Reviews on private lenders: who took it and where, features, benefits, tips on how not to fall for the scammers' trick

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Private lending has recently become very popular. However, some people are still wary of such loans. This is not surprising, because the principle of such lending is that an individual takes money from another person at interest. In this case, a loan agreement is not concluded, but only a receipt is drawn up.

On the one hand, it's profitable. Private lenders lending money against a receipt make a profit, and the borrower does not have to provide a package of documents. However, today there are also many scammers operating in this area, so you need to be extremely careful.

What is a private loan

Many believe that a loan can only be obtained from a bank or a microfinance organization. However, you can also receive money from another person, that is, an individual.

If we talk about where to find them, as a rule, in reviews of private lenders, people pay attention to various online message boards, as well as specialized sites. Basically, such loans are found through search engines. Some turn to acquaintances or even bosses at work.

Offers to borrow money against receipt are found in advertisements of printed newspapers, magazines and other things. Others even print out their proposals and paste them on poles around the city. All these ads are very similar.

As a rule, in this case, interest does not need to be paid every month. Only the final amount. However, it still takes into account the period for which the borrower received the money. The longer the term, the greater the overpayment.

Disadvantages of private lending lenders

First of all, of course, the main danger is that you can easily stumble upon a scammer. This means that as soon as the documents are signed, the person does not receive any money or any other fraud is carried out. Also in this case, it is rarely necessary to count on a long term loan. Funds are issued for several months, or even weeks. However, in most cases, interest rates are quite high.

Also, many users in their reviews of private lenders pay attention to the fact that with such lending, interest is charged not on the balance of the debt, but on the initial amount that was borrowed. In addition, the offers are very different, and the conditions seem painfully dubious. However, one thing needs to be understood. Borrow money from private lenders who offer to simply draw up a written receipt without the presence of a notary, norunder no circumstances.

Also, many people note that some individuals who offer money on credit feel when a person needs money very urgently. In this case, they offer to provide funds at too high interest rates, and they are forced to pay as soon as possible.

If we talk about reviews of real private lenders. Then they are usually found on official services specializing in this area. As a rule, such sites provide all the necessary information about possible scammers and useful tips on how to properly execute a transaction. Where to find a private lender? According to users, it is best to search on the Internet. In this case, you can find all the necessary information and, if possible, read the reviews of other customers.

What must be indicated in the receipt

You need to understand that a notary may turn out to be a fake, so you should carefully read all the documents that are given for signature. The notary receipt must indicate the exact date by which the debt must be returned. In addition, a certain amount of money that the borrower receives is entered. On paper, the date of the document must be affixed without fail. And in order to identify the receipt and correlate it with the participants in the transaction, the exact passport data, last names, first names and patronymics, as well as the addresses of residence of all parties are written off to it.

Although the receipt is not a loan document, it is still very importantpaper that, in case of problems, can save you from financial ruin.

How not to stumble upon a scammer

When getting money in debt against receipt, there is always a risk of encountering a person who fraudulently wants to take possession of the money of a gullible client. It should be understood that, by and large, a private person cannot issue any loans. Accordingly, the word "loan" is never indicated on the receipt.

As a rule, the document only says that one person provided money to another. This is a rather controversial document, in which many nuances can occur.

It is also worth being extremely vigilant during the procedure for receiving money. First you need the lender to transfer the entire amount to the borrower, and only after that the receipt documents are drawn up. For a transaction to be considered clean, everything must happen in front of a notary.

How people are most often deceived

Users in their reviews (who and where took money from private lenders) are advised to pay attention to the fact that some scammers offer to formalize all relationships first and only then issue money. In no case should you agree to such manipulations. In this case, even if the borrower does not receive any loan, he will still be obliged to return the money, which he did not have in his hands at all, since the document has already been drawn up in accordance with all the rules.

In other reviews of private lenders, users share another scheme that scammers can use. They talk aboutthat they cannot be sure that a person will return the entire loan to them, therefore they require a minimum prepayment. It is assumed that after that a receipt is drawn up and the client receives the money. In fact, the fraudster simply disappears, and the client is left with nothing.

Don't fall for tricks

There is also another very common scam scheme. It lies in the fact that initially the swindler requires the borrower to have access to his bank card or virtual wallet. He promises that he will transfer money to them. In fact, he does exactly that. Transfers funds, after which a notarized receipt is drawn up. However, a second later, the fraudster withdraws all the funds, and the client still owes him money.

In addition, you need to understand that if we are talking about the monthly repayment of such a debt, then this must be indicated on the receipt. If it says that the entire amount will be returned on a certain date of a certain year, and the lender requires payments every month, then in this case there is a risk of paying the entire amount twice.

There are many more ways to cheat. Therefore, when borrowing money from a private lender, you need to carefully check the reviews about a particular person. That is why users do not recommend contacting ads from poles on the street and not using newspapers. It is better to find a service that acts as an intermediary and is ready to accompany the user with at least minimal information about the lender.

Useful information

First of all, the notary certifies the document, which refers to the transfer of funds. At the same time, the receipt does not mention any interest. However, in order for the initial amount to converge with the final one, you have to immediately enter the amount of money, taking into account the overpayment. As a result, the client receives, of course, a smaller amount in his hands.

Many in their reviews of private lenders say that such a procedure is more like a fraudulent one. But actually it is not. There is no such thing as cheating in this case. This is necessary in order to protect all participants in the transaction. Otherwise, such activity may be considered a serious violation, which will entail administrative or even criminal liability.

Why is this happening

If you specify only the initial amount and just verbally agree on interest, then the creditor himself will be in an uncomfortable position. After all, the borrower can repay him the debt without interest by providing the appropriate receipt. Therefore, usually both parties come to the only legal way that will protect the interests of both parties. As a result, the borrower receives the money, as agreed, and then returns it with interest. But they don't appear on the list. Only in order not to break the law.

Why is it profitable to borrow money from private lenders

If we talk about the reviews of users who found private lenders on the Internet or simply contacted acquaintances or people whom they are at least remotelyknow, then first of all everyone pays attention to the fact that such a deal is very beneficial for those who already have a damaged credit history. In addition, the advantages lie in the fact that very often such lenders agree that the client will not make any monthly payments. If the borrower took 50,000 rubles from a private person for six months, then he can return the money only after 6 months or any other period. In this case, you can seriously improve your financial situation and get out of a difficult situation.

In addition, in such situations, there are no punitive monetary sanctions. In banks, for each minimum delay, you have to pay pretty decent amounts.

Another plus is that you do not need to prepare any additional documents to complete such a transaction. Enough passport.

What is the overpayment percentage

According to user feedback, the final overpayment can be completely different. Someone is very lucky, and they pay only symbolic interest. Others have to give almost 2 times more. However, according to statistics and numerous reviews of users who have already encountered private lenders, in general, the average figure is about 3% per month. Although the amount is usually issued only 1 time and returned in full, interest is usually taken into account depending on how long the borrower has not repaid the debt. Accordingly, it is much more profitable to return the funds as soon as possible.

In closing

To take or not to take money from a private lender, everyone decides for himself. However, in this area today there are a huge number of scammers. Therefore, if possible, it is better to consider banking offers.