I need loan 0.18 btc - page 2. | Bitcointalksearch.org

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: CritCeb on August 28, 2020, 01:54:11 AM

I tried to loan from the bank but i failed to the following requirements. Yes it is risk free that is why my loan request(0.18 btc) is small and it was my personal business. Well i can repay in 4 months and it is successful, no need to worry about it.

Think of it from a lender's perspective. Imagine: a Newbie account shows up, says that they will provide government ID for their loan request of 0.18 BTC, which is a significant sum of money. You already know that this is insufficient collateral (i.e. you will be unable to sell it in the case of a default) and you also know that this is something that can be bought, albeit from unscrupulous sources.

What do you think the lender would do in this situation? Would they send the 0.18 BTC to someone like you?

CritCeb

newbie

Activity: 13

Merit: 0

I tried to loan from the bank but i failed to the following requirements. Yes it is risk free that is why my loan request(0.18 btc) is small and it was my personal business. Well i can repay in 4 months and it is successful, no need to worry about it.

Mahdirakib

legendary

Activity: 1946

Merit: 1026

In Search of Incredible

0.18BTC isn't big enough to run a business. What if you become unsuccessful with your business plan? As an unemployed, how can you provide the guarantee of repayment within 4 months? You are a newbie member here. Providing government ID isn't going to be trustful as 'actmyname' said above. It will be better if you take a loan from the bank of your locality.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: ?? on ??

100% i am legit okey and not a scammer. I am very serious when it comes to loan, just send me an inbox message and then i will give it to you my info.

That doesn't answer the question I posed about collateral.

Lenders take collateral so that in the case of a default, they have some insurance so that the loan isn't as risky. Otherwise, you're practically donating to a random person. Like I said, getting your ID doesn't help a lender, even in the case of a default.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Never mind the fact that people can just buy government ID off someone else for much less than 0.18 BTC...

What good will the ID do in the case of your (likely) default?

You have nothing else to offer, except for someone's identity? There's no guarantee that the ID you provide matches to a real person, unless you're willing to carry out a KYC procedure live. Even with that, it would take a lot of effort to collect on the debts - a lot of busywork after the fact.

CritCeb

newbie

Activity: 13

Merit: 0

hello everyone, i am unemployed and looking for 0.18 btc loan for my personal business.
The guarantee repayment is 4 months.

I am a legit borrower and then i will give it to you my government id's for
verification.

For those welling to help me just send me a "Inbox Message" or just click reply.

Topic: I need loan 0.18 btc - page 2. (Read 544 times)