Loaning businesses - need your insights

[vinj]

ang taong humiram sayo ng pera hangga't hindi sinosoli huwag mong pag-katiwalaan. may mga gago padadamahin ka lang. mabilis mag-bayad sa una, yung mga susunod pahirapan na. sa pera walang TRUST. trust deposit meron hehe.
patubo muna kayo sungay, seryoso yan.

sabi nga ng kaibigan ko, kung gusto mong di masira ang friendship e huwag kang uutang.

usually ang umuutang sa ganyan yung walang savings at walang assets na pwedeng gawing collateral. sa akin lang e bakit ko naman papautangin yung taong wala, e di ba it follows na wala din siya ibabayad sa utang nya.

I agree with these two. Dapat malakas sikmura mo, marunong ka manghabol, and you dont value relationships with people you'll lend to. And yes, high risk ang mga umuutang sa ganyan because they most likely will not qualify for credit with formal institutions anymore or they are maxed out also with other loan sources (Pag-ibig, SSS, Company/Union loans, etc).

Lastly, don't lend money you can't afford to lose or write off. This is whether you're doing it as a lender or as a friend.

[vinj]

Double post

[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

[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

[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.

[chrismarte]

ke ikaw ang nagpa utang o ikaw ang umutang sakit lang sa ulo parehas.

ikaw nga ni Yebo. kaya nga uutang kasi walang pera, tapos gigipitin pa sa pagpapatubo?

[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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