Frequently Asked Questions about Finsocial.org (30/01/20)


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Joined: 26-01-2020
Posts: 7
composed on: 30-01-2020 14:11
Title: Frequently Asked Questions about Finsocial.org (30/01/20)


Q: What is this website?

A: Finsocial.org is a platform, that allows you to find a loan or invest in projects with no middlemen. This is called P2P Lending. You can find more detailed information on our homepage: https://www.finsocial.org

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Q: How do I get a loan?

A: To get a loan, you must first publish your loan to the loan marketplace. It can be easily done by completing the following steps:
1) Login to the dashboard
2) Create an application for a loan
3) Fill out the details
4) Submit the application

Next, you should wait for offers from the potential lenders.
After that, select the lender that you prefer the most, and contact them to discuss the next steps.

Don't forget to be careful with sending money transactions and sharing personal information.

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Q: How long will it take until I will get the loan?

A: With Finsocial.org, this all depends on:
  • How much traction your loan application will have among the investors
  • The lifetime of the loan application you will set during the creation of the loan
  • How soon you will decide to choose the right investor for yourself

Other factors can include, but not limited to:
  • How fast will the investor respond
  • How soon will you agree

But those factors are outside of our possible measurement, so we can't guarantee a fast/reliable contact with an investor.

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Q: How do I lend someone money?

A: To lend money, you must:
1) Login to the dashboard
2) Go to the loan marketplace
3) Choose the most attractive loan
4) Join the auction by setting a preferred interest rate for the loan you've selected.

Next, wait for the borrower to decide.
If the borrower decides to choose you, great! Now you need to contact them to discuss the next steps.

Don't forget to be careful with sending money transactions and sharing personal information.

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Q: Is Finsocial.org involved with loan agreements between the users?

A: Finsocial.org provides a platform that allows the user to discover and connect with other users to:
  • Find financial support
  • Find where they can invest money to individuals/companies

As mentioned in our Disclaimer at the bottom of our website:
"FinSocial does not issue loans and does not guarantee receipt of loans from other users. FinSocial does not act as an arbitrator in various disputes related to the credit and financial activities of users. All financial interactions between users of the FinSocial network are carried out exclusively by agreement between users. Please be careful when transfer money or transmitting personal information about yourself of other users!"

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Q: Do I need to give Finsocial.org my personal/banking details?

A: Finsocial.org will never, in any circumstance, request such information. If you will ever get a request to share your personal/banking details, do not share.

Be careful with sending money transactions and sharing personal information.

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Q: There is a website feature that does not work. What should I do?

A: We are sorry about that. Please report any issues with the website here: https://www.finsocial.org/forum/sbbf4-finsocial-org-bug-report.html

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Q: I suspect a user to be a scammer/bot, what should I do?

A: Please report them through our website. Our administration will take care of the rest.

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Last updated on 30/01/2020.