In Ireland, private borrowing consists of a newly created financing option granted through an orish private investor who is placing his money with an irish money borrower.
In Ireland, private lending is intended to give the possibility to an irish consumer to fresh money particularly when he or she feels rejected by irish banks because of his or her credit score or a lack of source of revenues.
In Ireland, a private loan can be obtained either through irish private lenders who offer their services online or via P2P (peer-to-peer) platforms who bring irish private investors and loan applicants together.
In Ireland, private financing shall be used on a careful basis in view of a high number of scammers polluating this new type of business by asking for upfront fees against loan which are not exisiting.
PRIVATE LENDING IN IRELAND