Faced with Liu Menglong's question, Red Sister nodded and replied casually, "It's not usury. It's private lending."
"My personal view is that a lot of people misunderstand private lending. Actually, as long as there's a project that can make quick money, even usury can be touched. But if the profits and repayment period aren't clear, then don't touch it... Private lending can't be gambled on. It can only be used for emergencies."
That was her personal experience, and she had every right to say it.
However, although Liu Menglong had a strong scholarly air about him, he was not completely naive. He asked doubtfully, "But if the project is good, could someone force a usury loan on me?"
At the end of the day, he did not want anything to do with usury. What decent person would?
"That's the low-class stuff," Red Sister replied casually. "Things like deducting one-tenth upfront and demanding thirty percent interest—lend you ten thousand, but only give you nine thousand... That's for casinos. People with serious money to lend prefer quality projects."
"When there's easy money to be made, who'd be stupid enough to make money that's hard to collect and might even be illegal?"
Liu Menglong was a little dumbfounded and did not know what to say. "How about... I think it over some more?"
"Then think it over yourself," Red Sister replied indifferently. "Anyway, if I dare say this in front of Feng Jun, I'm definitely not trying to harm you. You're looking for money, and private capital is looking for projects too... My word still carries some weight. If you don't believe me, ask Feng Old Third."
"Alright, stop scaring him," Feng Jun said with a smile. "Big Brother Liu has always been an honest man at school. Why keep pushing private lending