Topic: Loans too risky? - page 59. (Read 67101 times)
When giving out a loan in Bitcoins it involves a lot of risk of not getting them back, but if you make use of a trusted Escrow service who collects appropriate and necessary identification documents and probably some form of security that would ensure repayment by the borrower, then you're in safer hands. It's better to understand the purpose of the loan, the amount and if it sounds like a reliable deal. Consider yourself as a bank, and collect the necessary prerequisit documents from the borrower, this should do the trick. Also it's tough to make a background check of the borrower online, hence it's still very risky dealing in loans online.
i think that loans are really too risky, if you want to make some money then you shouldnt do that because people might just steal your money and that would be it
I wouldnt do that also except for a friend that I can see personally and a real friend. I just cant trust anyone who I know just online or in some forums. Maybe someday but not now. It is really hard to risk.
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business 
Since ever loaning business is the most risky business at all. But when they are going to have good clients they are going to have smooth profits daily with the interest that they can get on it. Of course before you are going to let someone borrow your money you are going to have certain requirements in able for you to trust him that he can pay the money his loaning.
No, loaning business is not risky, it all depends on the requirements you had. If you strictly implement a verification before someone can loan then you can lessen the risk and can assure a safeway to make a business, it is all about your implementation on how secure your going to put with your business.
i think that loans are really too risky, if you want to make some money then you shouldnt do that because people might just steal your money and that would be it
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business
Since ever loaning business is the most risky business at all. But when they are going to have good clients they are going to have smooth profits daily with the interest that they can get on it. Of course before you are going to let someone borrow your money you are going to have certain requirements in able for you to trust him that he can pay the money his loaning.
No, loaning business is not risky, it all depends on the requirements you had. If you strictly implement a verification before someone can loan then you can lessen the risk and can assure a safeway to make a business, it is all about your implementation on how secure your going to put with your business.
Loans are risky first and foremost if the amount is very huge compare to your earnings. But if it's a small amount then its not risky at all.
In addition if you have no source of funds to pay your loans and the funds will be coming to the project that you established using the loans money in form of btc, and has no 100% return profit guarantee then its like a suicide.
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business
Since ever loaning business is the most risky business at all. But when they are going to have good clients they are going to have smooth profits daily with the interest that they can get on it. Of course before you are going to let someone borrow your money you are going to have certain requirements in able for you to trust him that he can pay the money his loaning.
No, loaning business is not risky, it all depends on the requirements you had. If you strictly implement a verification before someone can loan then you can lessen the risk and can assure a safeway to make a business, it is all about your implementation on how secure your going to put with your business.
yes there is no doubt about this that loan is too risky actually the reason is that if you take loan from some one and buy bitcoin with it. and suddenly the price fell down. then you have to wait for such a long time depending on the downfall of the price and then the increasing rate. so how will you return the loan to the person when the price is still very low and not yet even reached to its original price.
It is simple when you make loans do not do it due to investment on hyip or gambling reasons. Instead sell it and create or establish a real business that you can handle.
It's less risky. Investing online is very risky due to existence of multiple scam sites and scammers.
But the loaner must make a loan based on value not on the amount otherwise it will be problematic to the loaner.
yes there is no doubt about this that loan is too risky actually the reason is that if you take loan from some one and buy bitcoin with it. and suddenly the price fell down. then you have to wait for such a long time depending on the downfall of the price and then the increasing rate. so how will you return the loan to the person when the price is still very low and not yet even reached to its original price.
loaning is always too risky because people that gets money usually won't want to give that money back not matter what so it is pretty risky
it always happens to me when I lend it to my friends, they are always difficult to pay back.but if I lend in this forum or elsewhere that there is a collateral, so it does not matter if they do not pay. because collateral should have the same value or more of the loan amount.
Collateral should have more value than the amount you are loaning. Maybe a 20% more value should be enough. Lending is a business and should have profit. If the loan is just the same amount as the collateral, then if they default, you do not have any income.
loaning is always too risky because people that gets money usually won't want to give that money back not matter what so it is pretty risky
it always happens to me when I lend it to my friends, they are always difficult to pay back.but if I lend in this forum or elsewhere that there is a collateral, so it does not matter if they do not pay. because collateral should have the same value or more of the loan amount.
Collateral should have more value than the amount you are loaning. Maybe a 20% more value should be enough. Lending is a business and should have profit. If the loan is just the same amount as the collateral, then if they default, you do not have any income.
loaning is always too risky because people that gets money usually won't want to give that money back not matter what so it is pretty risky
it always happens to me when I lend it to my friends, they are always difficult to pay back.but if I lend in this forum or elsewhere that there is a collateral, so it does not matter if they do not pay. because collateral should have the same value or more of the loan amount.
Collateral should have more value than the amount you are loaning. Maybe a 20% more value should be enough. Lending is a business and should have profit. If the loan is just the same amount as the collateral, then if they default, you do not have any income.
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business
It's risky, but with good collateral, it's makes loans business become a good one. Because it's like we lost our money but changed into something. We also can ask higher collateral than his loans.
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business
Since ever loaning business is the most risky business at all. But when they are going to have good clients they are going to have smooth profits daily with the interest that they can get on it. Of course before you are going to let someone borrow your money you are going to have certain requirements in able for you to trust him that he can pay the money his loaning.
Loans are too risky if you ask for huge amount which you can't affors to repay back, or if you give loan without getting a valid collateral. Otherwise i don't think it's risky way
I think if we are a borrower and lender will extend a loan to us without any collateral then that would be in our advantage. As much as possible we should pay the amount due to have our reputation maintain in this forum, it is not easy to build such reputation and we are just going to risk for a small loan.nobody in his right mind will give you a loan without collateral maybe you can borrow a small amount of money from a relative and give it back later but that is not called a loan.
all banks will take some kind of collateral or some kind of assurance that if you didn't pay they can act on it to get their money+profit back.
If youre lending that sum for no collateral I have no words.
Anyone in the right mind getting that loan has to have something equal to the value to represent something near that value they want to lend - if they want a lower rate. Also a lender takes all the risks since they hoping their job will last them long enough for finish the payment cycle for their loan.
Before having to use someone collect it for then.
Loans are too risky if you ask for huge amount which you can't affors to repay back, or if you give loan without getting a valid collateral. Otherwise i don't think it's risky way
I think if we are a borrower and lender will extend a loan to us without any collateral then that would be in our advantage. As much as possible we should pay the amount due to have our reputation maintain in this forum, it is not easy to build such reputation and we are just going to risk for a small loan.nobody in his right mind will give you a loan without collateral maybe you can borrow a small amount of money from a relative and give it back later but that is not called a loan.
all banks will take some kind of collateral or some kind of assurance that if you didn't pay they can act on it to get their money+profit back.
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business
Loan is alway been a risky business. Gambling your money with unknown people who just present their credential and get approved with just 2% to 3% profit a per term. Aside from it is not that profitable because of setting the interest in small fraction, It will also take time for you to get the whole amount back.
Loans are a risky business. You don't know who you are giving the money to and they can fake all their credentials just to get trust from you. I would not see loaning online as a viable business
Loans are too risky if you ask for huge amount which you can't affors to repay back, or if you give loan without getting a valid collateral. Otherwise i don't think it's risky way
I think if we are a borrower and lender will extend a loan to us without any collateral then that would be in our advantage. As much as possible we should pay the amount due to have our reputation maintain in this forum, it is not easy to build such reputation and we are just going to risk for a small loan.Paying back is mandatory, but the real problem is what do you do if he person who took the loan, can't pay you back?
In that case you will lose money because how will you trace this person offline, if you got no clue who this person is. Withf his bitcointalk reputation?
Loans are too risky if you ask for huge amount which you can't affors to repay back, or if you give loan without getting a valid collateral. Otherwise i don't think it's risky way
I think if we are a borrower and lender will extend a loan to us without any collateral then that would be in our advantage. As much as possible we should pay the amount due to have our reputation maintain in this forum, it is not easy to build such reputation and we are just going to risk for a small loan.nobody in his right mind will give you a loan without collateral maybe you can borrow a small amount of money from a relative and give it back later but that is not called a loan.
all banks will take some kind of collateral or some kind of assurance that if you didn't pay they can act on it to get their money+profit back.
Loans are too risky if you ask for huge amount which you can't affors to repay back, or if you give loan without getting a valid collateral. Otherwise i don't think it's risky way
I think if we are a borrower and lender will extend a loan to us without any collateral then that would be in our advantage. As much as possible we should pay the amount due to have our reputation maintain in this forum, it is not easy to build such reputation and we are just going to risk for a small loan.Jump to: