Topic: Loans too risky? - page 37. (Read 67086 times)
Is there any thing that is not risky? Actually in the "real world" loan is not that risky because of the fact that the individual can be verified and also the collateral can equally be verified but on a forum like this you just have to rely on trust in which most people dont value even the accounts that is mostly used as collateral and I have seen, even after reading a lot of thread could be compromised and the individual, abandon everything all together. This and many other reasons makes it very risky but with various controls put in place, it ca definitely be controlled.
yes it's risky so better look out for an escrow. but loans are really risky as we know because if you're gonna loan with bitcoin you're sending and receiving anonymously more or less it's not a secured process when it comes in lending/loaning bitcoins. and if asking for a collateral accounts in bitcoin is not that much less risky . much better stay out of loan but we know that we need to trade and loan/lend to make our bitcoin grow. if i where you im gonna invest more bitcoin and stay out of this kind of business. there's a lot of scammers this days so be vigilant.
What? How can you use escrow in a loan? The other side need the money.
Collateral must have worth 120%+ so you can have protection against scammers, that's not hard to make business with lending. No collateral, no loan.
yes it's risky so better look out for an escrow. but loans are really risky as we know because if you're gonna loan with bitcoin you're sending and receiving anonymously more or less it's not a secured process when it comes in lending/loaning bitcoins. and if asking for a collateral accounts in bitcoin is not that much less risky . much better stay out of loan but we know that we need to trade and loan/lend to make our bitcoin grow. if i where you im gonna invest more bitcoin and stay out of this kind of business. there's a lot of scammers this days so be vigilant.
What? How can you use escrow in a loan? The other side need the money.
Collateral must have worth 120%+ so you can have protection against scammers, that's not hard to make business with lending. No collateral, no loan.
yes it's risky so better look out for an escrow. but loans are really risky as we know because if you're gonna loan with bitcoin you're sending and receiving anonymously more or less it's not a secured process when it comes in lending/loaning bitcoins. and if asking for a collateral accounts in bitcoin is not that much less risky . much better stay out of loan but we know that we need to trade and loan/lend to make our bitcoin grow. if i where you im gonna invest more bitcoin and stay out of this kind of business. there's a lot of scammers this days so be vigilant.
Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.
Yes, Many people think that getting a loan and forget to pay about it was pretty fine since the company the lend money don't know them personally. i am working on a company that lends money to those small micro entrepreneur but before they get a loan, they need to undergo on some procedure, although the company already have the background investigation of the borrower, it is still risky because there's a lot of swindler people in the world. they will do everything just to get a loan.
Moreover, it's less risky in real world compared in online world when we talk of lending money.
Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.
Yes, Many people think that getting a loan and forget to pay about it was pretty fine since the company the lend money don't know them personally. i am working on a company that lends money to those small micro entrepreneur but before they get a loan, they need to undergo on some procedure, although the company already have the background investigation of the borrower, it is still risky because there's a lot of swindler people in the world. they will do everything just to get a loan.
It is easy to apply online here in forum if you have a very good collateral and you had been trusted by some of the trusted people here. But many lenders are still depending on your source of income, so that they have assurance that whenever you are going to borrow. They have assurance that you are going to pay your debt.
I have tried applying for loan on the forum, despite the collateral I have, I was rejected and given a very bad review which made me stay very far away from those lenders, they can be very cruel at times. Just respect yourself and find hardwork to do so you can solve your problem instead of seeking for loan that you may never get.Time will come I might take a loan here just to experience how it is done.
It is easy to apply online here in forum if you have a very good collateral and you had been trusted by some of the trusted people here. But many lenders are still depending on your source of income, so that they have assurance that whenever you are going to borrow. They have assurance that you are going to pay your debt.
I have tried applying for loan on the forum, despite the collateral I have, I was rejected and given a very bad review which made me stay very far away from those lenders, they can be very cruel at times. Just respect yourself and find hardwork to do so you can solve your problem instead of seeking for loan that you may never get.Time will come I might take a loan here just to experience how it is done.
Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.
In the past this forum were lending bitcoins almost without colateral, still have few people that does take this risk, but they are advised to dont do such, the problem is some people with the hack they made here are selling the accounts as they saw they could make a revenue from those, some people does have over 50 or 200 accounts, its insane ammount.
Yes, I also think that giving out loans is too risky. Some people will never bother paying you most especially if there's no collateral involved. Other people are willing to ruin their name for just a couple of dollars. If you're going to try making money out of giving out loans, I wouldn't recommend doing it. There's a lot of scammers here on the Internet.
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
Yes it's really risky when you are not a borrower person if you really want to risk your information and your privacy then make sure that the lenderer is good so he can be talked that peace if i will going to choose between loans then i am going to bank it is more safer than people to people. 
That's right, you cannot just establish a lending business here without considering the risk. In my case, I would not have that kind of business online as I believe it is more profitable to have a lending business in the physical world. Take it from me who have experience working in a lending company.
It's hard to make lending business in real life , unless you're ready to build it and put your efforts to them.But , for online loans it's too risky because as pointed by others you can't track the borrower and seems the collateral going to sell after get loan (this is just an old scam strategy , and many members get trapped with those).
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer.
Giving out loans as in hoping to make some profits is just a dumb thing to do. It's not only time consuming, but the risk of having for example altcoins as collateral weighs too heavy. Yes, you can try to sell the collateral at the time the value is going down, but what if you sleep and the value tanked far below the 100% level? You can bet that the person who received the loan will most likely not pay back that loan.
There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
Risks don't outweigh the potential benefits. In that matter it's better to stay away from giving out loans just because of your intention to make profit. If you want to help out the community by giving out loans to trusted people, then it's of course different. However, people being trusted doesn't mean anything as we have noticed in the last years.
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
Loaning business is really a risky investment and scammers are there always even on offline or physical world. The difficult thing on online world that anybody could use anyones identity just to hide themselves even they present and give you the documents that you need you arent still assure that it was a legit person.You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
Loaning business is really a risky investment and scammers are there always even on offline or physical world. The difficult thing on online world that anybody could use anyones identity just to hide themselves even they present and give you the documents that you need you arent still assure that it was a legit person. You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
Loans too risky for unknown peoples, For example If you want to loan some BTC
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
You must get the same value from him ( documents , accounts etc.. ) because if one day he will run with the money, You can catch him
Nowadays, There is high number of scammer who want to steal money from others.
Then, don't Trust anyone.
It's really worth it as it helps the community, gives you a small profit, and helps you gain a positive reputation in this forum. If you're worried about scammers on this forum, there is definitely some, but just never give loans without any form of collateral that you can possess if they default on the loan.
It helps some people in the community, yes. Those people that really need some money and know that they can repay, those are the only people that are truly being helped by loans. But the problem is, someone can easily pretend that he's in need of money when the truth is he's just selling his collateral by getting a loan from somebody. They don't even care if they get rid of it with a lower price.Exactly, and because of such people it has become a risky way of earning a little extra bitcoins for everyone, because any kind of person with a collateral he may does not need anymore would come and apply for a loan, and as long as their collateral is valid you don't deny as you are in that business.
I would only give a loan to a person I know personally.
Everything else must be considered as gambling. I do not do that.
It's pretty obious that loans are too risky and it's always depends on the companies you are going to give some loans but if you are going to give a loan to person you know personally then it is a good thing but sometimes that person always took year's before he will pay you.Everything else must be considered as gambling. I do not do that.
And most of the time he ends up not paying you at all. This happens very often. People are so confident that it's okay for them to not pay their loans from you because you're a close friend or a relative. But it's actually not. This is a 100% loss of you. You can't even put somebody in jail for not paying a loan from you. That's why collateral should always be required even when it comes to your close friends. People promise this and that but ends up not paying you at all.
I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?
Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
ofcourse , to take loan is a Risky work .Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
well here i saw some thread where two people gives and take loan successfully but when i saw the posts of the two user then i saw a similarities that the type pf posting language was same ( so same person making fool to everyone )
well if you take loan then return it into given time of deal .
do everything with honestly , no problem will genrate here .
as long as you monitoring and selective in giving out the loan to trusted and well known people only or maybe a person that have enough cllateral to cover the loan in case they are defaulted , risky always there so you don't have to discuss it.
That reality makes lending here is risky.
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