Author

Topic: Here is my loan listing for my 3rd loan. (Read 748 times)

Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
February 13, 2014, 05:08:20 PM
#10
Collateral is not something YOU keep, rather the lender or third party escrow holds for the duration of loan. Really, read the Loan section, it's been explained dozens of times recently.

Oh he knows what collateral is.  He used collateral in his last loan.  Now he is just pointing to the fact he used collateral in his last loan, and not actually using it this time.

Most likely a scam.
KWH
legendary
Activity: 1904
Merit: 1045
In Collateral I Trust.
February 13, 2014, 09:13:12 AM
#9
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean?Huh   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951


Having assets and using them as collateral are two different things.

You have zero collateral for this loan.


How would you suggest I go about using my assets as collateral instead of having them as collateral?


Collateral is not something YOU keep, rather the lender or third party escrow holds for the duration of loan. Really, read the Loan section, it's been explained dozens of times recently.
hero member
Activity: 980
Merit: 503
February 13, 2014, 05:04:51 AM
#8
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean?Huh   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951


Having assets and using them as collateral are two different things.

You have zero collateral for this loan.


How would you suggest I go about using my assets as collateral instead of having them as collateral?
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
February 13, 2014, 04:19:51 AM
#7
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean?Huh   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951


Having assets and using them as collateral are two different things.

You have zero collateral for this loan.

hero member
Activity: 980
Merit: 503
February 13, 2014, 02:47:51 AM
#6
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean?Huh   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
February 13, 2014, 01:51:48 AM
#5
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean?Huh   You haven't posted any collateral at all.
hero member
Activity: 980
Merit: 503
February 12, 2014, 10:28:00 PM
#4
Bump.
hero member
Activity: 980
Merit: 503
February 09, 2014, 09:59:09 PM
#3
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.
hero member
Activity: 728
Merit: 500
February 09, 2014, 09:13:55 PM
#2
Amazing what people lend without collateral.
hero member
Activity: 980
Merit: 503
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