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The scammers and dishonest people are a minority within our community, that are decreasing day by day. When a borrower activates his/her loan, they are under a legally binding contract called arbitration, and the personal information of the borrower will be handed to the investors if they do not pay back on their loans (See more below). However, currently, our repayment rates are above 90% and investors are getting 19% APR on average.
See here as to why we think investing with BTCJam is such a great idea:
http://blog.btcjam.com/post/75930899818/why-invest-with-btcjam
And here is what happens when someone doesn't pay back:
http://blog.btcjam.com/post/78529756680/what-happens-when-a-borrower-does-not-pay-back-his
To minimize risk and increase returns, read this:
http://blog.btcjam.com/post/75934926878/the-3-rules-of-peer-to-peer-lending-for-investors
See here as to why we think investing with BTCJam is such a great idea:
http://blog.btcjam.com/post/75930899818/why-invest-with-btcjam
And here is what happens when someone doesn't pay back:
http://blog.btcjam.com/post/78529756680/what-happens-when-a-borrower-does-not-pay-back-his
To minimize risk and increase returns, read this:
http://blog.btcjam.com/post/75934926878/the-3-rules-of-peer-to-peer-lending-for-investors
Hilarious. By "legally binding contract" do you mean that you will do absolutely nothing and give me no personal information?
This site is terrible. No one ever use it or you will be sorry. I have lost more money than I care to share by getting scammed and receiving no method or help into investigating the borrower.
