Re: eBay for loans
All of these D tier credit loans going out through this site looks like a prime market for my buisness. I gaurantee you that over 50% of these tier loans dont get paid back and 50% of those skip out on the lender.
For you financial law gurus out there.... would this type of venture still make the lender responsible for due dillagnce of collection before being able to write off the loan as a bad debt?
Do most of these members post in the "groups" sections? How could I go about marketing myself to these lenders without looking overly spammish? I dont see a whole lot of advertising or banners either.
Richard
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