Yes, this has happened many times, and any member who is thinking of giving someone a loan should check the borrower’s feedback ratings. If they find that the person previously borrowed and did not repay, they should refrain from granting any new loan during this period.
One member recently asked me for a loan through PM, and that caught my attention because at the same time, he has a fairly large active loan with shasan. A certain pattern is noticeable among some members, and in my opinion, such loans are more of a red flag and seem to me to be a very risky investment.
Someone with an active loan for a larger sum is quietly seeking new small loans from other members.
Usually, as the final repayment date approaches, a request is submitted for a new small loan with extra interest to extend the repayment period. In the meantime, weekly, often already after paying the installment (usually earnings from signature) of $60-$80, a new additional "short-term" loan of $50-$60 is immediately requested. In this way, the repayment of the principal debt is almost not moved until the end of the deadline for debt repayment. Then everything starts again from the beginning.
Since it's none of my business, I didn't want to get into a discussion about it, nor to start a drama, which maybe both parties will perceive as unnecessary. Maybe I'm a little more skeptical, but it doesn't look good to me at all.
I understand that someone can have problems with money in life, but to me, this looks like a classic gambler and gambling addiction. Loans to such people are highly risky, but maybe I'm not the best at evaluating such things.
