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[Reznov]

As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?

 

[Manish200]

I agree with your point but I don't think it is a skill because some have tried to be careful in lending and still never got back their money. I think people should set boundaries and customers should know that they have to prove their credit worthiness for them to receive a loan.

There is always the risk of never getting the money back even if the customers are loyal and trustworthy. Its just that making rules and regulations is really important. Taking all the precautions is all you can do and the risk factor is anyways present in all kinds of businesses.

 

[mildredtabitha]

There is always the risk of never getting the money back even if the customers are loyal and trustworthy. Its just that making rules and regulations is really important. Taking all the precautions is all you can do and the risk factor is anyways present in all kinds of businesses.

I totally agree with you. I also think businesses can set up donation platforms so that those who have extra and want to give can give then those funds can be put together and given to those who need loans so that whether they pay back or not, there is no problem.

 

[Manish200]

I totally agree with you. I also think businesses can set up donation platforms so that those who have extra and want to give can give then those funds can be put together and given to those who need loans so that whether they pay back or not, there is no problem.

Its a considerable suggestion, though I am not sure if a new business will be able to gather much funds from donations. But at this moment when things are really bad in market, its better not to lend money to someone.

 

[Razor1911]

I giving out loans is truly a profitable side business but you should always know your clients properly before giving any loan to them.

I don't think giving loan is anyway a safe way of earning. People who takes loan from you, if lose their loan amount, they are unable to pay you back. At that time your anount of capital will get locked and you will have to spend time and effort to extract the money from the borrower.

 

[Ofonime]

I don't think giving loan is anyway a safe way of earning. People who takes loan from you, if lose their loan amount, they are unable to pay you back. At that time your anount of capital will get locked and you will have to spend time and effort to extract the money from the borrower.

If you say that giving loan is not a good or safe things how do you expect people to grow their existence business?loan is very helpful but you must sign an agreement to pay back the loan on specify time or you give something to stake on for the loan that is never a bad attempt banks are doing it

 

[Peace100]

Given loan is good because is another way of making money but it will be wisely because someone can run away with your money, and if you are giving loan to someone you don't know, you have to go in agreement with the person you have

 

[Cutiesamba]

As my parents own a clothes store, sometimes people have to get clothes and pay you later (only if you know, and if they live in the nearby), but not all of pay back in time or even payback, which is a kind of loss if you calculate it, but sometimes giving loan to people makes you gain clients that keep coming a lot of time, so that's like a 50/50, do you recommend giving loans or not and why ?

For my personal experience, I think when giving a loan one should put it at the back of his or her mind that the money might not be repaid on time or ever. Money sometimes make someone who is trustworthy behave otherwise

 

[Pousinha]

I never heard before about loans concerning clothes or other physical goods. Only money loans. None of the countries I know practice this kind of loan. At best, in my new country it's possible to receive the goods if you pay in installments (only admitted when the customer owns a credit card), but no loans at all.

 

[Corzhens]

For a convenience store in the community the purchase on credit is in our culture. The seller is ashamed to decline a neighbor who would promise to pay on payday. The seller has a small notebook where the credit buys are written for the record.

 

[Cutiesamba]

For a convenience store in the community the purchase on credit is in our culture. The seller is ashamed to decline a neighbor who would promise to pay on payday. The seller has a small notebook where the credit buys are written for the record.

You are right. Some customers even get so used to not paying on time that whenever they get goods, they just tell the owner to "put it on my tab". This is a way of saying I'll come pay for the goods at a later time

 

[Setfragil]

There is nothing wrong in giving out loans to people to help fund their businesses but you must make sure that you give out loans to only trusted people or you can request for collateral should a borrower default in his payments.

 

[Hashay]

I got a loan when I initially set out for a business and I believe in give and take so I might provide a loan for others when I have but I must know what the loan is to be used for

 

[Hashay]

That's another difference between forex and crypto currency right there forex is not staying on government radar like crypto most government want to ban.

 

[Razor1911]

I think forex trading is not having much issues on countries , however it is likely that countries with weak Fiat currency will surely see no reason using it.

As long as we're dealing with Fiat currencies, there is no problem at all. The main problem arise when we use crypto coins for trading purposes. There are many restriction that have been put against trip to market.

 

[Dcspring]

I really think forex trading is actually one the best

 

[Dcspring]

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[Razor1911]

Is Coinboss mobile app available for iPhone user also

Facility is available for Android as well as iOS. Even you can use it from web browser. It is very latest website and already has increasing number of user base.

 

[Hashay]

One of the things that I would classify as a disadvantage of fiat is that one cannot use it in the market as it is not a legal tender and therefore not acceptable.

 

[Dcspring]

That's another difference between forex and crypto currency right there forex is not staying on government radar like crypto most government want to ban.

Do you think forex trade is more better than any crypto currency

 

[Dcspring]

One of the things that I would classify as a disadvantage of fiat is that one cannot use it in the market as it is not a legal tender and therefore not acceptable.

And do you think if it can be used in the market will there be any benefit