Virgin Money

[seanm123]

Richard Branson’s company Virgin Money is now offering to broker and manage loans between family and friends in the USA around 3% undercutting the banks.


http://www.virginmoneyus.com/

Check out the loan calulator, wonder how well they are doing?

[jimmygu3]

Re: Virgin Money

Richard Branson’s company Virgin Money is now offering to broker and manage loans between family and friends in the USA around 3% undercutting the banks.


http://www.virginmoneyus.com/

Check out the loan calulator, wonder how well they are doing?

It's a cool idea. With official CPI at 4.3%, lending at 3% is a losing proposition, but I guess that's where the 'friends & family' part comes in. Seems like you could still run into a lot of the age old problems of lending to friends & family, even with a company managing the paperwork. If you default, Grandma still has to make the decision whether or not to repossess your car. Or foreclose on the house...