There's a user here (I'm sure you all know who I am talking about without me having to say their name) who has been "building trust" over many months with loans that started out as $100 - $200 at a time - they have a proven history of being late with their loan repayments and now they are lending anywhere from $1,000 to $2,000 at a time with overly abundantly generous loan repayments and far fetched stories of "get rich schemes" that is funding their lending habit.
Disclaimer: I'm saying to general users, not for the user you refer to.
Yeah I also think like that, it's all about building trust, so they ask a loan in this forum. The genuine loan is either small loan (for gas fees) or big loan (for medical health etc that they don't have any way whom they need to ask).
One thing that easy to notice is the user ask the loan from many users, let's say we already have multiple financial deals and you gave me positive feedback. But in the next loan, I post my loan application to other lenders.
Other members get payments from the forum signatures, so I think they find it easier to get no collateral crypto loans and just pay within a month using the signature earnings.
Isn't they already have money from the forum signatures in the first place?
I would say, Helena Yu, that in some cases it is people with few resources from poor countries who do not have access to the banking system
If they're struggle for having access to the banking system, isn't owning cell phone and purchase internet package is harder? remember they're poor.
You have direct contact with the lender compared to the lending company I use, where it's too much hassle to contact them, especially since you can only reach them through chat support. Another reason is that you don't need to provide your identity. So you don't have to worry about your privacy.
You can ask a loan from friends or families.