Loaning businesses - need your insights

[vinj]

Double post

[BratPAQ]

Ano ba yung office ng wife mo? How about you limit the max amount muna, parang credit card na sa una mababa pa credit limit mo. Kung may pumalya man magbayad, maliit lang at di na makakaulit yung tao, kaysa naman 10kkagad hiram tapos pumalya, 10k ang binayad mo para makilala yung tao.

Yung lola ko dati may 5-6, ilan sa alam ko sa business nya, ang lagi nyang sinasabi, di nya pera yun, pag may uutang itatanong daw nya muna kay "taba", tapos yung imaginary na tao na yun eh pulis daw, this is for 2 purpose, panakot sa ayaw magbayad at security na rin na hindi sya pagtatangkaan nakawan sa bahay dahil nga na kay taba yung pera kunwari.

Marami ding di nagbabayad sa kanya, mga palya, etc pero di sya nalulugi dahil mga 1k to 5k lang max sa kanya. At least kung di magbayad, 1k lang talo nya.

Im not saying mag 5-6 ka dahil alam kong masama yun. I say start small, 1k to 3k para makilala lang yung tao. At saka kung maliit lang, for example sa 50k, magpautang kayo ng 5k each sa 10 tao, chances na magloko ang isang tao eh 10% lang, unlike sa 3 tao lang yung 50k chances na magloko ang isang tao eh 33% kagad.

[jansky]

Anyway hindi tinuloy ng wife ko after nabasa nya lahat ng post dito di kasi naniniwala sa akin or di lang ako marunong mag explain heheh

[pink888]

Anyway hindi tinuloy ng wife ko after nabasa nya lahat ng post dito di kasi naniniwala sa akin or di lang ako marunong mag explain heheh

Good thing po..

Got a personal experience..

I lost a big amount of money.. Close to 1M.. I trusted my friends.. But, they betrayed me..

They are paying now.. But, leisurely..

I don't regret what happened though because it taught me a lot of stuff.. And, im a lot stronger now..

[jon777]

^^^^^
ako naman, i called up 2 of my closest/wealthiest friends last week since at that time our family was offered a business opportunity. big capital ang kailangan at cash pa in less than 2 weeks. after coming up P3 M short, i called/texted my 2 friends but both replied a few days later. Since this is the first time our family was asking for a loan, Sabi ko kahit 1-1.5% interest per month with collateral. Di daw nila kaya, so ok lang. finally after 4 days, we came up with an additional P2M from internal funds coming from our main business so umutang na lang kami sa isang relative ng P1 M at 2% per month interests. the thing is, pede maglabas yung mga brother in laws ko pero my family would rather take money from relatives/friends kasi ayaw namin makialam ang mga asawa ng sisters ko para walang gulo in the future.

we could have taken a loan from a bank but processing would take 4 weeks and we need the money in less than 2 weeks.

next time magkita kami friends ko, magsisinungaling ako na wala na Pajero BK ko dahil na-remata ng banko. gusto ko lang makita reaction nila. kapag lumayo, ok lang

[ecneret]

mukhang mahirap yan sir... mas ok pa sir kung tatanggap kayo ng sangla like kotse, lupa o bahay... atleast may collateral di ba?

[freeloader]

Been there, done that. Unfortunately, lost 700k several years ago. Masakit sa ulo, nagkaso kaso pa and nabayaran lang parang less than 100k. Don ko lang nalaman wala pala talagang nakukulong sa utang.

[robot.sonic]

ayos lang yan bro. kung di kayo komportable, wag nyo na ituloy.

[111prez]

sa amin naman, project loaning/investing

there are entrepreneurs there who have the contracts but do not have the capital to commence the same

may P.O. na rin sila so secure ang project. may track record na rin na maganda

returns and terms of repayment are good (not more than 6 months)

but the key is to trust the businessman/woman you are investing in

[pop3corn]

Malabo na lending business ngaun unless you cater yun may mga bad credit history. Kse ako Lang sa 5 credit card ko, they practically offer less than 1% interest per month even if I take like 80% of my credit limit. Sabi ko sa inyo, Kung kakagat ako dito makakabili ako ng sta Fe 3rd gen, no processing fee sa dami ng cards ko. Right now, I have used 2 cards na for credit to cash facility. Pag tuna wag call center ng bangko,, 3 days Lang NASA account ko na yun cash

Tapos alam nyo ba kumbakit hyper sila ngaun sa ganyan. Kasi sine-securitize nila yan yan mga loans na yan as CDO (collectible debt obligation) Tapos I-package nila at ibebenta as bond or investment fund na bibilhin ng investors like pension funds or any other institutional investor here or abroad, Tapos I-hedge pa Lalo yan kase Lagyan ng insurance like credit swaps. Yan nga mga car loans, grabe ang multilevel hedging nyan sa financial markets.

So Kung mag-open Lang kayo ng lending business for straightforward lending per customer, Huli na kayo sa balita. You're so 19th century. You know the global meltdown, para sa mga nakakaintindi it was a meltdown, pero sa mga investors, nag-jump kaya ang financial instruments to the value of hundreds of trillions each.

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