Make $400 per month on Reddit

dunno man , this seems shady , pretty sure there are so many scams going around with that "method"
 
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Interesting method, the OP may be too embarrassed now to respond since another member here has publicy called out his post history. How unfortunate, anyway OP thanks for the share, how much have you been banking a day/a month doing this?
 
Loaning business on Internet is sound like a bullshit.
 
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How do you get £400 a month ,

You said i lend £50 and receve £10 in profit

I dont no how the hell you gonna get that with only £100 in the sceme and exspect £400 a month.

That 40 deals in a month of £50 but only got £100 in capital .

You need £2000 to turn over £400 with 40 customers.

How the hell do you do it with £100.

Dont tell me , you lend one day ,and get it back within 2 days?

If your title was
Lend £50 and make £10 unlimited times with reddit.

Ill understand.

Can you exsplain please?


This is illegal ,unless your leaning the cash as a Friend ,and there adding 10% to say thank you, So suprised reddit got such thing going.
 
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OP might have been hoping to bring more lenders to the subreddit, but it seems that there will be an influx of borrowers from this forum ;)
 
Asif WILSON Khan said:
Just a warning, this is very high risk and you really shouldn't do it unless you like to take a gamble.

If you want to get involved in lending then look at legitimate Peer to Peer Lending/Micro Loan/Microcredit Sites
https://en.wikipedia.org/wiki/Peer-to-peer_lending
https://en.wikipedia.org/wiki/Microcredit
Click to expand...


I took a gamble with this. I had two old GoPros knocking about so sold them on eBay, rather than spend, I invested. I took a gamble

My results from the borrowing reddits

Borrow one - guy asked for $30 with $20 interest.... paid back four days late. I got the $50 but I didn't calculate PayPal fees either way, slightly up on the deal

Borrow two - guy asked for $50 and went walkies. Lost

Borrow three - female asked for $100 and $40 interest... two days late but she had established account so actually paid back $160 via friend

Borrow four - a couple wanted $60 with $20 back... another late one, paid $40 then told me they were struggling as they got burgled... after chatting it looked legit and they gave me details. I thought sod it, have the $40 back and eat for a few days. vanished for month, came back and the guy cheated on the girl... she paid me back $300 as she sold his car so LOL

Is it worth the time and hassle... not really. Would I do again, not sure but I'll check the Reddit for a while and just see. I'm a sucker for a sob story so being a loan shark isn't really for me

Can the Reddit make cash... some but it is a gamble and won't make a lot if you calculate time spent
 
Nice method, never thought of this!

Could be quite risky but as you stated, do your research and you should be fine. I'm going to give this a try, thanks!
 
ThatSEO said:
I took a gamble with this. I had two old GoPros knocking about so sold them on eBay, rather than spend, I invested. I took a gamble

My results from the borrowing reddits

Borrow one - guy asked for $30 with $20 interest.... paid back four days late. I got the $50 but I didn't calculate PayPal fees either way, slightly up on the deal

Borrow two - guy asked for $50 and went walkies. Lost

Borrow three - female asked for $100 and $40 interest... two days late but she had established account so actually paid back $160 via friend

Borrow four - a couple wanted $60 with $20 back... another late one, paid $40 then told me they were struggling as they got burgled... after chatting it looked legit and they gave me details. I thought sod it, have the $40 back and eat for a few days. vanished for month, came back and the guy cheated on the girl... she paid me back $300 as she sold his car so LOL

Is it worth the time and hassle... not really. Would I do again, not sure but I'll check the Reddit for a while and just see. I'm a sucker for a sob story so being a loan shark isn't really for me

Can the Reddit make cash... some but it is a gamble and won't make a lot if you calculate time spent
Click to expand...

lol wtf you talking bout wilis? You made over 200?!?! Some people havent made that in 4 years of being on here lol
 
AlanWatts33 said:
lol wtf you talking bout wilis? You made over 200?!?! Some people havent made that in 4 years of being on here lol
Click to expand...

Considering I'm self-employed and earn £65ph out of contract. I spent a good few hours chatting with those Redditors and it's actually hassle so time wise, it's not really worth it at all. I'd also guess that I actually got lucky, pure luck. Not everyone will pay up, far from it. You really have to sift through the shite for that $200, its really not worth it and quite a risk.

I could put my profit back into doing it again and easily lose the whole lot, and time

Also as the chap said above, it's really high risk and the people who don't make even $100 a year shouldn't even think about doing it.

I used cash that I could afford to lose
 
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