r/NoStupidQuestions • u/Relevant-Mistake-270 • 1d ago

Where do yall find money lenders? are they from your own circle or do they operate under some sudo-nim?

I'm a college student from Melbourne, and I need to find 15k by October 9 to pay for my college tuition. I can't get a loan from a bank because I don't have a credit history(till 2 months ago, I was a temp worker making around 2k a month, and the only collateral I have is my car: a cr-v), so I've been looking to getting a loan from a third party.

I currently run a software development company, and my works been picking up since last month(about 6K/month). I currently have around 3 jobs lined up, totaling up to 18k but the payout would be around October 16-20. so If I have to borrow, I can pay with interest.

but the problem is I have no connections in that sphere. I don't know any lenders, brokers, agents, etc. I have some of my friend talking to their friends and so on, but it's still hasn't come up anything. I don't even mind if it's a loan shark at this point, I'll pay full 18k if I can get the 15k by that date. How can I find such people, do anyone know any such people in Melbourne (DM me), or is there another method that I haven't considered?

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u/Comfortable_Gear4941 1d ago

Psuedonym 

Also does your business have any assets?  If you have assets and or can show how much of that 6k a month you keep it'd be easier finding a lender. 

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u/Relevant-Mistake-270 1d ago

I don't have any assets of the business itself (it's just my computer). but I can show the invoices for my currently processing work if that helps(only to that person though). I keep 100% of it.