How to Start a Borrowing History? - UnCollateralized Loans
I would obviously like to make some progress, no matter how small, to get the ball rolling: Of building a borrowing history and relationships with fellow players on the MD investing forum. I would like to earn my way through hardwork and a win-win teamwork with potential investors.
Small sums and high interest - kind of like payday loans. The few who repay need to cover the many who don’t plus earn the lender a profit! As you build a reputation you can borrow more at reduced interest but, unless you have a real life relationship, people are always going to be a bit surprised when an uncollateralized loan is repaid - after all, this is Eve!