In Australia, private borrowing is part of the new financing instruments recently initiated through austalian private lenders in favour of australian borrowers who avoid to use australian banks.
In Australia, private financing‘s main objective is to help australian loan applicants to obtain access to funds in case they get rejected by banks and australian loan brokers mainly because of a poor credit score.
In Australia, private lending is granted via two different channels, the first using australian peer-to-peer lending platforms, the other one in reliyng on anonymous private lenders in the internet.
In Australia, a private loan can lead to scam or fraud as many persons with bas intentions pretending to lend money are just after advance payments and other fees without providing any loan.
PRIVATE LENDING SITES IN AUSTRALIA