If others are doing it, so am I!
DiamondCardz's micro BTC loans!
Minimum loan amount: BTC 0.01
Maximum loan amount: BTC 0.05 (BTC 0.1 if you have a good reason)
Maximum loan amount: BTC 0.05 (BTC 0.1 if you have a good reason)
Interest rates:
(e.g for a 4 day loan, if I borrow .01, after the 4 days I pay back .018)
1 day loans: 50% interest
2 day loans: 70% interest
3-5 day loans: 80% interest
6 day loans: 90% interest
7 day loans: 100% interest
The reason for the high interest is because it is not very profitable to conduct micro loans at an interest rate of, say, 5%.
(e.g for a 4 day loan, if I borrow .01, after the 4 days I pay back .018)
1 day loans: 50% interest
2 day loans: 70% interest
3-5 day loans: 80% interest
6 day loans: 90% interest
7 day loans: 100% interest
The reason for the high interest is because it is not very profitable to conduct micro loans at an interest rate of, say, 5%.
Late fees: 10% per day late, compounded.
I.E if you borrow .05 on a 7 day contract and fail to pay .1 on the payment day, the owed amount increases to .11. Then .121, and so on. Resolutions can be made if it becomes too difficult to pay.
I.E if you borrow .05 on a 7 day contract and fail to pay .1 on the payment day, the owed amount increases to .11. Then .121, and so on. Resolutions can be made if it becomes too difficult to pay.
I reserve the right to refuse loans.
Terms:
- I will refuse ANY loan to a Jr. Member.
- I reserve the right to refuse a loan to any user.
- Your account must be at least 8 weeks old.
- You must state your reason for the loan.
- Gambling IS allowed, but you MUST have a way to pay it back.
- If your full name is Joseph Rondini, your sexuality is "Gay", and you live off of Welfare and food stamps, by posting on this thread you automatically enter into a contract where you must, I don't know, pay back all the people you scammed?
If you are refused a loan, you may re-apply after 48 hours. If you are refused a loan again, you may re-apply after 1 week.
Current lending status: OPEN
Terms:
- I will refuse ANY loan to a Jr. Member.
- I reserve the right to refuse a loan to any user.
- Your account must be at least 8 weeks old.
- You must state your reason for the loan.
- Gambling IS allowed, but you MUST have a way to pay it back.
- If your full name is Joseph Rondini, your sexuality is "Gay", and you live off of Welfare and food stamps, by posting on this thread you automatically enter into a contract where you must, I don't know, pay back all the people you scammed?
If you are refused a loan, you may re-apply after 48 hours. If you are refused a loan again, you may re-apply after 1 week.
Current lending status: OPEN