Yes online lending is very very risky for your security and real life identity because you we provide your all info and documents to get loan not knowing what is the collateral of your credits. If you cannot pay for that maybe the loaner will do something bad to your identity and he will get loan to another site credited to your name Will that's very bad.
I think its a two security deal. There are bogus loaners and lenders. But most bogus dealers are the debtor. It's common from low ranking accounts.
Loans can be risky because if you do not know how to pay it back and if you are not being able to pay it back you will be in some trouble.
You should only take a loan when you are going to purchase something important.
Well before taking some deals, you must already know what kind of deal you're getting into. It's not a good reason to say that you don't know how to pay loans.