Some actual feedback on using Mooch
I know everyone has seen referral codes posted on everyone of these pages but I wanted to share my actual results from lending with the platform over the last 9(ish) weeks.
Having deposited approximately $1100 I’ve been able to net roughly $500 so far after loaning that money out repeatedly. It hasn’t all been smooth sailing, I’ve lent a few lessons having loaned to some people who are yet to repay but I’ve tightened up my criteria based on those experiences and even taking those as a loss (despite still having the chance of recovering the funds) it’s a pretty incredible amount of cash to have been able to generate over that period from the input.
Happy to answer any questions if people are interested in giving it a go. Obviously there are risks in this but I think they can be managed pretty well.
There’s also the $50 sign up credit which is pretty worthwhile given they guarantee your first loan too. Can be accessed with the code below 👇
MOOCH-3B65UQYX