Has some one here made money lending money? It seems like a lucrative activity Please share your stories.
This is a really risky business because the person can just scam and run away with the money ... it can be profitable but it depends on many factors (such as the profit you'll make compared to interest you'd make in the bank, and the trustworthy of the customer of course).
If you are going to lend money, Just lend to reputated members, no one else. Its very risky, people can run away with your money.. Take Care buddy.
Yes you can make money and this is how the banks make a good amount of their money is buy lending their customers money via loans, credit cards, etc. Although the banks have been doing it for a long time and know more on what they are doing and who they should lend to, while if you do it here you are practically lending money to people you don't know or may not know so there is a lot of trust involved. Be careful.