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Author Topic: Loans too risky?  (Read 63321 times)
mirakal
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April 24, 2017, 04:48:13 AM
 #981

Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful.

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April 24, 2017, 05:01:54 AM
 #982

Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful.
Have you looked at the interest rates some of these guys charge, it is often cheaper and easier to get a quick loan here than go to a money lender or bank (I would prefer not to give the bank anymore money too so that comes into play)

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April 24, 2017, 05:16:37 AM
 #983

Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful.
Have you looked at the interest rates some of these guys charge, it is often cheaper and easier to get a quick loan here than go to a money lender or bank (I would prefer not to give the bank anymore money too so that comes into play)
It's better to have a loan or give a loan to a trusted website and you could learn what you could do and the potential there would be great. It's definitely hard to trust someone that just happens to be a hacker or something, better be careful.



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April 24, 2017, 07:19:48 AM
 #984

Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful.
Have you looked at the interest rates some of these guys charge, it is often cheaper and easier to get a quick loan here than go to a money lender or bank (I would prefer not to give the bank anymore money too so that comes into play)
It's better to have a loan or give a loan to a trusted website and you could learn what you could do and the potential there would be great. It's definitely hard to trust someone that just happens to be a hacker or something, better be careful.
Well, for me I can have a loan in a certain bank with less than 1% a month, I doubt if it is possible in the crypto world.
I don't know really the average percentage here but I see it is quite big compared in the real world.

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April 24, 2017, 07:23:55 AM
 #985

I think this is a very risky way of earning. Only if bail, but then you need to get rid of the collateral in case of non-payment. Now many dishonorable people.
I agree, loans is not good bussines. Even we just loans to anyone that known it is also risky because they can run away anytime. We better to do trading bitcoin or sell something to get profit.

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April 24, 2017, 07:57:15 AM
 #986

Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful.
Have you looked at the interest rates some of these guys charge, it is often cheaper and easier to get a quick loan here than go to a money lender or bank (I would prefer not to give the bank anymore money too so that comes into play)
It's better to have a loan or give a loan to a trusted website and you could learn what you could do and the potential there would be great. It's definitely hard to trust someone that just happens to be a hacker or something, better be careful.
Well, for me I can have a loan in a certain bank with less than 1% a month, I doubt if it is possible in the crypto world.
I don't know really the average percentage here but I see it is quite big compared in the real world.
Well it all depends on what type of loan you are looking for. If it's a home loan then yes you should be able to get rates at around 1% from a bank but very few people are looking for home loans here.
In my post i was talking about short term loans, even banks charge 5-10% on personal loans whereas here you can get a short term 2-4 week loan for less than 10% interest. A money cash lender would charge in the range of 25-35% interest on a payday type loan and even then you would have a bunch of admin fees added to the repayment total.

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April 24, 2017, 09:11:42 AM
 #987

The loan is risky because here begins the problem especially when you have not paid for the time that you said. Especially when the monthly interest is considerably difficult to pay until it increases. Here you will feel hard to make debt.

Loans are too risky both for the lender and the accepter of the loan. Both have a fear of loss in case the loan taken is not return or the collateral taken is not handed back. Trusted escrow can solve these problems.


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April 24, 2017, 01:03:55 PM
 #988

From the beginning of the loan is indeed a bad risk, let alone you have 800 BTC should you not really need to try to make money through loans. I suggest holding a coin and maybe making more money selling as the price goes up.

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April 24, 2017, 03:12:42 PM
 #989

The loan is risky because here begins the problem especially when you have not paid for the time that you said. Especially when the monthly interest is considerably difficult to pay until it increases. Here you will feel hard to make debt.

Loans are too risky both for the lender and the accepter of the loan. Both have a fear of loss in case the loan taken is not return or the collateral taken is not handed back. Trusted escrow can solve these problems.

I see no point why would you use a collateral that you can't afford to lose. You're at a desperate time so you chose to get a loan, so you shouldn't have had the confidence that you'll get the collateral easily. I don't think that you're risking anything at all since a lender wouldn't choose to run away with your collateral. A lender has to gain reputation so he can have even better business opportunities.

Especially in this forum where your account has a value. You're basically ruining your account by scamming someone. You can never join a signature campaign when you have a negative trust and signature campaigns are far more profitable and stable.


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April 24, 2017, 03:27:37 PM
 #990

The loan is risky because here begins the problem especially when you have not paid for the time that you said. Especially when the monthly interest is considerably difficult to pay until it increases. Here you will feel hard to make debt.

Loans are too risky both for the lender and the accepter of the loan. Both have a fear of loss in case the loan taken is not return or the collateral taken is not handed back. Trusted escrow can solve these problems.

I see no point why would you use a collateral that you can't afford to lose. You're at a desperate time so you chose to get a loan, so you shouldn't have had the confidence that you'll get the collateral easily. I don't think that you're risking anything at all since a lender wouldn't choose to run away with your collateral. A lender has to gain reputation so he can have even better business opportunities.

Especially in this forum where your account has a value. You're basically ruining your account by scamming someone. You can never join a signature campaign when you have a negative trust and signature campaigns are far more profitable and stable.
Your post have made me wonder, actually why would anyone want to scam other people with hero member/ legendary rank account? As you have said, that is literally ruining your own account, by gaining negative trust on feedback. You need to be really stupid to do something like that, unless you really get the great profit from that but it makes sense only if there is more funds in scammed money, than your account is worth.

But I would like to observe also, that the best thing about having a high-rank account is not only that you can get a great pay-per-post rate, but also you can do more services, because people trust you.
You can be at well-paid signature campaining, have loaning service and also escrow. All that can bring you enormous profits but you would not be able to do such a thing without high rank account, nobody wants to trust a newbie right?

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April 24, 2017, 08:54:46 PM
 #991

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Forget about loaning is a lot of work for not very big earnings and also the risk is very high and you only need a customer to not pay back their loan and you are back where you started you are better just holding your coins.

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Sled
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April 25, 2017, 03:22:52 AM
 #992

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Forget about loaning is a lot of work for not very big earnings and also the risk is very high and you only need a customer to not pay back their loan and you are back where you started you are better just holding your coins.
Yes it is better and best to just hold your coins rather than getting into loaning business because it will not be just a good business for you because it is too risky and you don't know if the customers that you will be getting is legit and will pay you back. Just buy cold storage and put all of your bitcoins there and you can easily get profit by just holding with a 100% no risk.

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April 25, 2017, 03:52:13 AM
 #993

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Forget about loaning is a lot of work for not very big earnings and also the risk is very high and you only need a customer to not pay back their loan and you are back where you started you are better just holding your coins.
Yes it is better and best to just hold your coins rather than getting into loaning business because it will not be just a good business for you because it is too risky and you don't know if the customers that you will be getting is legit and will pay you back. Just buy cold storage and put all of your bitcoins there and you can easily get profit by just holding with a 100% no risk.
Holding will not give you an active income but lending your money can..
Just exercise caution and you will make money from lending, since you do not fully trust the people you will lend
just make sure you will diversify it by giving bigger interest rates.

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April 25, 2017, 04:17:29 AM
 #994

Loans are too risky especially when you are doing it online because you can't make sure that the person that want to take loan from you will pay you exact amount or even pay the loan because there is a lot of scammers in online world and i think the only thing to avoid or prevent it, is to get or request some collateral from the borrower so you can sell it when he didn't pay you.
That's correct but why there are still people who keep doing it, I've seen a lot of lenders in the forum, so I assume they are doing their business in a profitable way. In online lending, I guess we can minimize the risk, they lend in a higher interest rate and in a short term, that is why they are successful.
Have you looked at the interest rates some of these guys charge, it is often cheaper and easier to get a quick loan here than go to a money lender or bank (I would prefer not to give the bank anymore money too so that comes into play)
It's better to have a loan or give a loan to a trusted website and you could learn what you could do and the potential there would be great. It's definitely hard to trust someone that just happens to be a hacker or something, better be careful.
Well, for me I can have a loan in a certain bank with less than 1% a month, I doubt if it is possible in the crypto world.
I don't know really the average percentage here but I see it is quite big compared in the real world.
Well it all depends on what type of loan you are looking for. If it's a home loan then yes you should be able to get rates at around 1% from a bank but very few people are looking for home loans here.
In my post i was talking about short term loans, even banks charge 5-10% on personal loans whereas here you can get a short term 2-4 week loan for less than 10% interest. A money cash lender would charge in the range of 25-35% interest on a payday type loan and even then you would have a bunch of admin fees added to the repayment total.

Those payday lenders are a racket. They prey on people who have no other choices because they're underserved by traditional lenders like banks. Either through poor credit, past mistakes, or both, traditional lenders won't loan to them because of the risk, so these abusive lenders pop up in the vacuum. People would be better off not using them, but many people are pretty poor planners I've found. I guess that's the free market at work. If someone is willing to take a loan at exorbitant rates, they did it willingly...


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daiyuba1971
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April 25, 2017, 10:06:31 AM
 #995

I know that people give out loans but what's up with people no returning what they borrowed?? I want to know this because I might give out loans myself and I want to know what to watch out for... I have ~800 BTC at the moment and would it be a bad idea to start loaning? I bought my BTC back in 2010 mid August January(when it was about $0.07 per BTC) and I noticed the price went up a ton! Also what would be some other way to grow my BTC? Any ideas on what I should do?

Something I should have added my friend was doing something you guys call "mining" I am very knew to the bitcoin world even though I have had them for a long time. I bought these bitcoin from him because he needed to sell them, my financial advisor has told me that the longer I wait the more return I would get so I told him hold the account for 5 years and ill see where I am... So last July I had gotten my account back, did a bunch of research then found you guys. So I came here to post a few posts and for everyone skeptical this is the proof https://gyazo.com/ee99cef712e9b72f03a3e8e870c33624
Forget about loaning is a lot of work for not very big earnings and also the risk is very high and you only need a customer to not pay back their loan and you are back where you started you are better just holding your coins.
Yes it is better and best to just hold your coins rather than getting into loaning business because it will not be just a good business for you because it is too risky and you don't know if the customers that you will be getting is legit and will pay you back. Just buy cold storage and put all of your bitcoins there and you can easily get profit by just holding with a 100% no risk.
Holding will not give you an active income but lending your money can..
Just exercise caution and you will make money from lending, since you do not fully trust the people you will lend
just make sure you will diversify it by giving bigger interest rates.

If the interest is high, then there will be no willing to take out a loan. Interest should be attractive to people. It is best to have a loan. Take collateral, and then give a loan
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April 25, 2017, 10:38:12 AM
 #996

The loan is risky because here begins the problem especially when you have not paid for the time that you said. Especially when the monthly interest is considerably difficult to pay until it increases. Here you will feel hard to make debt.

Loans are too risky both for the lender and the accepter of the loan. Both have a fear of loss in case the loan taken is not return or the collateral taken is not handed back. Trusted escrow can solve these problems.

I see no point why would you use a collateral that you can't afford to lose. You're at a desperate time so you chose to get a loan, so you shouldn't have had the confidence that you'll get the collateral easily. I don't think that you're risking anything at all since a lender wouldn't choose to run away with your collateral. A lender has to gain reputation so he can have even better business opportunities.

Especially in this forum where your account has a value. You're basically ruining your account by scamming someone. You can never join a signature campaign when you have a negative trust and signature campaigns are far more profitable and stable.

It depends how much you're scamming people for.
If you run away with 2-5 btc  then it is far more "profitable" than  a signature campaign.

Plus an account these days can be bought under 0.1 so you need something like a 10/1 "bet" and you're in profit.

You're forgetting that posting means also "work" so it's not like that account generates money by doing nothing.




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April 25, 2017, 11:22:49 AM
 #997

Loaning with interest is the oldest way of making money from money. Most conventional investment funds have a small amount from loans as they're considered the least risky form of investment. It's still the most sought after service from banks after savings. Loaning privately though,a very different story if you don't have the means to collect.

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April 25, 2017, 11:26:58 AM
 #998

I don't think that loans is too risky, but i think this would be depends in loaner and the one that would filled the loan. First they should estimate or check the loaner if its safe to filled their loan, then in that way your money is always safe and for as safe also they should not load without valid collateral



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April 25, 2017, 11:40:03 AM
 #999

Loaning with interest is the oldest way of making money from money. Most conventional investment funds have a small amount from loans as they're considered the least risky form of investment. It's still the most sought after service from banks after savings. Loaning privately though,a very different story if you don't have the means to collect.
I think a loan is the worst way to solve their problems. No one can foresee what the situation will you have more and you may get into the debt abyss. Such actions can not only ruin your life but ruin the lives of their loved ones.
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April 25, 2017, 11:51:29 AM
 #1000

I don't think that loans is too risky, but i think this would be depends in loaner and the one that would filled the loan. First they should estimate or check the loaner if its safe to filled their loan, then in that way your money is always safe and for as safe also they should not load without valid collateral
Clearly saying yes it still depends from who the loaner is,his economic status and source of income.If a person who doesnt have a souce of income and forms a loan then its risky for him but for business mans who have a good decent business its not a risk to take for them.


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