Post
Topic
Board Scam Accusations
Re: Indymoney - loan default
by
ScamViruS
on 27/01/2022, 18:30:50 UTC
No i didn't think so. Indymoney didn't have collateral?

The loan was non collateral, so ndIndymoney did not repay and the lender did not get the money back. Lending is a risky business, the lender only lends to a user if he thinks he has the ability to repay the loan. But many times it is seen that many users do not repay the loan even if it is a small amount. So lenders have to be very careful.