Post
Topic
Board Economics
Re: Loans too risky?
by
bitgolden
on 01/08/2016, 19:36:36 UTC
I have lent some money to HaoBTC. The interest rate is about 8%. It is not high, but I get some income.
thats a really big profit to be honest though i dont like lending my money because i think it might be not safe at all and i dont like risking my money
yeah he might lose all the money he loaned out, the person might just steal it, besides that it depends on how long is the sum loaned out for
Why such a negative attitude towards borrowers ? I think if you yourself are very sure that the borrower will not pay then please don't expect the borrower to actually pay you. Be a little positive and sometime waiting and letting borrower ore time helps save a default.