Saw a few pages on the internet and I was looking to know if someone invest in loans and if it is profitable.
Seems like people don't repay them.
Seems like people don't repay them.
I dont really understand your question.
I'm not a native english speaker but this question is easy to understand.
Does anyone invest in loans outside this forum ?
Are they profitable ?
As far as I see on the internet people don't look foward to repay them.
Well mate you have to understand why the internet loans are so profitable. Why do they have interests of consistently over 15% p.a. when bank interests are slipping down to sub zero percentages?
When there is a risk there is a reward and with internet lending there is a large risk, and therefore a large reward.
btcjam accounts can be bought and sold. They can be hacked, and then sold on a marketplace. The buyer will then proceed to taking out a loan with that account, and of course, never paying it back. Holding another person's ID over the internet isn't that useful either, since you're probably across different borders and there isn't really a chance for you to go to court with him with such a small amount in a foreign country.
So it's all about your risk tolerance really. I suggest that you think of lending out money as giving out money. You should expect people not to pay you back, but if they do then see it as something special.
Thanks yuuto for the kind answer.
