Thanks for the help everyone! I was counting on the help of this community as I set up this venture. I'll be doing more research on the selling price of bitcointalk accounts and adjust prices accordingly.
Also, I'll be looking into escrow. The only reason I'm worried escrow might not be a viable option for such short-term loans, is because I'm thinking the fees will probably cut into profits too much. I'll probably have to offer an escrow and no-escrow interest rate.
Topic: EMERGENCY LOANS FOR 24-48 HOURS (ANY ACCOUNTS AS COLLATERAL) (Read 550 times)
You prices are to good to be true Looks like you are buying accounts here if yes I have a Sr. Member account for selling if you want it you can PM me.
I always prefer escrow will you??
I always prefer escrow will you??
It's true that I'm not in fact buying accounts, just giving loans with them as collateral.
You prices are to good to be true Looks like you are buying accounts here if yes I have a Sr. Member account for selling if you want it you can PM me.
I always prefer escrow will you??
He isn't buying accounts, he is accepting accounts as collateral for loans. Although a lot of the time that is a distinction without a difference I always prefer escrow will you??
You prices are to good to be true Looks like you are buying accounts here if yes I have a Sr. Member account for selling if you want it you can PM me.
I always prefer escrow will you??
I always prefer escrow will you??
I Would probably lower the value of full member accounts. I recently auctioned one for .065 btc, although it was a short auction.
The fact that it takes such a short time to become a full member and that so many people have been farming accounts means that full members tend to go for a lot less then their earnings potential
The fact that it takes such a short time to become a full member and that so many people have been farming accounts means that full members tend to go for a lot less then their earnings potential
All collateral should be held by a trusted third party.
Reserved.
In this thread, I will be lending BTC loans for between 24 and 48 hours.
Interest to be paid at the end of the period:
24-hours: 1% (loan of .1 BTC would incur interest of .001 BTC)
48-hours: 1.75% (loan of .1 BTC would incur interest of .00175 BTC)
Collateral accepted: Full Member or higher Bitcointalk accounts), various other accounts and other types of collateral may be accepted depending on if and what they will sell for.
Worth of Bitcointalk accounts as collateral (prices are negotiable if you can prove yours is worth more):
Full member: .07 BTC
Senior Member: .18 BTC
Hero Member: .65 BTC
Legenday: Make an offer
Bitcointalk accounts must have neutral or positive trust.
If you would like to apply for a loan, Please fill out this form:
Loan amount:
Collateral:
Reason for loan (Minimum of 1 sentence)**:
* Bitcointalk accounts will be secured for the duration of the loan. Before any funds are given, you will need to give me your password. I will change the password and email address associated with the account for the duration of the loan. After you pay back the loan plus interest, I will give you the new password to get back into your account. If you do not repay the loan within the time frame, it will be considered immediately collectible and salable at my discretion.
**The reason for the loan does not necessarily have to provide personal information. I just want to know what I am lending my money for.
Interest to be paid at the end of the period:
24-hours: 1% (loan of .1 BTC would incur interest of .001 BTC)
48-hours: 1.75% (loan of .1 BTC would incur interest of .00175 BTC)
Collateral accepted: Full Member or higher Bitcointalk accounts), various other accounts and other types of collateral may be accepted depending on if and what they will sell for.
Worth of Bitcointalk accounts as collateral (prices are negotiable if you can prove yours is worth more):
Full member: .07 BTC
Senior Member: .18 BTC
Hero Member: .65 BTC
Legenday: Make an offer
Bitcointalk accounts must have neutral or positive trust.
If you would like to apply for a loan, Please fill out this form:
Loan amount:
Collateral:
Reason for loan (Minimum of 1 sentence)**:
* Bitcointalk accounts will be secured for the duration of the loan. Before any funds are given, you will need to give me your password. I will change the password and email address associated with the account for the duration of the loan. After you pay back the loan plus interest, I will give you the new password to get back into your account. If you do not repay the loan within the time frame, it will be considered immediately collectible and salable at my discretion.
**The reason for the loan does not necessarily have to provide personal information. I just want to know what I am lending my money for.
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