Loans too risky? - page 72. | Bitcointalksearch.org

arwin100

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Quote from: CoinSiteDesigner on April 27, 2016, 11:11:16 PM

Quote from: Jmild1 on April 27, 2016, 11:28:15 AM

People are selfish and greedy, once they get want they want. They will no longer bother to care because they think taking advantage with someone will benefit them without thinking that they hurt others

Not everyone are like that, but yeah. People who won't be same after getting the loan as they were before requesting the loan. Mindset changes quickly after he got what he want and there are only a few people who appreciate the person who helped them in time and will try to return the money quickly.

Well Yeah thats one of the risk giving loans to people online someother stole the identity so that they can ask loan and didnt compromise their self although other people get the loans and aftee days past struggle to give you back the pay and almost forgot what is obligation to or even worst he wont pay, and also if your a loan requestor is very risky also because your identity is @ stake with that.

CoinSiteDesigner

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Quote from: Jmild1 on April 27, 2016, 11:28:15 AM

People are selfish and greedy, once they get want they want. They will no longer bother to care because they think taking advantage with someone will benefit them without thinking that they hurt others

Not everyone are like that, but yeah. People who won't be same after getting the loan as they were before requesting the loan. Mindset changes quickly after he got what he want and there are only a few people who appreciate the person who helped them in time and will try to return the money quickly.

Jmild1

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People are selfish and greedy, once they get want they want. They will no longer bother to care because they think taking advantage with someone will benefit them without thinking that they hurt others

avw1982

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Quote from: Jasad on April 27, 2016, 08:59:39 AM

Depend on what your plan with that loan,if you have plan to make your loan for investement and return the loan in correct tme,its not risky. but if you dont have any plan with you loan,its really risky,you will unable to pay your loan on time.

Nope bro! its too much risky When its comes to lending to others. They is no responsibility to payback the loan.

Razick

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I would strongly recommend that you stay away from loans. Unless you do everything perfectly, and possibly even then, you'll lose money.

If you insist of giving out loans, look into a reputable P2p lending service with credit checks. Perhaps BTCJam? I'm not sure if they are still reliable and they no longer allow US investment. Even with P2p lending, it's still risky.

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= jasad =

Depend on what your plan with that loan,if you have plan to make your loan for investement and return the loan in correct tme,its not risky. but if you dont have any plan with you loan,its really risky,you will unable to pay your loan on time.

michnelli6

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Quote from: harizen on April 25, 2016, 06:37:21 AM

Quote from: Nameless Coin on April 25, 2016, 04:42:16 AM

Yeah taking a loan is always risky and a negative thing in my opinion because you will have to pay more then you will loan. But if you can pay it without a problem it should be no big deal to take a loan.

Of course that's how loan works. Lenders must make profits so the service will expand to multiple borrowers.

But there are lenders who do a no interest loan especially if it's your close friend or know your capability of repaiding it in a matter of short term.

I also ask from friends and family members for a loan as it has a good benefit of not giving any extra money as interest on that, and I repay them whenever I wish and whenever I have some money.

MingLee

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Quote from: pattu1 on April 26, 2016, 11:33:10 AM

Quote from: valta4065 on April 26, 2016, 03:56:26 AM

Ok so after a few experiences in loaning I'd say:
It's risky but not if you use plateforms like BTC jam. Not that they get you really secured (they don't) but they allow you to loan lot's of little amounts. And if you diversify your investments a lots it becomes really less risky!

These P2P lending sites had their share of the limelight, but now the defaults seem to be catching up there too.

Defaults are going to be appearing everywhere over the next little while, since we're getting close to the halving a lot of people are going to try and run off with what they can to make money with, and then sell once they've made their share.

P2P used to be good, but it isn't all that profitable anymore, because you'll probably lose more in a few defaults than you'll make over time.

pattu1

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Quote from: valta4065 on April 26, 2016, 03:56:26 AM

Ok so after a few experiences in loaning I'd say:
It's risky but not if you use plateforms like BTC jam. Not that they get you really secured (they don't) but they allow you to loan lot's of little amounts. And if you diversify your investments a lots it becomes really less risky!

These P2P lending sites had their share of the limelight, but now the defaults seem to be catching up there too.

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Ok so after a few experiences in loaning I'd say:
It's risky but not if you use plateforms like BTC jam. Not that they get you really secured (they don't) but they allow you to loan lot's of little amounts. And if you diversify your investments a lots it becomes really less risky!

arwin100

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Quote from: davinchi on April 26, 2016, 01:43:31 AM

Quote from: Nameless Coin on April 25, 2016, 04:42:16 AM

Quote from: OrangeII on April 23, 2016, 12:33:05 PM

of course it is very risky.
at first they wanted to borrow money or bitcoin we have to face that really should be loaned out, and when they have money, they probably will not return and instead use it for other purposes. beware lending

Yeah taking a loan is always risky and a negative thing in my opinion because you will have to pay more then you will loan. But if you can pay it without a problem it should be no big deal to take a loan.

I also believe that giving interest on loans is not a good point, person ask for loan because he is need it and we have some money then why we ask extra money from those people who already need some money, we have to help them in starting their job or some business.

Because loaner also need money to roll simple answer for that because they want to make profit For their money andit is risk for them also to give loan for people they dont know. And The loaner also will get profit for their borrowed money because they barrowed it so they can invest on what they want wish to join for. Giving loan is risky for your money high chance for thatf is you cannot get back your money in The right time and if you giving loan online the bigger the risk and better say sorry for you f the person relly dont pay.

phreaky

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Loaning money for example is going to cost you more money so in fact you have to pay for money. But you should only take a loan for something important that you need in live.
Do not take a loan if you do not have a good reason to do so.

davinchi

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Quote from: Nameless Coin on April 25, 2016, 04:42:16 AM

Quote from: OrangeII on April 23, 2016, 12:33:05 PM

of course it is very risky.
at first they wanted to borrow money or bitcoin we have to face that really should be loaned out, and when they have money, they probably will not return and instead use it for other purposes. beware lending

Yeah taking a loan is always risky and a negative thing in my opinion because you will have to pay more then you will loan. But if you can pay it without a problem it should be no big deal to take a loan.

I also believe that giving interest on loans is not a good point, person ask for loan because he is need it and we have some money then why we ask extra money from those people who already need some money, we have to help them in starting their job or some business.

CoinSiteDesigner

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Quote from: avw1982 on April 26, 2016, 12:45:56 AM

Quote from: Crazygreek on April 25, 2016, 10:52:00 PM

Loans risky cause people can just scam you at first. In other case loans must be given only for trusted people i think, i will never loan money to guy who i don't really know.

I don't think getting loan is too risky, Mostly who is giving loan they only be in risk factor. You can check in Btcjam site about loan eligiblity and factors to know about that. They use to ask all nessessory documents still we can see more scammers even at there.

That's what he was saying too, "Loans risky cause people can just scam you at first". He didn't say those who take the loans will be scammed.
Read it properly mate Grin

PS: Scammers are really smart, they always find a way. That is why I recommend taking a worthful collateral.

avw1982

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Quote from: Crazygreek on April 25, 2016, 10:52:00 PM

Loans risky cause people can just scam you at first. In other case loans must be given only for trusted people i think, i will never loan money to guy who i don't really know.

I don't think getting loan is too risky, Mostly who is giving loan they only be in risk factor. You can check in Btcjam site about loan eligiblity and factors to know about that. They use to ask all nessessory documents still we can see more scammers even at there.

arwin100

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Quote from: Crazygreek on April 25, 2016, 10:52:00 PM

Loans risky cause people can just scam you at first. In other case loans must be given only for trusted people i think, i will never loan money to guy who i don't really know.

Yeah its very risky to the essence that they are asking for your real identity and personal info and if you apply and you cannot pay well they can use it to apply in other online lending company to lend so they can get your pay. Or even worst your identity will be use to any illegal activities. And if u are a lender a high risk of money will be lose because you dont know the people personally and many of it is identity is stole to get loan. And risk for you is cannot be paid.

Crazygreek

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Loans risky cause people can just scam you at first. In other case loans must be given only for trusted people i think, i will never loan money to guy who i don't really know.

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Quote from: Bitcoinbro on April 25, 2016, 01:29:39 PM

Quote from: harizen on April 25, 2016, 06:37:21 AM

Quote from: Nameless Coin on April 25, 2016, 04:42:16 AM

Yeah taking a loan is always risky and a negative thing in my opinion because you will have to pay more then you will loan. But if you can pay it without a problem it should be no big deal to take a loan.

Of course that's how loan works. Lenders must make profits so the service will expand to multiple borrowers.

But there are lenders who do a no interest loan especially if it's your close friend or know your capability of repaiding it in a matter of short term.

On this forum there are several kind of loans. some do charge interest some don't. Depends if they like you and there is the problem. The moment if you lend money to an unknown, either you need an escrow or valid collateral.

Those who do not charge interest also expect tips.

Bitcoinbro

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Quote from: harizen on April 25, 2016, 06:37:21 AM

Quote from: Nameless Coin on April 25, 2016, 04:42:16 AM

Yeah taking a loan is always risky and a negative thing in my opinion because you will have to pay more then you will loan. But if you can pay it without a problem it should be no big deal to take a loan.

Of course that's how loan works. Lenders must make profits so the service will expand to multiple borrowers.

But there are lenders who do a no interest loan especially if it's your close friend or know your capability of repaiding it in a matter of short term.

On this forum there are several kind of loans. some do charge interest some don't. Depends if they like you and there is the problem. The moment if you lend money to an unknown, either you need an escrow or valid collateral.

SwedishGirl

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Looking for shmexy coins!

Let the boy dream, lol.

Topic: Loans too risky? - page 72. (Read 67101 times)