Is becoming a lender a good investment?

Question

I know the interest is great.

Has anyone done it and if so.. whats the best way? How does it work?

Answer 1

Depends on who you lend to.  If you make bad loans you lose money.  

Answer 2

Who's the borrower?????

Your question can't possibly be answered without that information.  

Are you buying a US govt Treasury bond?  (That's being a lender.)  I wouldn't worry about whether I get paid back or not.

If you're lending money to your dead-beat brother who's got a great business opportunity, I'd think twice.

Answer 3

I don't suppose you have TV, internet or newspapers available?

Lenders just in the USA are on track to lose a projected $1 Trillion from bad loans - real estate mortgages, credit cards, auto, etc.

Why on earth do you think this is a good business to get in now?

It is very easy to default on a loan and one can file BK and you'll get zip.

Answer 4

you give someone money.

They pay you back, with interest.

If they don't pay, you have to:

-sue them/reposses stuff

-'convince' them it would be better they paid.

Lending is a **** job. It'll make you hate the human race.

If you do decide to do it, make sure you know the law and get contracts made by a lawyer.

Answer 5

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