Hero Member defaulted 350$ Loan [BitcoinPanther]

[Asiska02]

Still, I want to continue as many people who need the money and my lending service helped them.

You have really helped a lot in the forum through the lending service. It is a big risk to start up something like this and to be honest, you haven’t made it stressful for the borrower before giving out loan to them, asking for KYC or collateral are all out of it but makes it more vulnerable. Wanting to continue despite all those that have scammed just showed you still show concern for those that needs the money genuinely and has helped them in many ways financially wise. If you can deduce a technique that will help reduce the loss acquired from this service, it’ll be great you introduce it so as to help keep the services thriving without causing much losses to you furthermore.

[knowngunman]

Start doing KYC to those you are going to loan to and see if that stops the exits from happening. It's unreal how many have screwed you over lately.

This seems to be the best way to prevent scammers from taking advantage of Op lending service. I will advice he request for KYC for larger amount and Anyone who is not interested to be KYCed should look for other alternatives or go for smaller amount.

If they default after being KYCed, he won't get the money but at least we all will know who's behind it and if necessary, share it to other social media platforms.

The issue here is how to know whether they're not using another person information for KYC.

[albon]

If they default after being KYCed, he won't get the money but at least we all will know who's behind it and if necessary, share it to other social media platforms.

The issue here is how to know whether they're not using another person information for KYC.

I believe this member who defaulted on the loan resides in the Philippines, as evidenced by his posts on the local Filipino board. Maybe if Sashan gets his KYC and a video that this borrower recorded documenting the loan request, repayment date, and other details and evidence, he could report the scammer online through the NBI and SEC. ^{[I think Sashan will now act as a CEX to continue his service.]} 

Anyway, the scams will not end here, so OP should take stricter measures to ensure his rights. The interest he earns may have been partially or entirely lost to these scammers. If I had gone through the same scams as OP, I would have closed my service years ago.

[stompix]

Start doing KYC to those you are going to loan to and see if that stops the exits from happening. It's unreal how many have screwed you over lately.

What stops them from faking it, none of us can verify if an ID has indeed a real number or if it's just made up, and even so, even if we assume it's that guy who scammed him, those guys don't care, I'm afraid the opposite would happen trusting them with bigger sums because they have been doxxed.

If they default after being KYCed, he won't get the money but at least we all will know who's behind it and if necessary, share it to other social media platforms.

Do this shit in Europe and you're going to get screwed worse than the scammer, if you haven't entered a binding contract with the loaner you weren't supposed to even have that data, and sharing it online...no, just no!

Still, I want to continue as many people who need the money and my lending service helped them.

You've become addicted to it, isn't it?
I wonder if you're not treating this as gambling, will he pay or default kind of stuff.

[JeromeTash]

You've become addicted to it, isn't it?
I wonder if you're not treating this as gambling, will he pay or default kind of stuff.

Based on the number of loan requests and repayments, he was/is getting per days. I would say the profit isn't bad, but the problem is that lately, high ranking accounts that would rarely default loans are now doing so because the number of signature campaigns has dropped, among other reasons.

So I think his business is operating dangerously close to losses.

[tabas]

Still, I want to continue as many people who need the money and my lending service helped them.

Mad respect to you shasan. You've been defaulted many times and it seems that there's a pattern to these defaulters. I hope that it will be lessened in the near future or totally eradicated and add some more restrictions to your process of lending. With all of the amounts that were gone to you, I do think you believe in karma and these will come back to you but to them that did it intentionally, good luck to how the world will retaliate on them.

[Coyster]

I do think you believe in karma and these will come back to you but to them that did it intentionally, good luck to how the world will retaliate on them.

Well, there are so many people who do not believe in that, and IMO the most important thing is to control things within your power, and that's through mitigating the losses, but the OP has clearly stated that he wants to continue with his lending business.

So I think his business is operating dangerously close to losses.

I think so too, so many people are not upright, and if they have an active loan and see no signature campaign forthcoming, they'll leave the forum and never come back.

[Pmalek]

Seems like you have had your share of unlucky incidents involving scammers loaning money from you and defaulting on their obligations. Perhaps it's time to be a bit more strict regarding collateral and/or turning down some users who you aren't sure about. It might be easier said then done, though. Some high-ranked members who have decided to leave the forum could use a service like yours to take a non collateral loan and simply vanish soon after.

[JeromeTash]

Seems like you have had your share of unlucky incidents involving scammers loaning money from you and defaulting on their obligations. Perhaps it's time to be a bit more strict regarding collateral and/or turning down some users who you aren't sure about. It might be easier said then done, though. Some high-ranked members who have decided to leave the forum could use a service like yours to take a non collateral loan and simply vanish soon after.

I think some are using his loans as a way of exiting the forum. Like "I am leaving the forum for good but let me get no collateral loan from Shasan, let me milk this account one more last time"
If you deeply think about it, it appears as though they are selling their high ranking accounts to the lender before they exit.

[BitcoinGirl.Club]

Start doing KYC to those you are going to loan to and see if that stops the exits from happening. It's unreal how many have screwed you over lately.

I don't think that will stop anything. They can bring fake ID and show it to him. @shasan, I lost my feelings after seeing so many loan defaults from you. It's now a regular thing that every other week we will see a topic from you about your loss. I hope it stops soon.

[yahoo62278]

Start doing KYC to those you are going to loan to and see if that stops the exits from happening. It's unreal how many have screwed you over lately.

I don't think that will stop anything. They can bring fake ID and show it to him. @shasan, I lost my feelings after seeing so many loan defaults from you. It's now a regular thing that every other week we will see a topic from you about your loss. I hope it stops soon.

Yea i know, and you are right, every week we see a new defaulter for him.

@shasan this isn't a permanent fix but you could have borrowers defer their sig campaign payments to you until their loan is paid in full. Not sure if the managers will do that for you and the borrower and it doesn't stop them from leaving the campaign and just saying fuck you, but as least you won't be waiting over a year to find out if they're fucking you.