Very true indeed as no one would ever trust such user with collateral due to the red tags and the newbie account rank of the user. Well, I agree that the user can offer no collateral loans and many members may take advantage of those loans but newbies often make mistakes when they offer no collateral loan services because there are many scammers in lending boards who always try to trap the lenders and those newbie lenders often be prey of the scammers. I have seen a newbie who gave non-collateral loan to another newbie but the other party left the forum and took away the money. I have also seen a reputed member who gave loan to a newbie and he/she also didn't got the money back.
Yes, it is absolutely true. These incidents actually occurred here in the forum. I also remember that there was a famous member who gave a loan to a member with a good rank and reputation and did not recover the money. This happened because the member who borrowed the money had force majeure circumstances that prevented him from paying on time, but what is the benefit? This incident greatly damaged his reputation.
In conclusion, loans without collateral have many problems, and I am surprised that the OP is looking to provide lending services even though he has a red tag on his profile due to his accusation of “
Liar and collateral scammer.”