Loans too risky? - page 73. | Bitcointalksearch.org

harizen

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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.

Nameless Coin

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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.

OrangeII

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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

n0ne

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Quote from: arwin100 on April 23, 2016, 07:31:34 AM

Quote from: CoinSiteDesigner on April 23, 2016, 07:04:09 AM

Quote from: elobizph on April 22, 2016, 09:51:35 PM

I think you should better out of giving loans or anything that may be harmful in your coins.Loaning is not the best way to increase your coins because 80% of people expectedly newbies will contact you and will request to give them a loan and after that they will gone.

That's obvious, but you do have your right not to give loan to those newbies right? Just give loan to those who's in need and has collateral. Then it surely is the best way to earn profits instead of storing it in wallets for nothing.

Yeah giving loans for people you not know is super duper very risky because high chance of that they will not paY Just avoid its very dangerous to your money. Good idea is up there just save you bitcoin in wallet and wait for halving happen and you get profit instead of giving loans.

Halving won't happen every year, so if you try to make profit lending is also a good option when you can get proper collateral.

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Quote from: CoinSiteDesigner on April 23, 2016, 07:04:09 AM

Quote from: elobizph on April 22, 2016, 09:51:35 PM

I think you should better out of giving loans or anything that may be harmful in your coins.Loaning is not the best way to increase your coins because 80% of people expectedly newbies will contact you and will request to give them a loan and after that they will gone.

That's obvious, but you do have your right not to give loan to those newbies right? Just give loan to those who's in need and has collateral. Then it surely is the best way to earn profits instead of storing it in wallets for nothing.

Yeah giving loans for people you not know is super duper very risky because high chance of that they will not paY Just avoid its very dangerous to your money. Good idea is up there just save you bitcoin in wallet and wait for halving happen and you get profit instead of giving loans.

CoinSiteDesigner

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Quote from: elobizph on April 22, 2016, 09:51:35 PM

I think you should better out of giving loans or anything that may be harmful in your coins.Loaning is not the best way to increase your coins because 80% of people expectedly newbies will contact you and will request to give them a loan and after that they will gone.

That's obvious, but you do have your right not to give loan to those newbies right? Just give loan to those who's in need and has collateral. Then it surely is the best way to earn profits instead of storing it in wallets for nothing.

HostSurf

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Quote from: arwin100 on April 23, 2016, 06:41:34 AM

Quote from: elobizph on April 22, 2016, 09:51:35 PM

I think you should better out of giving loans or anything that may be harmful in your coins.Loaning is not the best way to increase your coins because 80% of people expectedly newbies will contact you and will request to give them a loan and after that they will gone.

Yeah its very risky because if you apply for loan online you cannot pay you can risk your life with that because they have your private info and ids You can go to jail with that or worst they can use your identity to make another loan as revenge. and if you are giving a loan to people its very risky alsi because many people stole identity now so they can loan without a hassle for them self.

with the appropiate collateral there is hardly any risk. The problem is when someone default the loan, then you have to spent a lot more time and energy.
That's why i am staying out of the loans business.

arwin100

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Quote from: elobizph on April 22, 2016, 09:51:35 PM

I think you should better out of giving loans or anything that may be harmful in your coins.Loaning is not the best way to increase your coins because 80% of people expectedly newbies will contact you and will request to give them a loan and after that they will gone.

Yeah its very risky because if you apply for loan online you cannot pay you can risk your life with that because they have your private info and ids You can go to jail with that or worst they can use your identity to make another loan as revenge. and if you are giving a loan to people its very risky alsi because many people stole identity now so they can loan without a hassle for them self.

elobizph

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I think you should better out of giving loans or anything that may be harmful in your coins.Loaning is not the best way to increase your coins because 80% of people expectedly newbies will contact you and will request to give them a loan and after that they will gone.

iram66680

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Quote from: hawkins on April 22, 2016, 09:16:02 AM

Quote from: iram66680 on April 22, 2016, 08:57:31 AM

I think loans are a risk because you are relying on someone's word that they will pay you back after a certain amount of time. And we all know that things come up to interfere with what we want to accomplish sometimes. Life happens so offering a loan is a risky thing to do.

offers loan is very risky if you do not take a hold of a valuable from sei borrowers. we do not know the nature of each person, perhaps he may never return your money again

You mean to hold collateral from the borrower? Sometimes that is not enough if it is an account. Their could be hidden and unknown loans that are on those account which make them worthless to begin with.

hawkins

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Quote from: iram66680 on April 22, 2016, 08:57:31 AM

I think loans are a risk because you are relying on someone's word that they will pay you back after a certain amount of time. And we all know that things come up to interfere with what we want to accomplish sometimes. Life happens so offering a loan is a risky thing to do.

offers loan is very risky if you do not take a hold of a valuable from sei borrowers. we do not know the nature of each person, perhaps he may never return your money again

iram66680

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I think loans are a risk because you are relying on someone's word that they will pay you back after a certain amount of time. And we all know that things come up to interfere with what we want to accomplish sometimes. Life happens so offering a loan is a risky thing to do.

darewaller

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Quote from: NordicRanger on April 19, 2016, 05:14:27 AM

Loans can be risky if you are not sure how to pay it back. You should only take a loan if it is absolutely necessary, if that is not the case I would not take a loan. It can ruin your life if you are not able to pay it back.

Yes, if there is not any clear way for the repayment then it is most risky that a person take loan,
We should have to calculate all of our income and expenditure regarding the repayment installations before taking loan.

maudevang

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A loan can be risky because if have to pay it back in a certain amount of time if you are not able to do that you will get a fine. But if you are sure that you are able to back and you are using the money for something good it does not hurt to take a loan.

ricardobs

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Quote from: senyorito123 on April 18, 2016, 06:37:28 AM

Quote from: harizen on April 18, 2016, 06:31:26 AM

Online lending is more risky than real life lending services where all required documents are on-hand with the lender.

Also in real life lending, collateral really a must. But other institutions offers a lightweight loans like the one I used here in our country.

Yes online lending is very very risky for your security and real life identity because you wi provide your all info and documents to get loan not knowing what is the collateral of your credits. If you cannot pay for that maybe the loaner willndo something bad to your identity and he will get loan to another site credited to your name Will thats very bad.

Yes it is true that online loans are risky and the chances of default are more rather than in the real life lending, but if the governments are involved in matters like that then I think the system will get some justice and will be secured.

klarki

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mrhelpful

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Quote from: harizen on April 18, 2016, 06:31:26 AM

Online lending is more risky than real life lending services where all required documents are on-hand with the lender.

Also in real life lending, collateral really a must. But other institutions offers a lightweight loans like the one I used here in our country.

well if you apply to real collateral then its the same I feel.

Its just most people arent willing to fork over the same type or go about collecting this thats why. Also there is no back fire like a collection agency to get your money back or some type of services on the back end since the loan shop is really more like a personal loan shark type.

if you setup similar to like lendingclub or any other services similar it would be different.

greghansel89

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Yes i believe that getting a loan is risky when a person doesnt have any plans on how will the person will be able to pay the loans he gets.
Getting a loan is only use for emergency purposes only and always think if its worth it to get a loan or not.

goinmerry

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Quote from: zachmartus on February 24, 2016, 11:13:28 PM

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

Wow. That is a lot of coins. You betterbuse it for a different idea. People will take advantage once they see you are keeping that much. And there is your first risk. You can imagine the next one.

romero121

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Quote from: NordicRanger on April 19, 2016, 05:14:27 AM

Loans can be risky if you are not sure how to pay it back. You should only take a loan if it is absolutely necessary, if that is not the case I would not take a loan. It can ruin your life if you are not able to pay it back.

Exactly loans are highly risky. The reason behind this is, if you doesn't have a good plan on earning with the loan amount surely you need to give unwanted interest for the loan amount.

Topic: Loans too risky? - page 73. (Read 67101 times)