btctrader
New Member
Posts: 2 
Member Type: Borrower
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Post by btctrader on Apr 5, 2017 10:45:57 GMT
I joined Socin recently and I realized that buying insurance is optional ( according to the about us section). So far I've have been going through the loan requests posted on the site and a couple of loans have no insurance. My question is, what are the chances of getting funding without insurance? |
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luiprocure
New Member
Posts: 3
Member Type: Borrower
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Post by luiprocure on Apr 6, 2017 21:02:09 GMT
Any loan with no insurance is not likely to be funded. I posted a request with insurance 3 times the amount i was looking for but only got 2 proposals. I was expecting lenders to fall over themselves trying to fund me but it was just the two. From this little experiment, i can tell every other borrower that posting loans with no insurance cover is just a waste of your time socin.org/projects/loan-for-existing-business/loan-for-business-stock-purchase/ |
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