Topic: BTCjam - Any Thoughts or Experiances - page 10. (Read 57488 times)

We made it to an A credit rating without having income verified. You are mistaken about the "if your not form US, since only they can confirm Bank" statement. I am in the U.S., and I have sent in very easily verifiable bank statements, and they keep rejecting them as ""This document does not meet the required type". If they could confirm bank accounts, our income would have been accepted/verified 6+ months ago when we first tried, 2 months ago when we tried again, and than this month again. Rejected all 3 times, so it is confirmed that they must not have a way of confirming U.S. info. They should say that though, instead of telling people it "does not meet the required type". We sent in tax documents, and bank statements, all rejected. At a complete loss as to why and, and support has not explained the situation. I even offered to log into all of my accounts in a live cam Skype session(or similar client that has screen share function), to verify my bank accounts/income/sales history, etc, so that its guaranteed proof of income. I offered a very easy solution, but they did not seem to be interested in working with me on that.

quite easy that there are no lenders, it's more or less impossible to get an A/A+ if your not form US, since only they can confirm Bank and Credit Card...
Without A/A+ Rating the Lending Rate is >12% which is riddic.

Btcjam support team has to defend the tide against them across various coin boards. There seem to be more lenders than those who need loans..

You believe that they would reject bank statements based on how many deadbeat referrals you have? And/Or, you think they would not allow someone to create loans just because your referrals are clowns? That seems a bit strange, and would not be fair to do to the reliable/trusted borrower. Imagine if FICO, Experian, Transunion, Equifax, etc, checked out peoples crappy "friends" on Facebook before granting credit. HA, nobody would get a loan

Funny you say something about the references though. I sent BTCjam an e-mail/support ticket back on Sept 1st. Case #91577, asking them if it was possible to remove the references from defaulted borrowers. To this day, I never got a response. I forgot about it until you just brought it up. I do not want to be associated with anyone that has defaulted. We should have the option to remove references, especially if they turn out to be scumbags. Thats like not being able to un-friend someone on FB, when you found out they ran over your cat (on purpose), or worse. If I found out a referral was part of ISIS, KKK, or westboro baptist church, etc, and BTCjam would not let me remove that referral, that might be grounds for a lawsuit of some type.

If your hypothesis is true, why would they just not tell me that, instead of "Does not meet the required document type"? I wear big boy pants, pretty sure I can take the truth, even if the truth makes no sense at all.

Hopefully i will get my lendings from btcjam pack. I ve already 0.28 late in payment...
thats really sad :/

regards
 DavieT 1337

3 out of your 8 References are overdue or Suspended, that might influence it.

BTCJam Support team just came out of nowhere and started defensing against the claims, without any proofs!!

WTF dude! Show us some proofs before bragging yourself about your de-flawed system!

For now, I'll stick to this hard truth until I get some valid evidences:

I sent you a PM a long time ago - any news? I have also noticed since then a user called "BTCjam Debt Collections" is buying up some loans, but not others (example - "https://btcjam.com/listings/49302-vehicle-needs-transmisssion").

Why are some lenders getting help, and others not?

Has anyone been successful with uploading bank statements for income verification? If so, what am I missing/doing wrong? They have rejected my easily verifiable bank statements numerous times now with the same "This document does not meet the required type.". Yes, in .jpg form, and .png (as they request). I even included the bank managers business card once in the photo, with a bank stamp, on the bank printed income/deposit summary. Besides for getting a sample of the bank managers DNA, what else could I possibly do?

BTW, it is the same bank account I have verified/linked on file with them. I would assume they could just cross reference the files, account number, name, transactions, etc.

Also rejected, was my 1099 tax income form ( U.S. document that is requested by major lending institutions to verify sales, and is also reported to our govt). This document, I assumed, is also easily verifiable through my linked PayPal account, and/or social security number. They returned that one as well, as: "This document does not meet the required type".

BTCjam has now rejected the 2 out of 3 items they request to verify income. The 3rd, is paystubs/paychecks, which would be impossible (for me), as I own the business, am self-employed.

Anyone have any suggestions?

Misc: The bank statements (major U.S. banks) & other docs (PayPal/eBay/1099 tax form, etc) I supplied them with were already accepted by well known lending institutions like Kabbage, and OnDeck. Other crypto lending sites (Loanbase, BitBond, Btclend) have also verified/accepted them. I am really at a loss on how BTCjam could not accept them. I am even more at a loss, on why they have decided to not let me start any new loans, with everything else verified/linked, an A credit rating, 117+ BTC paid back (13 total loans), with no late payments, some early. That is even more mind-boggling than the income verification situation.

User ID: CoinPro - https://btcjam.com/users/10677

I have already PM'd @BTCJamSupport (Nov 24th) & @Tulkas (Dec 2) about the issue. No response yet. I even sent Celso a private e-mail, assuming the e-mail on the @Tulkas profile is correct.

This post is not intended to spread FUD, or make people think BTCjam is not a good site. Up to this point, everything has been great, and I really enjoy BTCjam, and the community. Hopefully this gets resolved soon.

We are actively reaching out to borrowers more and more to keep in the loop for payments that are upcoming. We do call borrowers and touch base to see how things are going. The past two months we've experimented with this and we're seeing great results so far with some of the experiments. We send an SMS, email and now are trying to touch base with borrowers more and more to get a better idea of how repayment is going.

We're really experimenting with this data and info right now but I'll try to come back and share some of the results in the future. It's a good question, thanks for taking the time to send it over.

Hi there BTCjam Supüport Team,

i really like the Site and the mention to invest in somebodys loan. Uppon the late repaying of several users i wanne u to ask, what btcjam does if the lender did not response for over 30 Day.
Will there income any calls to the lender? Emails or at the End?

Would be great to know

regards
lama-hunter

Bullshit tulkas. nice try scammer. BTCJAM == BTCSCAM

We've answered a lot of the issues your brought up repeatedly within this thread. Regardless, you are entitled to your own opinion. You are misinformed about a few things.

1. We dont remove commenting from borrowers if they are late. There are many late borrowers who have commented today without such restrictions. Not sure where you even get this idea. Many borrowers say they cannot comment, when in fact they have no restrictions against their account.

2. We dont permit links of any kind - simple as that its been like that for a long time.

3. Support is very active throughout the many places we cover on the internet. We are well aware of their activity and they handle hundreds of inquiries a day.

4. Forum - We are trying to build more product tools on a daily basis. Unfortunately, no we arent interested in a forum. There is a forum right here and many other places on the internet that you can use (which you already use for this anyway) so we thought we'd just limit one more place. You want us to know something just send us an email. THANKS

I was wrong that should be 3 not 2. But i already received 3 times on time and the total amount loaned is 20 Bitcoins that is pretty huge and that was not his first loan so i believe he will pay the remaining debt.

You cannot come to a conclusion so quickly, dude. See this! syndria is getting repayments from time to time and he'll probably reach ROI if he receives 2 more payments.


BTCJam isn't actually a scam. The ones who are asking for loans are sometimes turning out to be scammers.

BTCJam is a total scam and its owners belong in jail.

"w.r.t" is the abbreviation of "with respect to".


Maybe you got lucky this time.

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I wonder why the founder of BTCJam, Tulkas is silently stalking on the forum? I saw he was online today but found that his last post was made on July 23, 2014, 07:05:07 PM!

Is he banned by the mods? Or, is he trying to get some statistics on how many lenders went against BTCJam and how many are still believing that the site is trusted?

I never heard of that before

Not sure he has still 3 pending payments not 2 my fault.

And yes i will pm you the link.

I guess he tried to mean "w.r.t" as "with respect to".

Then you have chosen the right lender who pays everyone on time.

Would you mind sending me the link of that listing to where you've lent the loan?

What is w.r.t means?

I have accounts with both and have funded a loan in btcjam and so far i was getting paid on time, and 2 more to go ill get my roi. Hopefully me