At this point, this service has me feeling a bit scammed.... 
I say a bit because they actually do provide you with the BTC you put in/invested, and they don't just take it and disappear. But, short of that, they seem to just take your money and stay silent about it.
Main Issues:
1) MtGoxUSD Based Loans: If I had known that these loans would be backed against USD and I would be getting screwed on the BTC price increases, I would have NEVER invested in the loan. This was not made clear when investing in the listing. The only way I found out was checking the dashboard to see how much BTC I was still owed on some current loans, and seeing that price rapidly drop with the latest BTC increases. They have a brief talking point about this type of loan, but you'd think they would highlight it more prominently.
2) Support Emails: I sent an email to their support box over 2 weeks ago now AND have yet to receive a response. So much for 24 hr turnaround times. This one alone is enough to make me wary of ANY company, let alone a BTC lending company.
3) Defaulted Loans: It looks like one of the borrowers on their site will be defaulting on a loan that I invested in. I suppose this risk comes with the territory, but you'd hope that the company would put their money where their mouth is and would do something in the way of recourse for defaulted loans.
All in all, I think I'll be staying away from this type of business until someone can button it up and make it a bit more lender friendly.
I say a bit because they actually do provide you with the BTC you put in/invested, and they don't just take it and disappear. But, short of that, they seem to just take your money and stay silent about it.
Main Issues:
1) MtGoxUSD Based Loans: If I had known that these loans would be backed against USD and I would be getting screwed on the BTC price increases, I would have NEVER invested in the loan. This was not made clear when investing in the listing. The only way I found out was checking the dashboard to see how much BTC I was still owed on some current loans, and seeing that price rapidly drop with the latest BTC increases. They have a brief talking point about this type of loan, but you'd think they would highlight it more prominently.
2) Support Emails: I sent an email to their support box over 2 weeks ago now AND have yet to receive a response. So much for 24 hr turnaround times. This one alone is enough to make me wary of ANY company, let alone a BTC lending company.
3) Defaulted Loans: It looks like one of the borrowers on their site will be defaulting on a loan that I invested in. I suppose this risk comes with the territory, but you'd hope that the company would put their money where their mouth is and would do something in the way of recourse for defaulted loans.
All in all, I think I'll be staying away from this type of business until someone can button it up and make it a bit more lender friendly.