FinWhaleX: Peer-to-Peer Lending on the New level

falal

brand new

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Quote from: BARBARA61 on August 09, 2019, 08:35:20 AM

Quote from: lovro2000 on August 08, 2019, 04:45:50 AM

As I understand on FinWhaleX will be checked only information that is in open access and provided for free. This information will be enough to form credit rating.

It will be checked the information from the social networks and other information that borrower provided about him.

I think that the best checks are the real actions of the borrower. It is necessary to check how borrower returns the loan, does he pay in time.

poupeu

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Always reading and checking whitepapers and it is necessary to remember, that all information in whitepapers and roadmap is possitive, all predictions are possitive and very often they do not come true, the realization of all stages takes much more time that it is whitten in whitepapers.

coin_1122

full member

Activity: 1134

Merit: 102

Quote from: stereolubov on August 09, 2019, 05:25:45 AM

Quote from: faiziimemon on August 08, 2019, 07:24:14 AM

There is a big problem when borrowers do not return the loans. But in P2P platform all risks will have not a problem but a creditor.

It is very good that on FinWhaleX is transparent information about how borrower returns loans. The rating of borrower depends how successful borrower return a loans.

Really it is a very good choice that they designed in a different and based on the rating given by the borrower will give us some positive. Of course, we are in the beginning, but how far the system helps us to find the borrower and what will be interest rates and how long will he hold the funds with him.

donkeyramp

newbie

Activity: 39

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Quote from: Btc_1856 on August 09, 2019, 06:26:56 AM

Of course, it is a very good idea to check about the team and their experience but at the same time, we should also check their experience towards what they mentioned in the roadmap because without experience it is impossible to sustain in the market.

Unfortunately very rarely roadmap are realized in all points. Usually cryptocurrency startups develops much more slow than it is shown in roadmap.

matr1x33

newbie

Activity: 29

Merit: 0

I think that the best conditions for the loans will be provided for the loans with collateral. That is why to have a good conditions borrower must have a collateral.

BARBARA61

newbie

Activity: 28

Merit: 0

Quote from: lovro2000 on August 08, 2019, 04:45:50 AM

As I understand on FinWhaleX will be checked only information that is in open access and provided for free. This information will be enough to form credit rating.

It will be checked the information from the social networks and other information that borrower provided about him.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: Roscokov on August 09, 2019, 03:33:51 AM

Quote from: namtih016 on August 08, 2019, 08:42:10 AM

I think that it is very important to check the team and experience of the team and to see a MVP if Mvp is ready to get more information about the project.

Team is very important part of every project. That is why it is necessary to check the experience of the team and former projects of the team and how the former projects was successful.

Of course, it is a very good idea to check about the team and their experience but at the same time, we should also check their experience towards what they mentioned in the roadmap because without experience it is impossible to sustain in the market.

reggi123

brand new

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Quote from: Qasya5 on August 08, 2019, 06:44:04 AM

Borrowers who have the collateral for loans will have more advantages. It will be more simple to get a loan with collateral and the conditions of the loan will be better.

Loans with collateral much more secure than the loans without collateral. Borrowers who have a collateral have much more advantages.

stereolubov

newbie

Activity: 1

Merit: 0

Quote from: faiziimemon on August 08, 2019, 07:24:14 AM

There is a big problem when borrowers do not return the loans. But in P2P platform all risks will have not a problem but a creditor.

It is very good that on FinWhaleX is transparent information about how borrower returns loans. The rating of borrower depends how successful borrower return a loans.

mrright

newbie

Activity: 28

Merit: 0

Creditors on FinWhaleX platform will have the information about the rating of borrower and if the borrower have a collateral. If borrower return loans in time he has a good rating.

Dc147

newbie

Activity: 63

Merit: 0

Quote from: odoziaku on August 08, 2019, 08:02:14 AM

If borrowers would not return a credits for creditors on the P2P platform it will be a few creditors and the conditions of the credits would not be good.

On the P2P platform all the risks have only the creditors. P2P platform will get it commission in all the cases. But creditors must carefully check everything.

Roscokov

newbie

Activity: 35

Merit: 0

Quote from: namtih016 on August 08, 2019, 08:42:10 AM

I think that it is very important to check the team and experience of the team and to see a MVP if Mvp is ready to get more information about the project.

Team is very important part of every project. That is why it is necessary to check the experience of the team and former projects of the team and how the former projects was successful.

namtih016

newbie

Activity: 28

Merit: 0

Quote from: faiziimemon on August 07, 2019, 11:04:17 AM

That is why it is necessary not only to read Whitepapers. It is necessary to check all the information and compare this information with other information on different resourses.

I think that it is very important to check the team and experience of the team and to see a MVP if Mvp is ready to get more information about the project.

odoziaku

newbie

Activity: 43

Merit: 0

If borrowers would not return a credits for creditors on the P2P platform it will be a few creditors and the conditions of the credits would not be good.

faiziimemon

newbie

Activity: 33

Merit: 0

Quote from: zjgirt on August 07, 2019, 11:35:25 AM

Quote from: 13carl13 on August 06, 2019, 08:28:25 AM

Banks do not give the credits for borrower if they are not sure if borrower will return a credits, if borrowers have a bad reputation.

Very often borrowers do not return credits even for banks. That is why many borrowers have a bad credit history and cannot get a bank loans.

There is a big problem when borrowers do not return the loans. But in P2P platform all risks will have not a problem but a creditor.

Qasya5

newbie

Activity: 36

Merit: 0

Borrowers who have the collateral for loans will have more advantages. It will be more simple to get a loan with collateral and the conditions of the loan will be better.

jgh7d7

newbie

Activity: 31

Merit: 0

As I understand the more attention will be payed for loans with collateral and loans with collateral will have more advantages because they will be more secure.

jk29

newbie

Activity: 49

Merit: 0

Also will be checked all the information about borrow that is published in social network of the borrower and will be analize the social network of the borrower.

lovro2000

brand new

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As I understand on FinWhaleX will be checked only information that is in open access and provided for free. This information will be enough to form credit rating.

quyet012345678

newbie

Activity: 28

Merit: 0

There are a huge number of credit bureaus in different countries and usually credit bureaus provide information for money. Who will pay for information about the borrower's credit status?

Topic: FinWhaleX: Peer-to-Peer Lending on the New level (Read 1261 times)