Start a lending business

[John Abraham]

You got some good replies from Experienced members. Here I want to add my opinion. Don't rush, please. Before you open your business, observe how others operate their business. If you see they rejected some loan requests, try to understand why they rejected them. There are a bunch of scam cases where people scammed the lender. They took a loan and never paid. Sashan is one of the lenders who recently created a few scam accusations against a few users. Since your forum rank is newbie, I doubt you understand everything about the forum. You must consider many things and check your user account before granting a loan.

The main target is return. You have to judge if the user can return your money. How much is the maximum for a user. Make sure if a user is participating in a signature campaign or not. How much is he getting from the signature campaign. Check if the account has some Negative or Neutral tag. Make sure the account did not change hands (sold account). Check for how long he is in the forum. Check if he has an active loan or not. Check for how long he is in the signature campaign. There are many more things you have to consider.

Good Luck!

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[1714830657]

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[1714830657]

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[YUriy1991]

You got some good replies from Experienced members. Here I want to add my opinion. Don't rush, please. Before you open your business, observe how others operate their business. If you see they rejected some loan requests, try to understand why they rejected them. There are a bunch of scam cases where people scammed the lender. They took a loan and never paid. Sashan is one of the lenders who recently created a few scam accusations against a few users. Since your forum rank is newbie, I doubt you understand everything about the forum. You must consider many things and check your user account before granting a loan.

The main target is return. You have to judge if the user can return your money. How much is the maximum for a user. Make sure if a user is participating in a signature campaign or not. How much is he getting from the signature campaign. Check if the account has some Negative or Neutral tag. Make sure the account did not change hands (sold account). Check for how long he is in the forum. Check if he has an active loan or not. Check for how long he is in the signature campaign. There are many more things you have to consider.

Good Luck!

Yes, it is very clear the steps you described above in the process and stages, in addition to acting as a neutral intermediary, verifying and validating assets before continuing the loan and being an additional layer of security. At the very least this can create a safe and fair lending environment in the crypto space, fostering trust and enabling mutually beneficial transactions between lenders and borrowers.

[Asuspawer09]

I would like to become a lender like others on this forum, but as you can see from my account, I don't have the necessary credibility to operate like others.
I have the capital to lend, but it is normal that with such a low-level account, those wanting loans are worried about the collateral scam.
Are there any other ways to get started?

Do you think I can act as a lender by leaning on another user who escrow and who holds the collateral?


Any suggestion to start this business is very welcome.
Thank you

It's easy since you are the lender you could easily post your lending service on the Lending thread, post your lending agreement, etc. But since you are still a jr. member you might want to be familiarized here in the forum you make sure you know what you're doing because lending is a risky business there are a lot of cases here in the forum where lenders lose their money so you should be aware of that.
Still, you are the one that is going to approve every loan request so you could just pick trusted members to avoid getting scammed also don't forget collaterals if you're suspicious of lending to other members.

[capedbaldy]

It's easy since you are the lender you could easily post your lending service on the Lending thread, post your lending agreement, etc. But since you are still a jr. member you might want to be familiarized here in the forum you make sure you know what you're doing because lending is a risky business there are a lot of cases here in the forum where lenders lose their money so you should be aware of that.
Still, you are the one that is going to approve every loan request so you could just pick trusted members to avoid getting scammed also don't forget collaterals if you're suspicious of lending to other members.

The main factor that must be prepared by the owner of the loan service must be to be able to select the borrower's account history, collateral guarantees, and the borrower will not leave the account for any reason because the reputation of the account is more valuable than the loan.

The risk of a loan cannot be ignored even though we are very careful in choosing the borrower's account, so OP must understand the risk and don't give high loans