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Author Topic: Loans too risky?  (Read 66499 times)
aubert
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September 09, 2016, 08:20:40 AM
 #581

Loans can be a risky if you ask me but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
your statement that i underlined is definitely the main problem here,if people know that they can pay the loan back then why starting a discussion with a topic "loans too risky",doesn't make sense at all,so your statement above definitely not helping to resolve the problem,and i think most of people would only requesting a loan when really getting forced or in need

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MWesterweele
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September 09, 2016, 09:29:37 AM
 #582

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loan

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September 09, 2016, 09:40:16 AM
 #583

I wonder why someone having such a huge amount of money is looking for ways to earn more money on internet while people come on internet for earning extra money so that they can run their lives in a better way, isn't it better to start some real life businesses with that money instead of giving loans or trying some other things? Though trading can be a good option to be tried with some bitcoins.



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newcoins1978
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September 09, 2016, 09:52:36 AM
 #584

Loans can be risky to give out if you dont research who you are giving it to because alot of people cant afford to loan and they still do it so the result of that is that they wont be able to pay back the loan let alone the interest.
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September 09, 2016, 10:42:09 AM
 #585

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loan

Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
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September 09, 2016, 12:12:06 PM
 #586

BTCJam was a disappointment since it was a constant steal of yoru money as borrowers ran with the money and nothing happened. Im not sure about how Poloniex loan system works and if its safer. I would like to get into it and start getting more money form y BTC.

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goldcoinminer
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September 09, 2016, 12:12:47 PM
 #587

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loan

Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
You cannot do a background investigation of your borrowers because they will not provide their real information unlike in physical lending business that there is a KYC policy where we required the borrowers to submit all the necessary documents before we approve and release the loan.

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September 09, 2016, 12:28:47 PM
 #588

BTCJam was a disappointment since it was a constant steal of yoru money as borrowers ran with the money and nothing happened. Im not sure about how Poloniex loan system works and if its safer. I would like to get into it and start getting more money form y BTC.
Actually those loan amount is used in creating margin position in poloniex rather than handing it over to borrower so no way for him to run away with your money. I actually have done few margin trading with 2.5x leverage they provide, and the extra 1.5x for trading came from poloniex lending section which automatically deduct lending fee from your open position. I think it is safer than normal lending platform but nothing online should be considered secured.

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September 09, 2016, 12:28:58 PM
 #589

Loans can be a risky if you ask me but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
your statement that i underlined is definitely the main problem here,if people know that they can pay the loan back then why starting a discussion with a topic "loans too risky",doesn't make sense at all,so your statement above definitely not helping to resolve the problem,and i think most of people would only requesting a loan when really getting forced or in need
The guy just misunderstood the topic, he's talking about someone taking out a loan instead of giving out a loan, which was what OP was talking about.
At least read the first post before you answer...


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dunfida
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September 09, 2016, 01:32:36 PM
 #590

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loan

Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
You cannot do a background investigation of your borrowers because they will not provide their real information unlike in physical lending business that there is a KYC policy where we required the borrowers to submit all the necessary documents before we approve and release the loan.

True,  when you decide to make a lending online  it would be really hard to do background check since people online would definitely gave you wrong informations about them because incase if they cant pay the loan amount  they would be safe since its not their true identity that they gave.


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Labumi
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September 09, 2016, 01:38:58 PM
 #591

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loan

Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
You cannot do a background investigation of your borrowers because they will not provide their real information unlike in physical lending business that there is a KYC policy where we required the borrowers to submit all the necessary documents before we approve and release the loan.

True,  when you decide to make a lending online  it would be really hard to do background check since people online would definitely gave you wrong informations about them because incase if they cant pay the loan amount  they would be safe since its not their true identity that they gave.

But it also depends on our selection of the recipient of the loan. Indeed loan higher risk than the other way, because the borrower did not have a strong guarantee and also does not have a strong enough recognition when they are experiencing problems with payments already agreed.


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Altynbekova
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September 09, 2016, 01:57:12 PM
 #592

Ofcourse loans are too risky for both sides actually. the one borrowing money has risk of not being able to return it and getting into financiel problems. but the one that is loaning money to a person is also at risk of not actually getting the money back so yes too risky.
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September 09, 2016, 02:05:57 PM
 #593

I can say that in this world, with so many scammers, loans are really risky if you do not have the proper security to protect what you own.
But if you still want to loan someone, make sure you have collateral, in case that the borrower will default, so that way you can still get back the amount that he owed for your service.
Yeah you are right in this world full of crappy scammers , loans are really risky if you are have some to collateral and you are high rank then you have chance to make some loan in some member here in forums but make sure that you are going to paid it


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September 09, 2016, 02:50:31 PM
 #594

I can make 10% profit in two days, but not from whole 800 BTC, it is too much. So you have excellent opportunity to make good and fast profit from your Bitcoins.  Wink
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September 09, 2016, 04:28:58 PM
 #595

The key to avoid defaults and thus losses, is to accept loan requests only by providing a collateral from the loanee which is at least valued equally.
To give out loans without such securities is very risky. You will not be profitable at all.

Loans can be risky to give out if you dont research who you are giving it to because alot of people cant afford to loan and they still do it so the result of that is that they wont be able to pay back the loan let alone the interest.

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September 10, 2016, 01:37:44 AM
 #596

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.
Take only a loan when you need something that is important and if you can pay it back.
If you loan some money of course it is your responsibility to pay it back once you gave the exact date then pay it on the exact time you gave because people are trusting you because you ask a permission to barrow some money and if you can't pay that back then don't make some loan

Yes and it is very hard to realise who is going to pay back and who doesnt so its hard thing to check.
Thats why loans are risky too cause its impossible to know if the person at the other side is going to keep their deal or not so it could turn into a bad scam.
You cannot do a background investigation of your borrowers because they will not provide their real information unlike in physical lending business that there is a KYC policy where we required the borrowers to submit all the necessary documents before we approve and release the loan.

True,  when you decide to make a lending online  it would be really hard to do background check since people online would definitely gave you wrong informations about them because incase if they cant pay the loan amount  they would be safe since its not their true identity that they gave.

Its really up to our decision on which person we should grant  a loan request but still we couldnt guarantee that their true identity is right since we cant really see them  personally but  just  on online only and there are lots of things or ways  to  hide or  deny your true identity.
But it also depends on our selection of the recipient of the loan. Indeed loan higher risk than the other way, because the borrower did not have a strong guarantee and also does not have a strong enough recognition when they are experiencing problems with payments already agreed.

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September 10, 2016, 02:39:36 AM
 #597

The key to avoid defaults and thus losses, is to accept loan requests only by providing a collateral from the loanee which is at least valued equally.
To give out loans without such securities is very risky. You will not be profitable at all.

Loans can be risky to give out if you dont research who you are giving it to because alot of people cant afford to loan and they still do it so the result of that is that they wont be able to pay back the loan let alone the interest.
The right practice of lending money online is to get a collateral from the borrower but should not be equal to the loan amount, it is always that the value of collateral should be more than the amount of loan to ensure that a certain borrower will pursue paying his loan once the due will come.

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September 10, 2016, 03:47:17 AM
 #598

I believe that loans are always going to be risky, that's why they are called loans.  Especially if you are seeking to  lend out with a lot of interest , you are definitely going  to be carrying a lot of risks on  your shoulders. I suggest that  you just hold the bitcoins  for now , considering the  possibility for future price increases.
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September 10, 2016, 06:35:59 AM
 #599

Loans actually can be very risky, but if you know that you are able to pay it back then it should be no problem at all.

That is the wrong word, if you want to make a poll I think a lot of people will say wanna for borrow and will never pay back... it's why there is a collateral system to preventing the people is not wanna for pay back their loans.

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September 10, 2016, 01:35:58 PM
 #600

I believe that loans are always going to be risky, that's why they are called loans.  Especially if you are seeking to  lend out with a lot of interest , you are definitely going  to be carrying a lot of risks on  your shoulders. I suggest that  you just hold the bitcoins  for now , considering the  possibility for future price increases.

That is why I am not taking loans even in real life because the salary that you are going to get is the one that you are going to pay for your debt plus with the interest with it. But if the advantage of taking loans is that if you are unable to buy a property or car, then you can just go to the nearest bank and have your loan but still that is going to put you in deep debt.
Loans usually should be used to get something you cant buy or purchase on the moment you wanna or need it, like a car or a house, to get a loan you need a job otherwise banks wont allow you to get anything, and sure you need to be realistic and see if you will be able to pay the interest over the months.
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