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Topic: Debt refinance loan on BTCJam - page 2. (Read 1767 times)

KWH
legendary
Activity: 1904
Merit: 1045
In Collateral I Trust.
May 20, 2014, 07:39:38 PM
#4
- New user
Everyone has to sign up sometime.

- Super low (D+) rating on BTCjam
Partly from being new, I have no idea how else they come to this number. American credit score is 630 now, not stellar, but related to this credit card that I'm trying to pay off for being at high debt usage.

- BTCjam is a scammer's hideout
I get that there are plenty of scammers there, so I'm Feel free to not invest if you feel hesitant about it. I always pay back my loans.

- 1% interested lol for such a high risk...
First off, that is 1% per month, any higher and I'd be higher than the credit card I am trying to refinance in the first place. Why would I ask for a loan that will cost me more money than the debt I am refinancing?

- Oh yeh. No collateral.
BTCJam doesn't ask for collateral, so I didn't put anything up. I'm not asking for the loan here, I went through BTCJam's verification and will be subject to their arbitration should I try anything. If I was asking here, I'd put up collateral. But I really don't get that - people here want collateral in an alternate crypto currency, which makes no sense. If I had the collateral, why would I need the loan in the first place?

People fail at reading and/or comprehension.  Roll Eyes
member
Activity: 177
Merit: 10
May 20, 2014, 07:34:05 PM
#3
- New user
Everyone has to sign up sometime.

- Super low (D+) rating on BTCjam
Partly from being new, I have no idea how else they come to this number. American credit score is 630 now, not stellar, but related to this credit card that I'm trying to pay off for being at high debt usage.

- BTCjam is a scammer's hideout
I get that there are plenty of scammers there, so I'm Feel free to not invest if you feel hesitant about it. I always pay back my loans.

- 1% interested lol for such a high risk...
First off, that is 1% per month, any higher and I'd be higher than the credit card I am trying to refinance in the first place. Why would I ask for a loan that will cost me more money than the debt I am refinancing?

- Oh yeh. No collateral.
BTCJam doesn't ask for collateral, so I didn't put anything up. I'm not asking for the loan here, I went through BTCJam's verification and will be subject to their arbitration should I try anything. If I was asking here, I'd put up collateral. But I really don't get that - people here want collateral in an alternate crypto currency, which makes no sense. If I had the collateral, why would I need the loan in the first place?
legendary
Activity: 1736
Merit: 1029
May 20, 2014, 07:25:54 PM
#2
- New user
- Super low (D+) rating on BTCjam
- BTCjam is a scammer's hideout
- 1% interested lol for such a high risk...

Oh yeh. No collateral.
member
Activity: 177
Merit: 10
May 20, 2014, 07:16:26 PM
#1
Hi - verified borrower on BTC Jam - just placed my first loan request so I would appreciate anyone having a look.

https://btcjam.com/listings/13130

I have paid back over $11000 in the past to other peer to peer lending sites (Prosper.com).
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