This is interesting, what I would like to know is how many people who defaulted on their loan were made to pay with this? I don't think it would be as easy as they say it is because I have seen a few threads on this forum and elsewhere where investors money was lost for good and nothing was done about it.

My advice to you OP is if you're lending a money which is non-reversible it's better if you only give out collateral loans, so if something happens and the borrower decides to not pay you could atleast get some of it back through that.