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Author Topic: Loans too risky?  (Read 65995 times)
Botnake
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December 20, 2016, 04:10:48 AM
 #941

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan
The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

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December 20, 2016, 04:35:11 AM
 #942

well the ideal of giving one loan is really a risky business that while before you can give anyone load you should have or must have collected something worth over times two from that person should in case he or she fails to repay back the load at the said date, so that you wouldn't be at lost, given loan is very risky.
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December 20, 2016, 04:37:33 AM
 #943

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan
The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.
It's either you invest in online lending or not, the risk is too high when it comes to online investment but great opportunities are here because the market is good since we are connecting with other countries, with that reality, it is our job as an investor to ensure we are doing what is best to minimize the risk and work to ensure we can still carry our business profitably.

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December 20, 2016, 06:40:29 AM
 #944

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan
The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

That's why when you read the sticky thread in the lending board, you will see that they are suggesting that you only accept collateral that are 120% of the borrowed amount. There are also some guidelines on how to choose if the collateral is a good thing to take. You can always deny people's request if you don't trust them and you don't like their collateral. I see people getting denied a lot in lending threads. No question there.

I just want to add that a "good" collateral right now might not be a good one anymore at the date of payment so always be cautious when accepting loans.

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December 21, 2016, 06:54:31 AM
 #945

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan
The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

That's why when you read the sticky thread in the lending board, you will see that they are suggesting that you only accept collateral that are 120% of the borrowed amount. There are also some guidelines on how to choose if the collateral is a good thing to take. You can always deny people's request if you don't trust them and you don't like their collateral. I see people getting denied a lot in lending threads. No question there.

I just want to add that a "good" collateral right now might not be a good one anymore at the date of payment so always be cautious when accepting loans.
I think I understand what you are trying to say, but big question is, who will appraise to determine it's value?

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Xenophoto
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December 22, 2016, 05:49:44 PM
 #946

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan
The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

That's why when you read the sticky thread in the lending board, you will see that they are suggesting that you only accept collateral that are 120% of the borrowed amount. There are also some guidelines on how to choose if the collateral is a good thing to take. You can always deny people's request if you don't trust them and you don't like their collateral. I see people getting denied a lot in lending threads. No question there.

I just want to add that a "good" collateral right now might not be a good one anymore at the date of payment so always be cautious when accepting loans.
I think I understand what you are trying to say, but big question is, who will appraise to determine it's value?

The market, I guess. Lots of people sell digital goods so it should be no problem looking for the price of the digital good that has offered to you as a collateral. Take note that digital goods has the tendency to increase/decrease in price as well. Some people take altcoins as collateral and that's a very volatile currency. Just be careful when accepting loans and do some good research just to be sure.

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Cacapzarg
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February 26, 2017, 09:30:32 AM
 #947

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan
The risk can be minimize of course and that depends on how we treat and mange the risk, lending business is a lucrative business in the real world but online there's a bigger risk as though we can require a borrower a collateral, it's not safe still since collateral are not valuable as we expected.

A good collateral is a in demand collateral and digital goods is not that in demand especially BTCtalk accounts.

That's why when you read the sticky thread in the lending board, you will see that they are suggesting that you only accept collateral that are 120% of the borrowed amount. There are also some guidelines on how to choose if the collateral is a good thing to take. You can always deny people's request if you don't trust them and you don't like their collateral. I see people getting denied a lot in lending threads. No question there.

I just want to add that a "good" collateral right now might not be a good one anymore at the date of payment so always be cautious when accepting loans.
I think I understand what you are trying to say, but big question is, who will appraise to determine it's value?

The market, I guess. Lots of people sell digital goods so it should be no problem looking for the price of the digital good that has offered to you as a collateral. Take note that digital goods has the tendency to increase/decrease in price as well. Some people take altcoins as collateral and that's a very volatile currency. Just be careful when accepting loans and do some good research just to be sure.

If you take altcoin, just value it at 30% of the current price, it might be safer.
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February 26, 2017, 09:44:50 AM
 #948

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

But why i need use escrow to receive my loans? The bigger mistake for the lender to give a loan which its loan have a same value with a collateral, if we are trying to look at the bank system everywhere and anywhere the value of the collateral are highest rather than the decimal of the loan.

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February 26, 2017, 10:03:58 AM
 #949

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

But why i need use escrow to receive my loans? The bigger mistake for the lender to give a loan which its loan have a same value with a collateral, if we are trying to look at the bank system everywhere and anywhere the value of the collateral are highest rather than the decimal of the loan.

An escrow would just make sure the loan will be complete and this also could say both parties are trusted. Look, this is just done when we dont even know each other physically. We just use escrow because all of us here dont trust each other and we dont know if one will run.
Better be safe right? I would do it even if I pay, but it should not be equal as to how much I would profit from it.

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February 26, 2017, 11:26:48 AM
 #950

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

But why i need use escrow to receive my loans? The bigger mistake for the lender to give a loan which its loan have a same value with a collateral, if we are trying to look at the bank system everywhere and anywhere the value of the collateral are highest rather than the decimal of the loan.

An escrow would just make sure the loan will be complete and this also could say both parties are trusted. Look, this is just done when we dont even know each other physically. We just use escrow because all of us here dont trust each other and we dont know if one will run.
Better be safe right? I would do it even if I pay, but it should not be equal as to how much I would profit from it.
Escrow will just make the collateral secured but actually it does not make the loan secured, one might choose not to pay and just let it go of the collateral. The fact that the lender cannot go after the borrower, the risk is always on the lender, therefore he should learn to diversify his investment in loan.

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February 26, 2017, 11:37:45 AM
 #951

well the ideal of giving one loan is really a risky business that while before you can give anyone load you should have or must have collected something worth over times two from that person should in case he or she fails to repay back the load at the said date, so that you wouldn't be at lost, given loan is very risky.
I think it would not be too risky if you give me the assurance requirements that have a higher exchange rate than the money they borrow. I'm sure it will be safe

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February 26, 2017, 11:50:36 AM
 #952

well the ideal of giving one loan is really a risky business that while before you can give anyone load you should have or must have collected something worth over times two from that person should in case he or she fails to repay back the load at the said date, so that you wouldn't be at lost, given loan is very risky.
I think it would not be too risky if you give me the assurance requirements that have a higher exchange rate than the money they borrow. I'm sure it will be safe

It is more risky for money lord who is providing money for lenders. I just out try with btcjam. You need to provide proper government proofs and enough documents to get the loan. Do you lender money to him to make a trusted network between you.

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February 26, 2017, 12:01:06 PM
 #953

well the ideal of giving one loan is really a risky business that while before you can give anyone load you should have or must have collected something worth over times two from that person should in case he or she fails to repay back the load at the said date, so that you wouldn't be at lost, given loan is very risky.
I think it would not be too risky if you give me the assurance requirements that have a higher exchange rate than the money they borrow. I'm sure it will be safe

It is more risky for money lord who is providing money for lenders. I just out try with btcjam. You need to provide proper government proofs and enough documents to get the loan. Do you lender money to him to make a trusted network between you.

I agree with that but I believe that the risk is with the lender and the money lord. The risk with the money lord or the person who gives loans to lenders is the possibility of lenders to walk away or to escape from the person they took the money from. The risk on the other hand of the lender is the huge interest rates and the collateral is much more higher than the debt or loan itself.

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February 26, 2017, 12:12:18 PM
 #954

all bussness still can risky but you can minimum to risk
if you want loan you must use colletaral, is safe two person, if give and receive loan, and you not trust open service lending
you can use escrow, so pay escrow receiver loan

But why i need use escrow to receive my loans? The bigger mistake for the lender to give a loan which its loan have a same value with a collateral, if we are trying to look at the bank system everywhere and anywhere the value of the collateral are highest rather than the decimal of the loan.

An escrow would just make sure the loan will be complete and this also could say both parties are trusted. Look, this is just done when we dont even know each other physically. We just use escrow because all of us here dont trust each other and we dont know if one will run.
Better be safe right? I would do it even if I pay, but it should not be equal as to how much I would profit from it.

What xray told is true. There is no need for escrow because most of lender always aks for collateral ane if there is no collateral the lender wont lend it for sure. And afaik this is really save because most of the collateral will be an account which is have a higher price compare to the loan
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February 26, 2017, 12:37:16 PM
 #955

Trusting your own funds to someone, it always difficult. Even if you trust that person or he have a high rank on forum. We all know that people do scamy things, because of money value, also we can protect our selfs with different services or even our country laws. That companies, which allows people, to protect them selfs like escrow, make that process more eathier and safer for two oposit sides

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February 28, 2017, 07:40:16 AM
 #956

Trusting your own funds to someone, it always difficult. Even if you trust that person or he have a high rank on forum. We all know that people do scamy things, because of money value, also we can protect our selfs with different services or even our country laws. That companies, which allows people, to protect them selfs like escrow, make that process more eathier and safer for two oposit sides

That's why you should always require a collateral unless if the person is trusted in this place since he's not going to ruin his reputation over some bitcoins. Just think of it, you can't ask for the person's personal information and whereabouts. Even if he give it to you, you can't confirm if it's legit or if it's someone else unless you video call on Skype. The process of asking the person's whereabouts alone is a lot of process, doing video call is much more.

Having a valid collateral is not enough. You should only choose the one that you know how to sell. For example, if someone's using a website domain as collateral, you shouldn't accept it if you don't even know what to do with it. You probably don't even know the actual value of that website domain. Thus, you can be tricked to thinking that the site worth's a lot when it's actually worth not much.

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February 28, 2017, 08:55:12 AM
 #957

Trusting your own funds to someone, it always difficult. Even if you trust that person or he have a high rank on forum. We all know that people do scamy things, because of money value, also we can protect our selfs with different services or even our country laws. That companies, which allows people, to protect them selfs like escrow, make that process more eathier and safer for two oposit sides

That's why you should always require a collateral unless if the person is trusted in this place since he's not going to ruin his reputation over some bitcoins. Just think of it, you can't ask for the person's personal information and whereabouts. Even if he give it to you, you can't confirm if it's legit or if it's someone else unless you video call on Skype. The process of asking the person's whereabouts alone is a lot of process, doing video call is much more.

Having a valid collateral is not enough. You should only choose the one that you know how to sell. For example, if someone's using a website domain as collateral, you shouldn't accept it if you don't even know what to do with it. You probably don't even know the actual value of that website domain. Thus, you can be tricked to thinking that the site worth's a lot when it's actually worth not much.
I guess what is more important in lending business here is just to lend only trusted members, the collateral is not that valuable for this people for them to run after it. Lending money with someone should start per cycle, if it's his first time to borrow money from you, give only a little amount and slightly increase the loan approval every time he proves he can pay the loan on time and with exact amount.
It's hard to build trust here so definitely they will not ruin it with just a small amount and just concentrate on the volume of borrowers rather than the big amount release.

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February 28, 2017, 09:25:22 AM
 #958

Trusting your own funds to someone, it always difficult. Even if you trust that person or he have a high rank on forum. We all know that people do scamy things, because of money value, also we can protect our selfs with different services or even our country laws. That companies, which allows people, to protect them selfs like escrow, make that process more eathier and safer for two oposit sides

That's why you should always require a collateral unless if the person is trusted in this place since he's not going to ruin his reputation over some bitcoins. Just think of it, you can't ask for the person's personal information and whereabouts. Even if he give it to you, you can't confirm if it's legit or if it's someone else unless you video call on Skype. The process of asking the person's whereabouts alone is a lot of process, doing video call is much more.

Having a valid collateral is not enough. You should only choose the one that you know how to sell. For example, if someone's using a website domain as collateral, you shouldn't accept it if you don't even know what to do with it. You probably don't even know the actual value of that website domain. Thus, you can be tricked to thinking that the site worth's a lot when it's actually worth not much.
I guess what is more important in lending business here is just to [1]lend only trusted members, the collateral is not that valuable for this people for them to run after it. Lending money with someone should start per cycle, if it's his first time to borrow money from you, give only a little amount and [2]slightly increase the loan approval every time he proves he can pay the loan on time and with exact amount.
It's hard to build trust here so definitely they will not ruin it with just a small amount and just concentrate on the volume of borrowers rather than the big amount release.

[1] That would be a hard thing to do since most trusted members here are loaded with money. It's kind of rare to find a trusted member asking for a loan. Plus, picking only trusted member removes all the people that only have neutral trust. The number of possible customers of your lending service will be narrowed down a lot (like a lot). It would be rare for you to have a customer at all since trusted members will choose to loan money from people that they have transacted with in the past.

[2] That doesn't make much sense since someone can just ask a loan on you and pay it always on time and then in the end as for a higher loan and then run away. Scammers will basically grow his trust from you and then scam you when you're ready to give them a high loan.

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March 14, 2017, 02:02:09 PM
 #959

Now a lot of dishonorable people, so to issue loans you need to use the amount that is not a pity to lose. Credit is an excellent opportunity to make money on people's needs.
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March 14, 2017, 02:13:39 PM
 #960

If we consider the loans a risk at banks imagine at crypto world, the huge problem is there is no way you build a business at lending without a proper colateral to cover the loss, because scammers has used and abused those systems, and there arent almost no honest persons at those places.
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