Be aware of such people that do not use to pay back loan.

[Emmybit001]

Before giving out any loan there are questions you need to  ask, because there are so many people they Hadley pay back their loan, you should be careful of people you give loan, must people think nobody can do them anything, that is the mindset so many people have today, you just have to be careful of such people.

[AB de Royse777]

Before giving out any loan there are questions you need to  ask, because there are so many people they Hadley pay back their loan, you should be careful of people you give loan, must people think nobody can do them anything, that is the mindset so many people have today, you just have to be careful of such people.

No collateral no loan. I was in lending business and lost so much that I had to stop the service LOL

[Wiwo]

Loan is based on agreement and interest,  anything other than that is no longer a legal lending,  let say you gave your friend money to be refunded without any agreement and interest,  and he or she failed to pay back that loan you likely may not have anything to do to them and you may lose the money, along the line,  but if you want to get a lending system such as what we have here in the forum, this is based on trust reputations of the account and also the account may serve as a collateral,  so in this kind of lending system,  there is no way the loan will be defaulted without consequences.

Before you lend money out, first of all try to collect a collateral and at the same time interest on the principal loan amount with clear payment plans and timings, with that in place, we can not be rest assured that the loan will be pay back because of the consequences that will come with defaulting, so in conclusion,  lending I not an entirely bad idea it's a profitable service of you have adequate funding to keep on lending to people and getting interest on them.

[Wapfika]

Before giving out any loan there are questions you need to  ask, because there are so many people they Hadley pay back their loan, you should be careful of people you give loan, must people think nobody can do them anything, that is the mindset so many people have today, you just have to be careful of such people.

No collateral no loan. I was in lending business and lost so much that I had to stop the service LOL

Collateral is indeed the best way to stay in business safely but the problem is most of the lender doesn’t practice this anymore that’s why it’s very hard to compete if you will stick to this policy.

Usually signature campaign and trust records are now being use as substitute collateral just to have a borderline secure loan in the forum since most of the regular borrower are from signature campaigns.

[AB de Royse777]

Usually signature campaign and trust records are now being use as substitute collateral just to have a borderline secure loan in the forum since most of the regular borrower are from signature campaigns.

Signature campaig and trust records are not always a sustainable factor and income to have a secure loan. There are many members who defaulted loans even after they had a good paying signature campaign, had a good trust record. I can remember a use which was theyoungmillionaire.

[decodx]

Before giving out any loan there are questions you need to  ask, because there are so many people they Hadley pay back their loan, you should be careful of people you give loan, must people think nobody can do them anything, that is the mindset so many people have today, you just have to be careful of such people.

Lenders make their living figuring out how to handle risky borrowers.  There is a collateral requirement for that. They don't need advice from some random person on the internet who can't spell hardly properly.  Taking out a loan is no joke - you gotta pay that money back and  if you don't, then youre the one in trouble, not the lender.

[johnsaributua]

Perhaps due to the lack of awareness of borrowers and the easy opportunity to be difficult to identify, and these defaulters can still be active at any time (outside the forum TOS), because of the agreement between the two individuals and resolved privately. The convenience offered by service providers can be utilised with only a good reputation, but character and insight are sometimes at odds with a sense of responsibility.

Indeed, there must be filtration whether it is crucial data personally (with private messages) because it involves money if converted, this bad character is even still free to get a campaign signature even though there may be those who have problems with their loans.

Sometimes people who have medium rankings with good characteristics are not even considered worthy because of the bad image of some of these people, and also because there must be a further approach, resulting in not getting the opportunity even if they need it once. If the borrower realises that the money is helping, he should be more appreciative of the borrower's kindness, especially if the person is active and regularly gets a decent campaign signature, there is no reason to run away from the debt.