Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[ELSA-ELI]

Hello great prople,
So am building different ideas to have passive online income.One project I have started working on is to start loaning small amounts online to trusted and traceable members.
What can be the basic security measures I can put in place to avoid these people to run away with my money?

 

[Balint098]

You don't have to make your thread title in all caps you know...

As for the answer to your question, there's no way to trace people unless you want to force them to install something like tracker app in their phone, which can still be tricked by having multiple phones.

 

[SCAMEXPOSER]

Ensure you are giving loan to people that have financial security (salary) and ensure they present vital documents like their workplace is card, their utility bills and possibly their bank account statement for last 3 months transactions.

 

[ELSA-ELI]

You don't have to make your thread title in all caps you know...

As for the answer to your question, there's no way to trace people unless you want to force them to install something like tracker app in their phone, which can still be tricked by having multiple phones.

Noted with the titles advice,wish it came with the reason so that I learn more....

Yeah I noticed there times that someone really just need a small push ammount hence my decision to embark on this project.If blockchain can lend why not us.Zionfinance is an online platform with stable online invements.So thought of starting something simple and small for now.

 

[ELSA-ELI]

Ensure you are giving loan to people that have financial security (salary) and ensure they present vital documents like their workplace is card, their utility bills and possibly their bank account statement for last 3 months transactions.

That is very valid advice, it will be put into consideration.Thanks

 

[SCAMEXPOSER]

Noted with the titles advice,wish it came with the reason so that I learn more....

Yeah I noticed there times that someone really just need a small push ammount hence my decision to embark on this project.If blockchain can lend why not us.Zionfinance is an online platform with stable online invements.So thought of starting something simple and small for now.

It very good to start, procrastination and fear of not succeeding has been the reason some good businesses has not seen the light of the day. Once well planned challenges will be easier to manage

 

[ELSA-ELI]

Exactly alot of us are easily discourage and let our dreams die......

 

[Wisdom01]

Most people do use fake utility bill ,I'd card and others to register on the site , i suggest you ask for their bvn details and picture, but make sure your site is registered to a government body and its legally operated

 

[Kayo02]

Most online loan company's I know request for client bvn number and also have access to the client phonebook when they default they call and message their contacts.most important you should know the rules and legally operations laid down by the government

 

[ELSA-ELI]

Thanks for the ideas,there are adding up and making me to ge in a position to make an informed decision.

 

[Bushbaby7]

Also, make sure to check each applicant's credit score to ensure they have a good history of handling and repaying money. Of course, some naughty ones will likely fall through the cracks but you'll no doubt be able to **** out most of them.

 

[ELSA-ELI]

Also, make sure to check each applicant's credit score to ensure they have a good history of handling and repaying money. Of course, some naughty ones will likely fall through the cracks but you'll no doubt be able to **** out most of them.

Exactly, a bit hard to set up such machenism but it can be done.Yeah in business there are always ups and down......

 

[Bushbaby7]

Exactly, a bit hard to set up such machenism but it can be done.Yeah in business there are always ups and down......

Oh, every business will have its own teething problems, for sure. For it to succeed, it really comes down to your drive and passion for whatever it is you're looking to sell. With hard work, dedication and perseverance, I'm sure you'll do just fine.

 

[Josemendez]

Hello great prople,
So am building different ideas to have passive online income.One project I have started working on is to start loaning small amounts online to trusted and traceable members.
What can be the basic security measures I can put in place to avoid these people to run away with my money?

Perhaps having a legal agreement with those people can help , however I want to know if why you want to do such risky business when you can save the money or use it to invest in cryptocurrency , at least you can lose all through it .

 

[Reznov]

make sure you gather every single information about the client, and hire people that will do the manual verification about their ID cards and stuff

 

[ELSA-ELI]

I don't really buy the idea of online loan business because it is absolutely risky...

Yes I could agree with you but remember everything when you put your mind to it can be achieved.Imagine who knew that we could fly on planes and guess what here we are now.

 

[ELSA-ELI]

make sure you gather every single information about the client, and hire people that will do the manual verification about their ID cards and stuff

That is a good submission,am taking notes.

 

[ELSA-ELI]

To succeed in online loan business, demand for collateral and referees. Besides, ensure that beneficiaries provide valid documents like identity card, drivers licence or international passport. Most importantly, confirm and scrutinize means of paying back as some people may want to default after loan collection.

Thanks am taking key note of the submissions.

 

[faribakhazaei]

Hello great prople,
So am building different ideas to have passive online income.One project I have started working on is to start loaning small amounts online to trusted and traceable members.
What can be the basic security measures I can put in place to avoid these people to run away with my money?

Am not sure u be able to trace online people aroun the world by any thing, but i have an idea, you can ask those people to fulfil their account here in beermoney, like 10000 points for example, and tgis amount should be stucked here till the due, but for larger amount like 100$ i have no idea, whether it works or not

 

[ELSA-ELI]

@Faribakhazael thanks for the submission.Am looking at something similar to that.They should be linked to where I can trace them for a while.In my case it should be a public forum that I know of and they have been active there.For example if this project was live I would easily qualify those I have gotten to know from this platform those that are active.