@Devawnm367 has been offline for nearly a year now after taking the loan and hasn't logged into his account during all this time with all his accounts. So as you mentioned there seems to be no reason for him not to repay the loan given that if he participates in signature campaigns he will settle the debt within a few weeks only. Regardless of his reasons for disappearing (hopefully not due to a serious health issue), you're still facing a financial loss. This situation is a real problem especially if more cases like his appears. I noticed that his last post was when taking a loan from you, which could be coincidental or possibly linked to his exit from Bitcointalk. Unfortunately not knowing personallyit's hard to know the exact circumstances and his real intentions.
I think the borrower defaults on the loan intentionally, though I am not sure. We had contact after taking the loan though there is no post after the loan by the borrower. If the user is no more on the earth then I am wrong.
Aren't loans without collateral ones you've lost most money in? If defaulters leave collateral you'll sell it to recover some funds because you've protected yourself from a full loss. If you don't take collateral you're risking losses from users you trusted because of previous loans they've repaid. It's a risky way to make business.
Maximum borrowers try to take non-collateral loans and non-collateral loans are available by several lenders. As a non-collateral loan is available there is no need to take a collateral-based loan from the borrower.
