Quote from: ScamViruS on January 27, 2022, 06:30:50 PM

Quote from: 16xypjnxlrew on January 19, 2022, 04:12:14 PM

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.

What is the point of asking for a loan equal to the collateral value of the asset? Why then should he return the debt if the creditor has already received the pledge? Why is a loan repayment required?