Author

Topic: [Help] What if I don't have any collateral? (Read 573 times)

hero member
Activity: 742
Merit: 502
Circa 2010
March 07, 2014, 03:16:48 AM
#5
Unless you have an immaculate history of trades and trust your unlikely to get a loan without a collateral. There have simply been far too many scams to make it worthwhile for most lenders to take the risk.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
Well say I needed a loan, For about 0.05btc to about 1 btc.

Well if you need a loan (as in cannot live without it), and not just want one, with no collateral you're screwed.  Might as well end your life.   Undecided

https://bitcointalksearch.org/topic/delete-449071
hero member
Activity: 735
Merit: 501
It depends on:

  • Your user history
  • Means of earning Bitcoin
  • Reason for wanting loan
  • Proof of means [Mining rigs for BTC, services, etc]

Even then though, I personally wouldn't be comfortable lending out more than .1BTC to a user who didn't rank highly in the above regards without collateral.   Smiley
full member
Activity: 163
Merit: 100
You will have to ask for a smallish loan. Less than 0.1 and state a clear easing for it.
legendary
Activity: 1050
Merit: 1000
Well say I needed a loan, For about 0.05btc to about 1 btc.

And I didn't have any collateral to offer, How would I get around it?

Who would loan to me?

How would you loan it to me?

I do not want a loan, I just what to know what would happen or what you would do.

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