I don't see how that's a problem with the system. The investors fund the loans, so they decide what happens with the loans.
well, that's mean someone can make closed someone listing, just make investment and then vote for this is rep loan. that's mean sucks.
It can't happen by somebody simply closing the listing. The system requires a consensus as a result of voting, so the only reason a loan would get closed is if enough people think the loan should be closed. Furthermore, 80% of the loans get funded, so it's pretty clear that the system works quite well and there is no abuse of the functionality.
there is no social account on that list, only stupid investor want to invest on that listing.
It's about 50 cents, so I'm not sure social connections would change the absurdity of how little money people are willing to run away with.
discuss of what ? no comment on my listing and that;s why no discuss. the last one my repaid loan is same, I give clearly on description that I need purchasing good.
It's not an active listing, there is very little reason for investors to comment there. If you wish to engage people in a discussion about your loan, then I'd recommend using our forum:
http://forum.bitlendingclub.com/You're only allowed to have one reputation loan, so changing the loan type for incorrectly classified loans will open up a loophole in our system. A borrower could ask the investors to vote on the loan and make it reputation, thus getting around the limit of one reputation loan per user. The reputation is there to show that lenders have had good transactions with the borrower.
you clearly not understand my point, what I mean is, instead you delete the list, why not change category to reputation loan if investor really think this is rep loan. see
I've already explained why we can't do that. If we enable such functionality, then it opens up a loophole around the 1 reputation loan per borrower rule.
Not really, you can't easily earn 200+ reputation on the platform, especially now that we have a 1 reputation loan limit. If you want to earn 200+ reputation you have to do it by repaying loans. And your claim is a bit contradictory: if it was so easy for scammers to get high reputation, then I'm not sure why you're having so much trouble.
really ? my previous repaid loan on BLC is not reputation loan, but I got 2 reputation point. I don't have problem at all on BLC as I newbie on this site, the problem is you deleted the listing suddenly without
warning, also I read the FAQ there is no explanation about this issue, that listing will be deleted automatically if investor think the listing is reputation loan.
It's not a frequently asked question, which is why it's not in the FAQ. You're one of very few people that have asked about it. Most people understand what's happening when they read the comment, which is posted automatically when the loan gets closed.
don't compared scammer outside with honest members, I don't have trouble at all on BTC jam, you can check my profile at btcjam here :
https://btcjam.com/users/248042 BTC repaid, and now funding in progress for 3 BTC almost 100%. my trouble with BLC because the BLC system is really amateurs. at least you need to discuss to your BLC members first
before you make improvement.
I'm not sure why you're telling me this, I don't give out loans and I don't delete your loan listings. If you want to convince lenders that you're a good borrower, then you can certainly share that information with them on a loan listing.
With regards to which platform is better: the repayment rate on our system is about 96%, whereas BTCJam is 90%. We've recently taken 35% of the market share in terms of funded loans volume, so we're on our way to beating BTCJam on that front as well. Our customers enjoy a very transparent and open system, for which we frequently receive praise. Our customer service is superior to BTCJam's, again, based on our customers' feedback. BLC definitely works better than BTCJam on just about every level.