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Myths guide us in every aspect of life and receivables are not an exception. Check out the three P2P receivable myths that may have restrained you from making your first receivables or may have prevented you from obtaining the maximum return that this kind of receivable provides.
Myth N°1
You have to start with a large sum
This deception can make any novice user quit before he has even started purchasing of receivables. It disturbs plenty of users that do not have to be millionaires in order to start purchasing of receivables their funds adequately and to obtain their return.
One of the great advantages of P2P portals is exactly this – anyone can purchase in them with a sum of their choice (the minimum receivable threshold is defined individually by the portal)
In order to start purchasing of receivables in a single loan or a part of it at iuvo, you will need exactly 10 Bulgarian Levs or 10 Euros. This allows you to begin with smaller sums while familiarizing with the portal until you feel confident and calm enough when you are working with us and generating your return.
Myth N°2
These are receivables that require specific knowledge and skills and you won’t be able to handle them
There’s nothing new or complex in the business model of peer-to-peer portals. They connect users with borrowers who look for funding. Iuvo works with originators, non-banking financial institutions with long-standing experience, which list on the portal the loans they have lent. Users can view details of every loan and purchase in it, if they want to.
These portals are part of the fintech revolution, which completely altered the shape of financial services in the past few years and made them more accessible and flexible. That’s why purchasing of receivables in iuvo does not require any previous experience or a specific skillset. Of course, if you can obtain the maximum from the purchased funds you will have to study the basics. You can read advice from top experts in the field here.
Myth N°3
P2P receivables are strongly insecure
Every P2P portal is different and utilizes different mechanisms to guarantee stability and predictability for its users.
One of the methods that iuvo uses is the buyback guarantee that we have for all of our loans. It guarantees that the principal amount purchased in each loan that has been delayed over sixty days will be refunded.
Besides the buyback guarantee, originators keep a part of each loan for themselves that has been listed on the portal (i.e. the loan is not funded a hundred percent by the users). That guarantees their engagement anytime throughout the entire process while the loan is being paid out.
P2P portals are becoming a more popular and accessible method to make your money work for you. Depending on the risk profile, you may use them as alternative to a bank add funds while purchasing of receivables in low-risk loans with small but stable return, or to generate high annual return while building your portfolio with appropriate loans. Start purchasing of receivables today!
The funds purchased via the portal are not add fundss and therefore they are neither protected by the law, nor their return is guaranteed. The portal’s activity is not legislatively regulated by laws concerning receivable brokers.
