Is Safe to Invest Your Money?
The online lending platform has been a topic of discussion among potential investors and current lenders. With a backdrop of some who have seen their investments defaulted and put on Non-Performing Asset (NPA) status, it's natural to be cautious. This article seeks to address the safety and legitimacy of investing in , providing insights based on the platform's operations and the experiences of those involved.
Experiences of Lenders
As an experienced lender for over two years, I have witnessed firsthand the challenges and outcomes associated with the Cashkumar platform. Out of the 22,000 USD I have lent, six people have defaulted, resulting in the loans being classified as Non-Performing Assets (NPAs) by the customer care team. The platform informed me that the recovery process has become difficult, hence the declaration of NPAs. In my case, the outcome has been solely a loss, without any profit to show for my investment.
Expert Perspectives and Risks
While these negative experiences suggest potential risks, it is important to also consider broader financial contexts. Even reputable institutions like banks can face challenges if not managed well. The U.S. banking crisis of 2008 is a stark reminder of the impact of poor management, leading to a global financial crisis. However, does this mean that no financial institution can guarantee the safety of your investments?
In the context of Cashkumar, an alternative solution is to invest in high-performing experts in the stock market. These stock traders can offer a guaranteed 15% return on investment, along with a higher level of security for your funds. The focus on expert traders reflects a different approach to risk management, prioritizing consistency and reliability.
Official Perspective
To address concerns about the legitimacy of the platform, I have the privilege of working as a consultant for Cashkumar. From this position, I can assert with confidence that Cashkumar is a legitimate and secure platform. The platform is supported by numerous lenders who are actively investing in loans and reporting satisfactory returns. Transparency is a key aspect of the platform, with borrowers sharing positive feedback and indicating a quick turnaround in receiving loans. This positive feedback from borrowers suggests that lenders are also finding the platform conducive to their investment strategies.
Another critical point to consider is the security of the platform. Although the security measures may not be foolproof, the site is secure and uses HTTPS protocol to protect transactions and ensure data privacy. The availability of loans on the platform indicates that lenders are not only willing but also able to invest, which is a strong indicator of the platform's validity and reliability.
To further assess the security and legitimacy of Cashkumar, potential investors should verify the repayment rates of the loans. High repayment rates generally indicate that the platform is managing the loan portfolios effectively, which can be indicative of a well-operated business model.
Conclusion
The safety and legitimacy of investing in depend on various factors, including the experiences of lenders, expert opinions, and the overall performance of the platform. While it is evident that there are risks associated with peer-to-peer (P2P) lending, the platform's operations and the experiences of those involved suggest a level of trustworthiness. Whether choosing to invest in Cashkumar or other methods like expert stock trading, it is crucial to conduct thorough research and consider the risks involved.