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Payroll loan prospect for investors 5% / month, 60% / year

#51 User is offline   Baldy 

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Posted 26 June 2010 - 08:04 PM

View PostElinel, on 26 June 2010 - 05:24 AM, said:

View PostBaldy, on 26 June 2010 - 04:56 AM, said:

View PostOzepete, on 23 June 2010 - 02:05 PM, said:

Posted Image

View PostBaldy, on 23 June 2010 - 02:27 AM, said:

Do you guys never get tired of scaming people or are you just that stupid that peolpe with money are that idiots.?


Geezzz, get a grip ffs!'

60000 total hu?

So if you want to loan 60000, why you want to pay annual 60% interest+ geezz...

You guys never stop to amuse me...

I get so pissed about this investment threads.

The bank will give you 3% annual if you are lucky! On 60000peso..



Who the f**** give a annual interest of 60%?

Who the f**** give a annual interest of 60%? REALLY!! Go to the Philippines, get away from the fancy hotels, find one of the millions of poor locals (the average person) and ask him to go borrow money and I will bare my arse if they can do better than 60% more likely to be a 5/6 deal, that is 20% per month, from the scum bag money lenders.


Thats my point excatly.

ANYONE that want to give away loans on this terms to people that have nothing is in my book a f***head. So can anyone tell me how they can pay it back?

If this was true and u did get the promised percentage on your investment, the moneypeople and mafia would be all over it.

To try and explain this with import of some herbs and rice are just stupid. So what would the inflation on that goods be?

But wtf, I can wait for the reports how it did go. hehehehe


isnt it great to be the only ones who is intelligent in the planet - and the rest are just so damn STUPID! Posted Image

try to eat some more rice ......... then perhaps you might just get a smidgen of what life is like in PI!!! Posted Image


I thank You, its good to have people pointing out that you need to eat more rice to have an opinion on economical matters! Priceless. :littleangel:

I know how life is in PI thank you! :)

[iro]It sure helps poor people that someone are so "nice" that they lend out money with 60% interest.[/nic]

Thank you once again!

A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise, and independence to the mind. Games played with the ball and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be the constant companion of your walks. Thomas Jefferson

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#52 User is offline   Admin 

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Posted 26 June 2010 - 09:11 PM

View Postcaloy, on 26 June 2010 - 09:54 AM, said:

by the Paul, who will manage this venture. He should be careful as well because I knew someone who told me that they made money by loaning then giving the creditors an old ATM card that has nothing in it. Your guy should be able to properly vet those loan applicants. ;)


A friend of mine who lives in San Fernando will be sorting this out.

View Postchimellie, on 26 June 2010 - 10:45 AM, said:

Do you accept Paypal ?


Yep. paul (at) kitakits (dot) com or cebu (at) livingincebu (dot) com

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#53 User is offline   Admin 

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Posted 26 June 2010 - 09:13 PM

You know, Baldy, if you disagree so much with this, perhaps you should consider just not posting about it here.

Personally, I feel as though this is a good thing. I believe that so much that I have personally done everything I can in order to save these employees money.

But, you may think that I am out to fuck them over? Please let me know your thoughts.

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#54 User is offline   Baldy 

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Posted 26 June 2010 - 10:03 PM

Well Paul,

I see a ban coming my way, for expressing my 2 cents. i know this is not a puplic forum, it's rather a personal owned forum. So by all means ban me because I'm not agreed with the owner, You, on some issues.

Yes, I disagree to loan money to poor people with 60% interest. Thats NOT gonna help them one bit!

The only people that gonna win/win on that terms are the lenders. Kind of mafia terms if you ask me, and You did ask me. So You gonna send a collector when Your interest terms are not met? Just a legetimit question.

I have no intendt to call You a scammer, but lets be honest, NO real and lawfull business gets away with 60% annual interest.

To my personal opinion You are benefitting on poor people to be even poorer.

Good day Sir.

A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise, and independence to the mind. Games played with the ball and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be the constant companion of your walks. Thomas Jefferson

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Posted 26 June 2010 - 10:12 PM

No, I will not ban you for speaking your mind. But, please keep this in mind. The current guys who loan money, do so at 20%!!

My friend is offering a lower interest rate so the employees can save a bit more money!

Some call it what they wish. I call it helping others.

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Posted 26 June 2010 - 10:15 PM

Here is something for the naysayers

My link, click here!

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#57 User is offline   Baldy 

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Posted 26 June 2010 - 10:54 PM

View PostAdmin, on 26 June 2010 - 10:12 PM, said:

No, I will not ban you for speaking your mind. But, please keep this in mind. The current guys who loan money, do so at 20%!!

My friend is offering a lower interest rate so the employees can save a bit more money!

Some call it what they wish. I call it helping others.


Paul, I must say this, it seems a good thing to lend out money to needers to 60% annual interest when the option is to pay 20% mnth interest.

What if the lenders accept a double bankinterest on their money, i.e: 6% annual interest, then You might say You are helpeing them rather than benefitting on the poor people.

Or at least go fot 1% mnthly interest wich give You a good payback on Your investment anyway? Twice what any bank will give you.

just my 2 cents man.

A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise, and independence to the mind. Games played with the ball and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be the constant companion of your walks. Thomas Jefferson

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#58 User is offline   caloy 

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Posted 26 June 2010 - 11:08 PM

These people will not to those who charge 20% lenders if they have other options. They cannot borrow from banks and what they are loaning is very small amount that banks won't even bother. People do this because they need cash pronto and they can't wait for several days processing and paperwork. Some borrow to pay for electricity, rent, or to buy important stuff like milk and diapers. One fact is, they need money and they are WILLING to pay the interest. By giving them a lower interest option, the investors are helping them save a few pesos from interest which they can spend on important things. It might be "immoral" for some when they see people charge interest, that's a valid feeling though it won't solve the need for these people to find a lender. If we just close our eyes and do nothing then people will still be paying an onerous rate of 20%. For me, it's more immoral to do nothing unless you want to give your money to people for free. ;)

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#59 User is offline   Baldy 

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Posted 26 June 2010 - 11:16 PM

View Postcaloy, on 26 June 2010 - 11:08 PM, said:

These people will not to those who charge 20% lenders if they have other options. They cannot borrow from banks and what they are loaning is very small amount that banks won't even bother. People do this because they need cash pronto and they can't wait for several days processing and paperwork. Some borrow to pay for electricity, rent, or to buy important stuff like milk and diapers. One fact is, they need money and they are WILLING to pay the interest. By giving them a lower interest option, the investors are helping them save a few pesos from interest which they can spend on important things. It might be "immoral" for some when they see people charge interest, that's a valid feeling though it won't solve the need for these people to find a lender. If we just close our eyes and do nothing then people will still be paying an onerous rate of 20%. For me, it's more immoral to do nothing unless you want to give your money to people for free. ;)


Ok, I get it.

What You are saying, its better to pay 60% annual than 20% mnthly.

I have NO PROBLEMO to see this.

BUT whatever You say, that is taking advantage of the poor. Sry if Im giving u a hard time about this but it seems to me that if you want to help, you are intiteteled to a big commision. Thats not the thought about helping you knowe.

This post has been edited by Baldy: 26 June 2010 - 11:24 PM

A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise, and independence to the mind. Games played with the ball and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be the constant companion of your walks. Thomas Jefferson

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#60 User is offline   caloy 

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Posted 26 June 2010 - 11:27 PM

View PostBaldy, on 26 June 2010 - 11:16 PM, said:

View Postcaloy, on 26 June 2010 - 11:08 PM, said:

These people will not to those who charge 20% lenders if they have other options. They cannot borrow from banks and what they are loaning is very small amount that banks won't even bother. People do this because they need cash pronto and they can't wait for several days processing and paperwork. Some borrow to pay for electricity, rent, or to buy important stuff like milk and diapers. One fact is, they need money and they are WILLING to pay the interest. By giving them a lower interest option, the investors are helping them save a few pesos from interest which they can spend on important things. It might be "immoral" for some when they see people charge interest, that's a valid feeling though it won't solve the need for these people to find a lender. If we just close our eyes and do nothing then people will still be paying an onerous rate of 20%. For me, it's more immoral to do nothing unless you want to give your money to people for free. ;)


Ok, I get it.

What You are saying, its better to pay 60% annual than 20% mnthly.

I have NO PROBLEMO to see this.

BUT whatever You say, that is taking advantage of the poor.


In some people's definition "taking advantage of the poor" = Business

And it doesn't happen only here. Anywhere in the world, people are taking advantage of other people. These people are just unlucky that credit card companies here in the country is a bit strict in giving out credit cards. Subprime earners are not gonna get credit here not even a cent so they turn to informal channels like the Indians (bombay) and some Filipino 5/6 comps.

For your way of thinking, this is how it will look like "it's the lesser evil". ;)

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