help you get scammers out of the water.
Offer to meet in person somewhere in the city to discuss the details of the financial partnership. A real private lender will be happy to meet with his borrower to discuss the trivialities of lending and find out the reasons why you need money so badly. Scammers or swindlers are not interested in revealing their faces, so they are unlikely to agree to a meeting.
Ask the creditor as many leading questions as possible, for example: where did he get such large amounts of money, who exactly owns the money and what source they have, how the transfer of money will actually look like, whether it is necessary to certify the documents with a notary, whether it will be necessary to draw up a receipt, a loan agreement, and more.
A lot of thematic questions can confuse a scammer, and he will simply get confused in false answers. It will also be possible to "catch" him, knowing some legislative nuances, for example, if he demands to certify documents from a notary, be on the lookout since today the receipt and the loan agreement are legally binding even without notarial confirmation.
You can also check a private lender for honesty using Internet resources. Fortunately, today a huge number of databases have been created, whereby name and surname one can recognize a fraudster posing as a “private creditor”. Users began to actively share their negative experiences, so they post photos of swindlers on the network and tell what schemes such a false creditor can use. Using this method, it is quite easy and quick to find information, it is better to immediately spend several hours of your time so that later you do not pay other people's debts or say goodbye to your property. If this private lender does exist, read the reviews about him, go to all his pages on social networks, and analyze his reputation.
Ask this private lender for the phone numbers of his previous clients. Chances are good that he will give the phone to a dummy who will praise the fraudster from all sides. But if you ask for 10-15 numbers and call only a few selectively, most likely, the scammer will simply not be able to persuade such several people and will simply refuse to provide you with this information.
The private lender asks for prepayment
If, before issuing a loan, a private lender asked you for money for any needs to get a loan, then you are a real scammer. You should not cherish the hope for his pure motives, so there should not be any “maybe”, “if” or “suddenly” here! At the same moment, stop the dialogue with such a pseudo-creditor, and in case of persistent appeals, simply ignore. If the lender starts to get nervous and even becomes personal, then you are definitely dealing with a fraudster (according to psychologists, aggression is a sign that a person is playing a dishonest game, those who have nothing to hide will patiently answer all the borrowers' questions).
The costs for which a fraudulent private lender may ask you for money sounds more than plausible. In most cases, they look like this:
The costs of obtaining your credit history. A real private lender will agree to provide a scan of your story, but the swindler only needs your money. There is also another slippery point to consider.
A person who has no loans can easily get a loan from a bank. Usurers and private investors are approached by citizens who have already had problems with credit institutions and simply no serious lender will give them new loans. The "investor" who promises to provide funds despite the poor credit history of the substitute is clearly a fraud.
Notary fees. Firstly, according to the legislation, a notary does not need to certify a receipt or a contract, these documents already have their own legal force. And, secondly, if the certification is so necessary, then a notary can carry it out only in the presence of both parties, that is, the borrower and the private lender.
For a money transfer commission.
To issue an insurance policy in case the borrower is unable to cope with the loan repayment.
Of all the fraudulent schemes with pseudo-private creditors, it is the prepayment that is the most common, so if you are told such a requirement, quickly run away from such an "honest" private lender and shut yourself up from him.
Private loan in another city
Private lenders do not practice lending to people from other cities, since the return on such loans is almost zero. Perhaps someone will agree to such a risk, but on the condition that the amount is very small. In practice, before issuing money, private lenders must personally meet with their borrowers to discuss the terms of the agreement. Further, if everything suits both parties, they meet again to sign papers and transfer money. If a private lender from another city has promised to give out the amount of money you are asking for, you are in the network of a fraudster. Think for yourself, who in their right mind would agree to lend a large amount of money to a person whom he has never seen in his life?
The only exceptions in these situations are cases when there is an intermediary between the private lender and the borrower.
How is a private loan obtained?
The borrower must, first of all, live in the same city or region as the private lender himself. He must also meet the requirements of the lender, that is, provide information about his income, credit history, and personal property (car, apartment, house, or summer cottage). As soon as you can confirm your solvency to a private lender, all that remains is to sign an agreement, a receipt, and receive money. Writing a receipt is a mandatory activity when receiving money from a private trader, but you need to draw it up only after the money is transferred into your hands. Otherwise, you will not only not receive the promised amount, but also undertake the obligation to pay off someone else's debt.
Conclusion
- He does not want to meet with you personally to discuss the details of obtaining a loan - you are communicating with a swindler!
- Requires an advance payment for the costs associated with obtaining a loan - you have come across a sophisticated fraudulent scheme!
- Asks you for logins and passwords to access your personal account on payment systems or in Internet banking - you have a dangerous financial criminal in front of you!
- Asks to convey the characteristics of your bank card - you are almost in the hands of a swindler!
- Assures you that you can get money in any city - another fraudulent scheme is working!
In Ukraine, as in any other country in the world, some so-called usurers provide loans at high-interest rates secured by movable or immovable property. However, it should be remembered that according to the current legislation, only banks or microfinance organizations (MFOs) (that is, only legal entities) can lend to the population. Thus, usurers are outside the law, in fact, they are engaged in "illegal business".
Therefore, if you have suffered from the actions of a moneylender or a pseudo-private lender, then it will be almost impossible to return your funds since you are dealing with an ordinary criminal and fraudster. If you need money for times.