Ladies and gentlemen, boys and girls.
I'm 23, and earning a nice penny as a recruitment consultant. However when I was younger I was silly with finance products etc. I'm currently recovering from debt of a tune of £25,000.
I have been an invester in people like myself as I've been recovering from my situation and was looking at individuals who would like to take the leap of faith with myself.
My debt is split up over 3 or 4 products, but my average APR is 27% over 4 years.
Even the best banks and P2P investers will only offer investers a return of around 5-7 % APR but these investments tend to take multiple years to achieve this rate.
My idea? To cut out the middlemen on you potential investers. I will offer a return of 12% to any investers who will support myself. This significantly improves your return, and significantly reduced my output to the banks.
To give you an idea, I earn £27,000 + Bonus of around £3,000 a year - my repayments are over £700 a month ( £8,400 a year) I pay them happily as it is what I've signed up for. That being said I don't want my money going to fatcat bankers who are looking forward to their 6 holidays a year.
For those of you who'd like me to do the maths for you, see below!
At £50:
| Year | Year Interest | Total Interest | Balance |
| 1 | £6.34 | £6.34 | £56.34 |
| 2 | £7.15 | £13.49 | £63.49 |
| 3 | £8.05 | £21.54 | £71.54 |
| 4 | £9.07 | £30.61 | £80.61 |
| 5 | £10.22 | £40.83 | £90.83 |
At £100:
| Year | Year Interest | Total Interest | Balance |
| 1 | £12.68 | £12.68 | £112.68 |
| 2 | £14.29 | £26.97 | £126.97 |
| 3 | £16.10 | £43.08 | £143.08 |
| 4 | £18.15 | £61.22 | £161.22 |
| 5 | £20.45 | £81.67 | £181.67 |
At £250:
| Year | Year Interest | Total Interest | Balance |
| 1 | £31.71 | £31.71 | £281.71 |
| 2 | £35.73 | £67.43 | £317.43 |
| 3 | £40.26 | £107.69 | £357.69 |
| 4 | £45.36 | £153.06 | £403.06 |
| 5 | £51.12 | £204.17 | £454.17 |
At £500:
| Year | Year Interest | Total Interest | Balance |
| 1 | £63.41 | £63.41 | £563.41 |
| 2 | £71.45 | £134.87 | £634.87 |
| 3 | £80.52 | £215.38 | £715.38 |
| 4 | £90.73 | £306.11 | £806.11 |
| 5 | £102.24 | £408.35 | £908.35 |
For more? I'm sure if you're willing to put more than £500 in, you're smart enough to work out the profit! However if you'd just like to check... see http://www.thecalculatorsite.com/finance/calculators/savings-calculators.php
Interest is worked out monthly on a base of 12% annual return, it's compound interest and you'll be repaid monthly too!
If you would like to recieve all of your money back, you'll only be entitled to the amount at the time of the close of the last interest period ( the interest period is worked out each month from the first date you sent your money in).
I hope you are interested in this, it both helps me and helps yourself.
Regards