I have just received an email from LoanBase detailing they have partnered up with a loan collection agency that has the capability to collect on overdue loans in about 90 countries (except the US).
I myself have a loss of about .1 (about 10 defaulted loans) that occured in a week over there, prompting me to stop lending people money. LoanBase said they would try to have those previously defaulted loans, but with a comission of 35% for the collector.
This new system can have me lending btc over there again, what do you guys think?
it is an additional way for lenders to feel safer when they give others loans.
but i suggest you see if their assurance is really working or just big talk. i mean you should check and see if the loan collection agency that you mentioned is really collecting defaulted loans or not. start with your lost 0.1 bitcoin