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Unsecured high yield debt?

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    Unsecured high yield debt?

    I've been using a savings account for a while now and wanted some higher rates. What do you think of something like this?

    {link removed by moderator}

    Is it real? Do I get my money and interest guaranteed unless the company declares bankruptcy?
    Last edited by disneysteve; 02-17-2013, 06:28 AM. Reason: link posting violation

    #2
    Hi Vassock!
    There are some rules that are worth to follow
    1.) One does not have to invest at all costs - you can always turn down an offer, especially when it is too complicated to understand
    2.) If something looks too good to be true, it isn't. By default I would say that there must be some kind of risk with the offer you found.
    3.) You always have an option to risk less: do not invest all your money into one thing only.

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      #3
      And one more advice: Google the company's name. You can find news related to it easily...
      I always run a search for keywords <company name> + scam, <company name> + fraud before dealing with new "partners".

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        #4
        If you want a high-yield investing option and don't mind unsecured debt options, you might look at sites like lendingclub where you have a large number of options to invest you money. Just remember that it's unsecured!

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          #5
          Just how dangerous are those loans? Also, when they withdraw funds using the 4-day method, will there be any fees? Are there ever any fees with this company?
          Last edited by vassock; 02-17-2013, 09:18 PM.

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