FINLAND PRIVATE LOAN
In Finland, a private loan consists of a cash facility which is offered through private lenders to Finnish consumers and Finnish business people without involving the lending services of a Finnish bank.
In Finland, private borrowing offers the unique opportunity to Finnish borrowers who are facing serious problems to obtain a loan from a bank because of a bad credit score, to get access to private funds.
In Finland, in addition to classical banks, private lenders offer access to cash via peer-to-peer lending platforms which bring together Finnish borrowers and Finnish private investors or lenders to proceed with private loans.
In Finland, private loans can be subject to scams as some of private persons pretending to act as private lenders attract private borrowers who are facing financial difficulties with the objectives to extort fee and money without providing any credit facility.