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Post by Cherryl Russel on Apr 18, 2017 22:40:59 GMT
After browsing most of the listed loan requests looking for business opportunity, I have come to a rather unsettling conclusion. It's nothing concrete, it's just a hunch. Are the loan requests real? Some say they have 'existing' business but they can't even raise the minimum $10 for insurance? Most of the requests indicate unverified identity meaning the borrowers cannot even complete the free identity verification process. The majority of these requests are also say nothing about repayment or interest or anything. They just state the purpose intended for the money. Who can post such a request and expect funding My theory is, someone from the site administration is creating these fake requests to give an illusion that there are borrowers around while in fact only a few are available Borrowers debunk my theory of you exist!
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Post by andrewjames on Apr 18, 2017 23:02:11 GMT
I think most of the requests are posted as a hallelujah. "If someone decides to lend me the money, then am okay. If no one decides to lend me, its still okay" With that kind of thinking, the borrower will put no effort because there is nothing to be lost. I preferred the previous model where only requests from verified borrowers would be published.
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Post by Cherryl Russel on Apr 18, 2017 23:06:35 GMT
I have started an experiment sending messages to as many requests as possible to see what the borrowers have to say.
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Post by Cherryl Russel on Apr 19, 2017 19:18:46 GMT
At least i have received one reply to my messages. Waiting for 50 more replies
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daggy
New Member
Its not my first rodeo
Posts: 3
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Post by daggy on Apr 28, 2017 11:43:15 GMT
I have also browsed the loans and each request from the category am looking to fund is from an unverified member. Not sure how to proceed
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