QuestionWould you borrow money to someone you've only known online? If yes, what would be the upper limit?
      – BorgClown, 2009-05-31 at 15:13:40   (7 comments)

On 2009-05-31 at 15:21:09, BorgClown wrote...
GOD DAMMIT, I MEANT LEND!!! Fine, I should sleep a little, I'm starting to turn incoherent...
On 2009-05-31 at 15:23:34, BorgClown wrote...
Ignoring my glaring mistake, I say I would, but only a small quantity, according to my current personal economy. For this month, my upper limit would be zero, and next month it would be about 100 USD. Next year I expect to be fattening the bank accounts again, so my upper limit would grow to no more than 500 USD. I'd expect it not to be paid, that's why I'd risk small quantities.
On 2009-05-31 at 19:26:30, Thelevellers wrote...
I think I would say the same as you Borg, except with lower upper limits, atm I might go to £5, once I have received my first paycheck next year probably up to £50.
On 2009-05-31 at 21:48:16, Baslisks wrote...
I don't have money to lend... so nothing.
On 2009-06-01 at 00:20:58, BorgClown wrote...
I should have made a poll, I'm sure the amounts depend on how long have you known online the borrower. A complete stranger gets zero, and a several-year relation would be near the maximum.
On 2009-06-01 at 10:47:21, Thelevellers wrote...
Very true Borg, though it depends on your level of 'complete stranger'. I would probably lend a fiver to a near complete stranger if I had money, would depend on what info I had on them I guess, making them less and less of a stranger... lol.
On 2009-06-03 at 08:12:54, Lee J Haywood wrote...
The answer to this depends on the infrastructure available. If it's PayPal, then no - I wouldn't lend anything. However, I do lend lots of money through Zopa UK, which provides me with a high rate of interest and will loan only £10 to each borrower (or more, if required). It's expected that some people will default on their loans, and they use the same collection agencies as banks, but if the money is lost then it simply reduces the interest rate in a fairly predictable way. I think if you're talking about lending money to someone you've been in contact with via IM, then you'd (a) have to really like them and (b) have learned a lot about them, probably having seen them via a web cam.