Jonathan, Im sorry we have offended you..
You, sir, have not offended me. You have raised my suspicions.
We are completely open to suggestions here on what constitutes a safe loan for us, this is an ever evolving process of refinement..
Here's a suggestion: Stop lending to 16 year olds who never repay. If that's your only market, because you're restricted this this forum, perhaps it's time for you to expand your horizons. At the very minimum, you should have an SSL certificate, and a user area on your website, with a simple loan request wizard. It's very simple to underwrite loans, and there exists plenty of risk modeling data in the public domain. If you want to give loans, and take IDs, you should have an objective risk model, rather than a subjective (and obviously biased) approval process.
If you have paid attention to this thread from the begining you would see we have little to hide, and are offering a pretty decent service no ?
No. I think your service is terrible. Yours is a flawed model that has kept corruption alive, tribal warlords in power and capital growth only a pipedream for its adherents in the islamic centers of the middle east and asia. No interest? What are you selling, exactly? Oh well.. Praise be to allah, I guess. Right?
Instead of your closet hatred, why not work with us, the community, to identify things of value in trust, there are many forms of ID, many of which would make us happy to loan to you, there are also many forms of merit within this forum and other btc trust groups..
I do not bury my hatred in a closet, teflone. I wear it on my sleeve. Furthermore, I don't hate you. You have a flawed model that has apparently left you with many unpaid loans. I guess that's why interest is a good thing - it means that even if you have non payment on some loans, the interest from others replaces lost earnings, and makes for more lendable instruments.
Im just a humble white Canadian named Eric, I have a german last name, and thats about as german as I get, I am not religious, nor was I brought up religious. But even a lowly Canadian like me can see how IBB is just here to help.
Sell me harder, Mr. Aryan. Lol.
Lets have some suggestions from you, and others?
What are some acceptable forms of trust we could all agree on ?
#1 You can not ask for people's identification any more, at least until there is a secure mechanism and some increased levels of transparency in the IBB management.
#2 You can alleviate many of your problems by telling under qualified borrowers to find a co-signer. Simple. If they can't find one, you don't give the loan.