Logless VPNs Not Safe as You Think

So you're begging up your privacy online. Good for you! So you started paying for logless VPN. Does it make you feel more secure? What could possibly be the risk of handing all your traffic to a single party? Where's that server located anyway? Are you sure? What happens if someone taps your data? Will there be a record? You know that clever marketing money is coming from somewhere don't you? But where? Not sure it was erased without any trace.