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Author Topic: Loans too risky?  (Read 62762 times)
Hellacopter
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July 26, 2016, 12:41:13 PM
 #421

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
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July 26, 2016, 01:15:23 PM
 #422

I don't believe a word. You Said that you bought it at 2010 when the price was 0.07$. i clearly remembered that the price was 80$-90$ at February 2010 when i joined bitcoin and in that year it hardly increased up to 120$ . now lets believe for a sec that you really have 800 Btc (520000 USD) so why you want to loan  it to some other people why don't you buy some super expensive miners and enjoy the awesome profit.you can run your own business with it

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July 26, 2016, 01:42:41 PM
 #423

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.

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July 26, 2016, 02:07:50 PM
 #424

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.
You are in part right. Deposit may be. But it should not be too large. Otherwise, the credit does not make sense. It is possible and without any collateral at all. It was the same time when it was valued word of an honest man. Why now, we have ceased to trust people? Of course, it all depends on the amount. Not everyone decide without insurance, or give someone money. But why not start small?
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July 26, 2016, 02:37:03 PM
 #425

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.
You are in part right. Deposit may be. But it should not be too large. Otherwise, the credit does not make sense. It is possible and without any collateral at all. It was the same time when it was valued word of an honest man. Why now, we have ceased to trust people? Of course, it all depends on the amount. Not everyone decide without insurance, or give someone money. But why not start small?

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.



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July 26, 2016, 04:10:51 PM
 #426

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?
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July 26, 2016, 04:40:40 PM
 #427

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 Smiley
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July 26, 2016, 04:53:20 PM
 #428

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 Smiley

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.

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July 26, 2016, 05:42:56 PM
 #429

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.
You are in part right. Deposit may be. But it should not be too large. Otherwise, the credit does not make sense. It is possible and without any collateral at all. It was the same time when it was valued word of an honest man. Why now, we have ceased to trust people? Of course, it all depends on the amount. Not everyone decide without insurance, or give someone money. But why not start small?

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.
What a country ?! Personally, I currently available credit up to $ 50,000. The amount is not big. But it is issued without collateral and unnecessary problems. All the above requires a guarantee. And only a certain amount require collateral. But usually it is enough to provide the documents on ownership of movable or not movable property.
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July 26, 2016, 09:46:10 PM
 #430

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.
You are in part right. Deposit may be. But it should not be too large. Otherwise, the credit does not make sense. It is possible and without any collateral at all. It was the same time when it was valued word of an honest man. Why now, we have ceased to trust people? Of course, it all depends on the amount. Not everyone decide without insurance, or give someone money. But why not start small?

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.
What a country ?! Personally, I currently available credit up to $ 50,000. The amount is not big. But it is issued without collateral and unnecessary problems. All the above requires a guarantee. And only a certain amount require collateral. But usually it is enough to provide the documents on ownership of movable or not movable property.

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.
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July 26, 2016, 11:44:16 PM
 #431

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 Smiley


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.

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July 27, 2016, 01:42:35 AM
 #432

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 Smiley

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.
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July 27, 2016, 06:29:14 AM
 #433

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.

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July 27, 2016, 07:08:05 AM
 #434

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.
But you cannot find a good collateral here by lending online, usually in the real life scenario one cannot lend money if without a hard collateral like a real estate or a thing that you called  mortgage loan. And even that hard collateral mentioned loans can possibly default.

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v1ryspro
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July 27, 2016, 09:17:46 AM
 #435

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.
But you cannot find a good collateral here by lending online, usually in the real life scenario one cannot lend money if without a hard collateral like a real estate or a thing that you called  mortgage loan. And even that hard collateral mentioned loans can possibly default.
Banks or credit organizations, living off the interest that client initially pays to the principal amount of the loan. These percentages may be quite large. What zdest can not understand ?! The best guarantee of a house, an apartment in which he lives family of the borrower. If a person does not want that he and his family were on the street. He will pay everything on time.
PsursV
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July 27, 2016, 09:50:13 AM
 #436

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.
Xester
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July 27, 2016, 12:08:40 PM
 #437

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.

Jmild1
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July 27, 2016, 12:15:24 PM
 #438

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 Smiley


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.
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July 27, 2016, 12:46:36 PM
 #439

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 Smiley


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.
pearnapple
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July 27, 2016, 01:04:02 PM
 #440

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

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