Topic: i havea question about getting loans (Read 789 times)
You can verify your ID with us. You can also put BTCT.CO assets in escrow with us automatically.
The loans are subject to arbitration and your ID information will only be revealed to lenders if you default.
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I was referring to people asking for loans using IDs but trying to use some random things (a car, apartment in a foreign country, stocks, etc) that cannot possibly be claimed, as collateral. I have no advice on what can be used for collateral though. Loans are not an easy business.
You could use stocks if they are BitFunder or BTCT stocks. Transfer the shares between the accounts, when the loan is repayed transfer them back. Although, this sort of thing is more like pawning than usual lending collateral.
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I was referring to people asking for loans using IDs but trying to use some random things (a car, apartment in a foreign country, stocks, etc) that cannot possibly be claimed, as collateral. I have no advice on what can be used for collateral though. Loans are not an easy business.
You could use stocks if they are BitFunder or BTCT stocks. Transfer the shares between the accounts, when the loan is repayed transfer them back. Although, this sort of thing is more like pawning than usual lending collateral.
hero member
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I was referring to people asking for loans using IDs but trying to use some random things (a car, apartment in a foreign country, stocks, etc) that cannot possibly be claimed, as collateral. I have no advice on what can be used for collateral though. Loans are not an easy business.
Actually, you can reclaim the loans (I'm sure borrowers won't repay to me if I scam).
Mind sharing a government insured bank that accepts Bitcoin deposits? No?
Mind sharing a government insured bank that accepts Bitcoin deposits? No?
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^^^^ Nor in collateral that cannot be claimed legally or realistically. ^^^^
I have no interest in your IDs beyond making sure that you are who you claim to be.
oh ok i kinda of understand now
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It's all fun and games until somebody loses an eye
what is proper form of collateral? and why is address id and other such personal info need including SSN?
anyone done loans or got loaned ever get idenity stolen from loans or know of anyone? im a noob here not quite
sure how site works with this process ive seen other loaning sites where you needed to verify id ?
anyone done loans or got loaned ever get idenity stolen from loans or know of anyone? im a noob here not quite
sure how site works with this process ive seen other loaning sites where you needed to verify id ?
Ask yourself what information you would want before giving money to somebody you met on the internet? How do you verify that the person you are talking to is giving you the correct information? With bitcoin there is nobody who can reverse the transaction if they do not repay, so you have to be really careful.
Think of it just like if you are walking down the street and some guy you have never met before asks to borrow a couple hundred dollars cash. Would you hand over what is in your wallet?
also i read the post i understand personal ID and stuff but ssn is a lil outrageous
what is proper form of collateral? and why is address id and other such personal info need including SSN?
anyone done loans or got loaned ever get idenity stolen from loans or know of anyone? im a noob here not quite
sure how site works with this process ive seen other loaning sites where you needed to verify id ?
anyone done loans or got loaned ever get idenity stolen from loans or know of anyone? im a noob here not quite
sure how site works with this process ive seen other loaning sites where you needed to verify id ?
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