As we did in December, Overclock.net will be making some new loans for the month of January but with something a little different - the opportunity for member input. Take a look through the available loans and post ones in this thread that you feel are deserving.
Here's a little info on the terms in the loans:
As an overclocking forum, we try to support technology related loans but will consider all loans. Also, if you are going to be loaning yourself, we are matching loans through the holiday season.
Here's a little info on the terms in the loans:
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About the Loan - Repayment Term - the amount of time to repay. Repayment Schedule - how often you get partial funds back. I have found that a longer repayment term and shorter repayment schedule has been beatifically in loaning more money instead of the opposite. Default Protection - If the loan is defaulted on, will you get your money back. If there is not default protection, look at the info about the field partner. About the Field Partner - The field partner is the company that administered the loan. Two things to look at are the "Field Partner Risk Rating" and the "Delinquency Rate". That explains the amount of good or bad loans that have been made by this company. For loans that do not have default protection I would suggest a high rating and low delinquency rate. |
