Loans too risky?

[Pattart]

Loans are very risky if you are asking me, you really need to trust the person to be sure that you can loan them bitcoins, if you didn't pay it when the days come that you really told that you are going to pay it may destroy your image if that people you barrowed money is impatience he will talk about your back and then will not give you second chance

Lending money to someone would be risky if you did not ask for collateral to him. Then ask for a collateral so that the risk is not too great and that the guarantee can compensate when they do not pay

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[giveen]

0.07$ you sure or you simply making up some story. And also if you have still saved your bitcoin you are a millionaire , then why do you simply wanna give people loan with a risk of return. Just sell half of your bitcoins and enjoy your life until the price reaches 5000$ or start any business rather than wasting your bitcoin.

[Vaskiy]

Loans are very risky if you are asking me, you really need to trust the person to be sure that you can loan them bitcoins, if you didn't pay it when the days come that you really told that you are going to pay it may destroy your image if that people you barrowed money is impatience he will talk about your back and then will not give you second chance

Lending money to someone would be risky if you did not ask for collateral to him. Then ask for a collateral so that the risk is not too great and that the guarantee can compensate when they do not pay

Collateral is the base for lending services. None lend money or bitcoin without getting a proper collateral that has the value equal to or more than the lending amount. Lending is risky because few submit collateral documents that are fake. So proper verification is the one that makes the leading service profitable.

[Harlot]

If you are thinking about lending your money online, better have second thoughts on it because it is riskier considered doing it in person. While in person to person transaction by lending money you are protected by law in which you are reaching an agreement in a form of contract or by some a promissory note, in which the payee is required to pay the principal amount + interest on a required date. If not meant the the maker of the promissory note can take actions of recovery view judicial proceedings in which the law requires them to pay. So if I were you if you are loaning out your money make sure it has a form of contract in order for you to be protected.

[pyata4ok]

If you are thinking about lending your money online, better have second thoughts on it because it is riskier considered doing it in person. While in person to person transaction by lending money you are protected by law in which you are reaching an agreement in a form of contract or by some a promissory note, in which the payee is required to pay the principal amount + interest on a required date. If not meant the the maker of the promissory note can take actions of recovery view judicial proceedings in which the law requires them to pay. So if I were you if you are loaning out your money make sure it has a form of contract in order for you to be protected.

On the Internet, there is almost no chance of getting your money back. I think it's not worth the risk, because there are almost no decent people left now.

[Hanako]

If you are thinking about lending your money online, better have second thoughts on it because it is riskier considered doing it in person. While in person to person transaction by lending money you are protected by law in which you are reaching an agreement in a form of contract or by some a promissory note, in which the payee is required to pay the principal amount + interest on a required date. If not meant the the maker of the promissory note can take actions of recovery view judicial proceedings in which the law requires them to pay. So if I were you if you are loaning out your money make sure it has a form of contract in order for you to be protected.

On the Internet, there is almost no chance of getting your money back. I think it's not worth the risk, because there are almost no decent people left now.

well the best thing in all that have lending service is first rule "No Loan | No Collateral" that rule can determined so i know that all loaners know it and do it many times like Loanshark and Zazarb that have lending service here and still counting. Anyways loans is not risky if you know how to do it

[crwth]

If you are thinking about lending your money online, better have second thoughts on it because it is riskier considered doing it in person. While in person to person transaction by lending money you are protected by law in which you are reaching an agreement in a form of contract or by some a promissory note, in which the payee is required to pay the principal amount + interest on a required date. If not meant the the maker of the promissory note can take actions of recovery view judicial proceedings in which the law requires them to pay. So if I were you if you are loaning out your money make sure it has a form of contract in order for you to be protected.

On the Internet, there is almost no chance of getting your money back. I think it's not worth the risk, because there are almost no decent people left now.

well the best thing in all that have lending service is first rule "No Loan | No Collateral" that rule can determined so i know that all loaners know it and do it many times like Loanshark and Zazarb that have lending service here and still counting. Anyways loans is not risky if you know how to do it

I'm really curious on how it works, especially when it's on the internet. How can you have collateral if either of you is going to send money? What could "serve" as the collateral. What then? What should you have in order to get a loan or something?

[DocGTR]

If you are thinking about lending your money online, better have second thoughts on it because it is riskier considered doing it in person. While in person to person transaction by lending money you are protected by law in which you are reaching an agreement in a form of contract or by some a promissory note, in which the payee is required to pay the principal amount + interest on a required date. If not meant the the maker of the promissory note can take actions of recovery view judicial proceedings in which the law requires them to pay. So if I were you if you are loaning out your money make sure it has a form of contract in order for you to be protected.

On the Internet, there is almost no chance of getting your money back. I think it's not worth the risk, because there are almost no decent people left now.

well the best thing in all that have lending service is first rule "No Loan | No Collateral" that rule can determined so i know that all loaners know it and do it many times like Loanshark and Zazarb that have lending service here and still counting. Anyways loans is not risky if you know how to do it

I agree. Before you give credits you need to study all the information as correctly you can earn it otherwise you can only lose all your funds.

[Wowcoin]

Loan are risky because everytime you get loan thats the time that you have a problem about money. Because in everything you do you thinking about your loan how to pay it. Even they have work but they dont know loan is the most problem now.

[ipungadhi]

Loans are very risky if you are asking me, you really need to trust the person to be sure that you can loan them bitcoins, if you didn't pay it when the days come that you really told that you are going to pay it may destroy your image if that people you barrowed money is impatience he will talk about your back and then will not give you second chance

I think every lender is smart with it, they will ask for a collateral on the borrower to have their dependents to pay. collateral must be of high value and can be sold

[bixbem90]

In my opinion, Loans can help somebody and make some interest from them.. And u are must smart lender... Like somebody at that forum... Collateral - Trust - Something else ( account history )

[X-ray]

there is no doubt about this that loans are too risky, because no one know know that what is going to happen to the price of bitcon either its price will increase or decrease,  And by granting a large loan must take a pledge that exceeds the cost of the loan. And still need to do everything right from a legal point of view, to conclude an agreement

Its not risky if the borrower will provide you a god collateral you must check what collateral he is offering it can be risky if the collateral is altcoin because there are possibilities the price will dump.

A good collateral is a must, Without a good collateral and the borrower shouldn't get loans. It has become rules.

The collateral must worth more than the total of loans had given by the lenders. If you have seen the bank and they already did it for a well with this way.

It just like an obligation for the borrowers for offering a good collateral.

[lilit]

Loan are risky because everytime you get loan thats the time that you have a problem about money. Because in everything you do you thinking about your loan how to pay it. Even they have work but they dont know loan is the most problem now.

It's risky only if you give a loan without collateral. With the right approach to this procedure, you can make good money on the issue of loans.

[jorneyflair]

Loan are risky because everytime you get loan thats the time that you have a problem about money. Because in everything you do you thinking about your loan how to pay it. Even they have work but they dont know loan is the most problem now.

It's risky only if you give a loan without collateral. With the right approach to this procedure, you can make good money on the issue of loans.

That is why I cannot understand all the people in this thread who keeps believing that starting a loaning service is something extremely risky, and also that you need an insane amount of cash.
Remember, this is a total bullshit.

All you need to earn interest on loans without any risk, is designing a correct strategy and technique, to recover the money you have lend even when the customers is not going to pay anything.
You need to take collateral every time: no collateral-no loan, simple is that. You may choose only trusted users, and always use escrow for all your loans.
With even more security measures, you will be covered from risk.

[Tipsters]

In my opinion, Loans can help somebody and make some interest from them.. And u are must smart lender... Like somebody at that forum... Collateral - Trust - Something else ( account history )

It only helps people that has a stable earnings in real life or in btc since if will be hard to pay a loan if you don't even know where to get the money to pay. In most cases, collateral is a must especially if you don't know the person you are loaning but if you know him then collateral is just a option.

[onrise]

Obviously loans are risky because you give to person who is totally unknown to you with a collateral which may not be of your use generally . So instead of you trade that much with Btc you will earn more then it's interest part .

[Fatanut]

Obviously loans are risky because you give to person who is totally unknown to you with a collateral which may not be of your use generally . So instead of you trade that much with Btc you will earn more then it's interest part .

If that's the only problem then just stop accepting fiat that wouldn't be of use to you in case you get it in return. You can always be picky and the borrower can't say anything about your decision, because after all, the final decision will always be from you -- the lender himself. Take a quick peek in the loaning section and you'll see that tons of people gets their application denied even when there seems a valid collateral.

You also don't have to worry about doing transactions with strangers when you're going to hold his collateral. Just think that you bought the item in a lower price when he defaults on his loan.

[Yanisumin]

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

i think loans is too risky especially if we don't have any income for weekly or monthly because how we can payback that loans if we don't have money? if our loan is to make new business, then we should thinking about how we are gonna pay the loans, beside that we should thinking how long we want to borrow.

In loans you can invest money that is not a pity to lose. But for me it's very risky, it's better to buy other coins.

The risky part is that what if the people who loaned betrayed you, and they run with your money. Without proper terms and legit papers for settlements and conditions it is very risky business and I don't like it when people don't have something to pay for you. I just don't like the feeling.

there is no doubt about this that loans are too risky, because no one know know that what is going to happen to the price of bitcon either its price will increase or decrease,  And by granting a large loan must take a pledge that exceeds the cost of the loan. And still need to do everything right from a legal point of view, to conclude an agreement

Its not risky if the borrower will provide you a god collateral you must check what collateral he is offering it can be risky if the collateral is altcoin because there are possibilities the price will dump.

It is not risky only in the case of a reliable collateral that does not depreciate over time.

Only banks and legit business about loans have that conditions so if you're just starting loaning business your own and without legal license. People might take advantage of you.

[choppork]

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

i think loans is too risky especially if we don't have any income for weekly or monthly because how we can payback that loans if we don't have money? if our loan is to make new business, then we should thinking about how we are gonna pay the loans, beside that we should thinking how long we want to borrow.

In loans you can invest money that is not a pity to lose. But for me it's very risky, it's better to buy other coins.

The risky part is that what if the people who loaned betrayed you, and they run with your money. Without proper terms and legit papers for settlements and conditions it is very risky business and I don't like it when people don't have something to pay for you. I just don't like the feeling.

Who does? Anyone will be upset when they get betrayed by someone that they trusted. Even with papers, the person that owes you money will still not be able to pay you if he doesn't have the money or if he chose not to pay you. Papers are not useful at all except in the case of collateral. Remind yourself that no one has ever been to jail just because of debt. Most people are drowning in debt. You just don't know it. People that have credit cards, people that live from paycheck to paycheck, etc. I wouldn't even wonder if there are people that have a debt so large that even if he worked 24/7, he will not be able to pay all of it.

So yea, you don't have the upper hand even when you have papers. The only thing it proves is that the guy actually owes you money. You can't put him to jail or force him to pay you.

[P2Pfinder]

As i wrote on other post, Bitcoin Lending are near to die...

Actually i'm on Stemfund (http://stemfund.com/ ) , but apart 1A rating application and some Build Rep Loan (not withdrawable) much of borrewoer are pure scam attempt. Also after Jam close is really hard to trust new lending platform

Actually bitcoin lending market offer is really poor, only available are:

- Bitbond (BTC & FIAT loan)
- Getline (not clear about term of fund rembursation by borrower)
- BTCpop (Ex cooworker Lee stole them over 100 BTC)
- Stemfund (Working since 2013, but unknown)
- Xcoin (not open to all country, paypal secured BTC loan )

But only the first tree work better: stemfund as i wrote is not known (but i made some little profit there)  and Xcoin is not open to all country (and by using paypal as collateral is really risky).