Lending Club

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February 28th, 2013 at 2:31:25 PM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 62
Posts: 7831
Quote: Pacomartin
Immigrant groups have been making off the book loans to each other for centuries. Usually they count on a shared ethos, and the fear of public shame to collect their money.
I heard sometime ago that the Jewish free loan society in NYC closed its doors awhile ago. Don't know if it was due to bad debts or not.
February 28th, 2013 at 3:26:58 PM permalink
whatme
Member since: Oct 24, 2012
Threads: 0
Posts: 21
Quote: Fleastiff
I heard sometime ago that the Jewish free loan society in NYC closed its doors awhile ago. Don't know if it was due to bad debts or not.


In nyc there are quite a # of Jewish loan societies. It might be that the people who put up the $ passed away.

In the Jewish community for all loan societies there will be NO PUBLIC KNOWLEDGE of any loan even if the person doesn't pay.
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