hi. i think btcjam provides net-arb for free. in fact, i got plenty of email from net-arb, together with their findings and the corresponding award and the borrower's information. now, after this, what's next? who will collect the coins from the runaway borrower?
Well, other users told me that it had a huge fee, but I've never used a net-arb, so I have no idea. :/
Are you telling me they actually make money off defaulting users at the cost of investors? That doesn't sound right to me.
I'm quite concerned they haven't answered the question in that thread.
However, I have quite positive experiences as a borrower and as an investor.
If you have all verifications and an A+ rating like me it's quite easy to get your loans completely funded within 2 days. If you're willing to spend an interest rate of minimim 7-10 % per month for loans > 1 BTC.
As an investor I advice only to invest small amounts up to 0.10 to people who already repaid previous loans. Higher investments would be in people with A+ to B credit rating. Always look at people's loan history. Only invest if they have repaid a loan in similar range before.
This does not guarantee you of a 100% risk free investment but those are good tips for a starter.
Also don't only ask for loans but invest too. Even if it's just O.OO1 BTC. People will return the favor and follow you to be the first in your next loan. You get what you give.
