Lending to risky individual

[FastBluff]

I have to ask. I seen on a bitcoin lending site today an individual who I would consider to be very risky. They have taken out and and paid back several 1 btc loans.  While reviewing their history, I noticed that one load was defaulted for a year before it was repaid.

Would you lend to them? I would not shake a stick in their direction. I see several users invested in their loan. Maybe they are ignorant?

[monbux]

I wouldn't lend them unless they provided a collateral that I was able to liquidate at any given moment for 110% of the initial loan, maybe more, depending on how stable it was.

[acs267]

Not really, wouldn't lend without collateral, as monbux stated. One out of a few loans defaulted should still mean something.

[FastBluff]

I personally know better. But I'm trying to figure out why others are taking that risk. I can only think ignorance.

[acs267]

I personally know better. But I'm trying to figure out why others are taking that risk. I can only think ignorance.

Maybe they didn't investigate, or assumed those were the terms of the loan?

[jonald_fyookball]

I personally wouldn't lend any amount I wasn't comfortable losing, period.

[ncsupanda]

I personally wouldn't lend any amount I wasn't comfortable losing, period.

This. Just don't lend if you can't take the risk.

[byt411]

Is this lending site, by any chance, BTCJam?
It's full of scammers that take out "reputation" loans, and then default on a bigger one.