This is very accurate. Newbies and I will suggest Jr.member also should be restricted from posting in Lending section.
Just 2 days back I went to Lending board to see how it works because even I wanted to start lending out money but I was disappointed.
All I could see was newbies asking for loans and getting tagged in return. It was all that I could see and no real benefits from lending.
If newbies can get away with it so easily by creating new accounts then there's no point for them to make posts in the section at first place.
If there were more real lending posts out there then it would have interested not only me but many others.
Further more, moderators would have to spend lest time moderating this section.
Well if you want to open a lending thread you could always make it "self moderated" and delete all the unwanted customers.
I know that's extra work but an option.
I think giving away loans can be a good business. Seeing how many loans for example Shasan gives out in a month I bet the % he collects adds up to a nice extra amount.
I have noticed that there are newbies posting in the lending section, sometimes it makes you wonder if they are just teasing to request a loan that is too big and then say collateral, and the others are non-collateral and the size of the loan is also the same.
That's why I support that thing that the newbies should be restricted in the lending section, now you say that it is self-moderated by the lenders, it will just be extra work for them and a waste of time.