and the main reason why I created this thread, because if we all keep mute, not only are these defaults likely to damage themselves, but our entire forum community at large, and as such we all need to come up with best possible solutions to address this menace, in other for lenders to be able to determine who is and who is not eligible to get a loan, so as to drastically reduce the rate at which people default for loan, while we maintain the integrity this forum has always got once day one.
The integrity of the forum isn't in question here, forum lenders and users' who borrow enter an agreement between themselves, it has nothing to do with the forum or its integrity, nor can it damage the community (as you say).
Each lender has their own set of rules, you can only advise them to tighten their rules, but you can't enforce it, so technically "we" cannot address this issue. That being said, it is sad to see that quite a lot of forum lenders have been scammed over the years, in their bid to assist users' in this forum. The thing is, no matter the rules set by a lender, it is still possible for one to default, but tightening their rules would reduce the chances of it happening.