Topic: I need help the adivce regards my loan service here (Read 451 times)

Bro why do you care about this forum or you are trying to make money from Lending service?

Read this from the other thread

Better do charity.

If you do not want to do charity then send me 1 BTC. I will give you permission you to hold up to 0.5 BTC value of coin as long as this 1 BTC I am holding for you. Good enough 😉

OP does not seem serious about his lending business here. I had to check OP profile for myself after reading through all the replies and comments and the tags gotten by OP seems realistic and speaks more of OP and his activities here.

I could tell OP did not do his or her findings before coming here to put up loan business. Come to talk of it, OP has no reputation here and nobody would make such mistake of getting engaged with OP for loan or whatever. All I could advise OP is to take time to work on making more valuable contribution rather than trolling the platform with loan business proposals.

He actually did not do his homework on how lending works. He thought he would convince the borrower with such bad rules to send him collateral! This Newbie is another example of how they make new moves using different techniques. If a user has a good enough reputation in this forum, then there is no need to take a loan with such collateral, it is not a good business model at all and it is very bad for the borrower. So I think this user has already learned that everything is not so simple.

There's no reputable lender here that asks 50% more of the collateral Obviously there is a bad intention on his side, even if he tries to defend his business he is already exposed, he failed to do research on how lending is done in this forum, he just set up his own terms and rules that is unfair for members here.
Those who want to set up a lending business here, have to do research on how lending works here, establish their reputation, and above all be fair to those who want to take a loan, OP's business is worse than a loan shark.

Giving loan without collateral is very risky, many reputed members have not repaid with small amount loan, even the amount was very small according to his rank. If you go to the Scam accusations board, you can see how many defaulters there are. And those loans were without collateral. So that it is easy for those scammers to take loans from those lenders and leave the forum.

This user will approve a 50% loan with collateral from the borrower, meaning he will have 50% more amount of money with the lender than the borrower's loan. It is risky to send collateral to such a low rank member, even if he gives a loan to a borrower with collateral, he has 50% extra funds than the loan, which means he will be profitable even if he runs away with the collateral money.

So the feedback given on his profile is reasonable, and that's what he intended.

To avoid a furtherance of such situations lenders should stick to getting collateral for any money they are lending out not respecting the repute, rank or pitiful excuses the borrower might wanna craft out while asking for a loan. Every borrower usually talk and  looks innocent when seeking for a loan it's afterwards their true character surfaces.

For an unfortunate situation where the borrower has to get into bad health later after taken the loan leading to his non return maybe due to how critical their health condition is and so couldn't return to forum to repay his loan, for what is worth it a collateral would cover for such circumstance and the lender won't be at loss.

That's why is ideal a collateral must be used as security in every loan business as we can't control events  that may arise in the next minutes.

Yes, it is absolutely true. These incidents actually occurred here in the forum. I also remember that there was a famous member who gave a loan to a member with a good rank and reputation and did not recover the money. This happened because the member who borrowed the money had force majeure circumstances that prevented him from paying on time, but what is the benefit? This incident greatly damaged his reputation.

In conclusion, loans without collateral have many problems, and I am surprised that the OP is looking to provide lending services even though he has a red tag on his profile due to his accusation of “Liar and collateral scammer.”

Right you are. If he provides the loan without any collateral then there will be no risk for the borrower. In that case, even if he has thousands of negative trusts, he can run the landing service with the account. But the fact is that no one will give him any collateral in this condition.  So I would advise the op to skip this decision and use his money for trading or holding bitcoins. It may serve him well. Because if he wants to run a landing service in this situation, he himself may be a victim of a scam. 

Very true indeed as no one would ever trust such user with collateral due to the red tags and the newbie account rank of the user. Well, I agree that the user can offer no collateral loans and many members may take advantage of those loans but newbies often make mistakes when they offer no collateral loan services because there are many scammers in lending boards who always try to trap the lenders and those newbie lenders often be prey of the scammers. I have seen a newbie who gave non-collateral loan to another newbie but the other party left the forum and took away the money. I have also seen a reputed member who gave loan to a newbie and he/she also didn't got the money back.

If you really want to offer loans on this forum then you should first gain some trust from the reputed members of the forum which isn't going to happen because your account is already tagged. And, I must warn you that if you're thinking about offering non-collateral loans then only give loans to the users who are trusted and are active high rank members of the forum. Lending is very risky on this forum and if you do it without proper preparation then only you will be responsible for the losses that you face.

I also agree that there are well reputed members of the forum who have been offering non-collateral loans to the members who are active on this forum and are selected in a signature campaigns. But, I must say that those lenders have also faced some losses by offering those lending services. Sometimes we really don't know that who's going to repay us and who's not not going to repay, and that's why we tend to face losses by giving loans to the ones who won't pay us back. I should say once again that lending is highly risky on this forum and if someone is offering non-collateral loans then that thing is even more risky.

Your account is Newbie and on the other hand  you already tagged red. so no one will Trust you and give you any collateral for taking any loan from you but if you want to give a no collateral loan then this is not any problem. you can start your business. But remember that some users are offering loans here from a long ago and they are members with very high rank and they are lending money at very low interest rates.  Many take loans from them because they are already very trusted in this forum and they have a great reputation. so people will be interested in taking loans from you if you have to offer them at a lower interest rate

The only trouble with that is as soon as a user says they want a trade or loan "to build trust" a certain core group of users will slap that person with fictitious negative trust feedbacks and dt distrust.

Rinse and repeat.

The loan offer of 50% collateral from a new user on the forum appears highly questionable. Taking into account your unfavorable feedback, which seems justified, it's essential that you retract your offer. Building trust is crucial, and this can be achieved by either becoming a reputable and dependable member within the community or enlisting the support of a trusted individual who can manage the collateral funds through escrow. This is the sole viable approach to initiating a lending service here.

I distrusted you yesterday, so I can only imagine you're referring to me.  It certainly wasn't because I want to silence competitors.  If I cared that much about lending business, I wouldn't have let my thread dwindle down to the second page of the lending board.  If you want to know why I chose to exclude you, it's because of this:


There was no need for that, it's uncalled for, shady as fuck, and shows extremely poor judgement on your part.  I thought we understood each other better than that, and suggesting that it's because I'm trying to obstruct competition is insulting.  I also didn't appreciate you attempting to include me in some escrow scheme to hold the lender's money.  The last thing I need is to involve myself in some shitbird's loan drama.

That must be why one of them has now gone on to DT distrust me in a feble attempt to silence anyone who states the obvious that one by one (some) of the more established lenders are trying to knock off anyone who trys to establish a rival lending business.

Sad really.

Two users that also happen to have a lot of experience when it comes to identifying scammers in the Lending section and whose opinions on such matters are valued by others.

Regardless, nobody who ever went on to have any kind of positive reputation here ever got their start as a lender... That's just not how things work here. There's also plenty of evidence that suggests this is a long-time scammer coming back to attempt yet another scam.

You should look to who has trust feedback distrusted you - two users who just happen to have their own lending threads.

Clearly English is not your first language.  Try seeking advice in one of the local boards applicable to your own language in the hope you can get assistance with your lack of descriptions that some people here have taken an exception to.

As a Newbie no one will agree to keep collateral to you for loan. you can start a non-collateral loan services it can work properly for you. and it will more better if you buy a copper Membership for your account before start loan services

The only way I found best is to get some reputation or collaborate with existing reputed members who are willing to collaborate with you. Or hire some managers to promote your platform. Oh wait you do not have some platform but why not make one? But of course, that platform needs attention and money to spend on. But hey! It's just a piece of advice the decisions are still yours.

DireWolfM14 took his time to make a post which is currently pinned in the lending board, but I guess you just ignored it or at least you are trying to act too stubborn because you have already pulled off a similar scam in this forum before.

Lending Board Rules of Engagement - Attention Lenders and Borrowers

I have a feeling you are just trying to pretend that you are a newbie here, but you are not.

If you're serious about your intentions, why not buy a copper membership and create business plan for your service and then hire a campaign manager to promote your services, I've seen your posts and you don't seem to be taking your services seriously, I don't know if English is your 2nd language but I am sure that there are ways to connect with people and the way you post, doesn't have an effort so how can people trust you? Especially being a newbie that wants to offer a loan service which is risky when you do it online as you blindly trust Internet stranger, if you really want to conduct a business here, stay in the forum and participate in discussions.