Let's be honest for a minute shall we? There are three types posting here.....people called honorable lenders who are demanding outrageous rates that would get them thrown into prison for breaking usury laws, the second group are outright scammers, and the third class is honest people needing a few bucks for a while.
The scammers are just scammers and that doesn't need to be discussed.
The lenders are offering to make a loan, which over the internet can be considered high risk, but they are demanding high risk rewards without taking ANY risks! They demand collateral that far exceeds the loan in case you "default". Obviously they know jackshit about lending to make money. If you are going to make a high risk loan and get high risk rewards, then stick the collateral and other hoops you want people to jump through up your........You can't have it both ways. Either loan at normal rates with normal securities in place, OR make higher risk loans that offer higher rewards. Stop the stupid shit of asking insane rates on guaranteed loans FFS.
Thank you Xardas and Seoincorporation, they show there is some people with humility, morals and good sense of judgement. We all have to be aware of scammers as this forum is filled with them but just cause evil outweighs the good, does not mean you have to join that side to do good.