Indymoney - loan default | Bitcointalksearch.org

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Quote from: UmerIdrees on January 22, 2023, 10:34:55 PM

He has not pay back any dime yet. And since we are this far - I do not think he will ever repay anything.

Quote

I have asked him today again in the local thread here again to pay back the loan. He is not active anymore but i hope he read the posts in the local thread and decide to pay back in case he has forgotten it.

The loan amount was 0.0095 to be repaid which is around 220$ and it is quite less now as compared to the previous year when the bitcoin price was high in the bull run.

Indymoney was last active on 24 Feb 2024. Almost year passed and he did not make any post. He may leave the forum because of so many negative feedback

He is active on telegram and last active before 4 hours. I sent him message too in telegram. When he read messages I will try to update here. hope this issue will be solve soon.

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Quote from: AB de Royse777 on March 14, 2021, 01:59:23 AM

Quote from: janggernaut on March 13, 2021, 03:11:58 PM

Anyway, does indy money has repaid some of the loan to Royse777 or he is still doesn't pay anything? I've seen him online on this forum recently

He has not pay back any dime yet. And since we are this far - I do not think he will ever repay anything.

I have asked him today again in the local thread here again to pay back the loan. He is not active anymore but i hope he read the posts in the local thread and decide to pay back in case he has forgotten it.

The loan amount was 0.0095 to be repaid which is around 220$ and it is quite less now as compared to the previous year when the bitcoin price was high in the bull run.

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Quote from: 16xypjnxlrew on January 28, 2022, 08:18:30 AM

I thought there was a deal between them that looked like DeFi loans. He borrowed about $200 from a creditor, saying that he didn't work, maybe that's why he couldn't repay this loan to him? Do you know what collateral he had?

The borrower's collateral was his reputation on this forum.

The case is very old so I don't see the relevance of such questions anymore. I don't know what's making you curious, but if you want to learn more, you can read OP's post again and figure out everything else on your own.

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Quote from: FatFork on January 28, 2022, 07:53:10 AM

Quote from: 16xypjnxlrew on January 28, 2022, 04:43:00 AM

What is the point of asking for a loan equal to the collateral value of the asset? Why then should he return the debt if the creditor has already received the pledge? Why is a loan repayment required?

A loan repayment is required because it forms part of the original agreement between the parties. It has nothing to do with the value of collateral assets.
You shouldn't even ask for a loan if you think the loan doesn't need to be repaid. Instead, you should sell your alternative assets instead.

I thought there was a deal between them that looked like DeFi loans. He borrowed about $200 from a creditor, saying that he didn't work, maybe that's why he couldn't repay this loan to him? Do you know what collateral he had?

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Quote from: 16xypjnxlrew on January 28, 2022, 04:43:00 AM

What is the point of asking for a loan equal to the collateral value of the asset? Why then should he return the debt if the creditor has already received the pledge? Why is a loan repayment required?

A loan repayment is required because it forms part of the original agreement between the parties. It has nothing to do with the value of collateral assets.
You shouldn't even ask for a loan if you think the loan doesn't need to be repaid. Instead, you should sell your alternative assets instead.

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Quote from: ScamViruS on January 27, 2022, 02:30:50 PM

Quote from: 16xypjnxlrew on January 19, 2022, 12:12:14 PM

No i didn't think so. Indymoney didn't have collateral?

The loan was non collateral, so ndIndymoney did not repay and the lender did not get the money back. Lending is a risky business, the lender only lends to a user if he thinks he has the ability to repay the loan. But many times it is seen that many users do not repay the loan even if it is a small amount. So lenders have to be very careful.

What is the point of asking for a loan equal to the collateral value of the asset? Why then should he return the debt if the creditor has already received the pledge? Why is a loan repayment required?

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Quote from: JeromeTash on January 26, 2022, 05:03:39 PM

Quote from: 16xypjnxlrew on January 19, 2022, 12:12:14 PM

No i didn't think so. Indymoney didn't have collateral?

With your ranking and trust status. You think you can get a no collateral loan? I doubt Grin

Indymoney had a high ranking account at that time, plus I believe he was participating in a signature campaign. So OP probably thought he would be able to repay back the loan after some time, which unfortunately didn't happen.

That might be the one who make OP convence that he will pay since he has a campaign before so I this is one of the reminder that eventhough a user have join on a camp there are still chances that they cannot afford to pay the amount the borrowed on the given timeline. So best for other lender to check more their borrowers since if the trust them so much with huge amount for sure we will see another case like this.

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Quote from: 16xypjnxlrew on January 19, 2022, 12:12:14 PM

No i didn't think so. Indymoney didn't have collateral?

With your ranking and trust status. You think you can get a no collateral loan? I doubt Grin

Indymoney had a high ranking account at that time, plus I believe he was participating in a signature campaign. So OP probably thought he would be able to repay back the loan after some time, which unfortunately didn't happen.

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Quote from: examplens on January 19, 2022, 11:22:38 AM

Quote from: ?? on ??

Quote from: AB de Royse777 on February 16, 2021, 10:19:09 AM

~

Hi! Do you lend to everyone?

I don't think yes is the answer to that because lending money online is the riskiest kind of business in this forum and you can't guarantee someone that they are going to pay you back. Also, you can't ask for a loan when you're a low ranking member of the forum, not enough trust can be put into you so these lenders will stay away from you.

It’s a pity that the rules are strict, I just needed a small loan

So, reading this thread you thought, hey this one is naive maybe he'll give me a loan that I don't have to pay back. right?
First, this thread is not a loan service offering, it's accusations against a bad person who abused someone's trust. Next, your chances of getting any loan here are zero, only if you have good collateral to offer.

No i didn't think so. Indymoney didn't have collateral?

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Quote from: AB de Royse777 on February 16, 2021, 10:19:09 AM

~

Hi! Do you lend to everyone?

I don't think yes is the answer to that because lending money online is the riskiest kind of business in this forum and you can't guarantee someone that they are going to pay you back. Also, you can't ask for a loan when you're a low ranking member of the forum, not enough trust can be put into you so these lenders will stay away from you.

It’s a pity that the rules are strict, I just needed a small loan

So, reading this thread you thought, hey this one is naive maybe he'll give me a loan that I don't have to pay back. right?
First, this thread is not a loan service offering, it's accusations against a bad person who abused someone's trust. Next, your chances of getting any loan here are zero, only if you have good collateral to offer.

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Quote from: 16xypjnxlrew on January 19, 2022, 12:12:14 PM

No i didn't think so. Indymoney didn't have collateral?

The loan was non collateral, so ndIndymoney did not repay and the lender did not get the money back. Lending is a risky business, the lender only lends to a user if he thinks he has the ability to repay the loan. But many times it is seen that many users do not repay the loan even if it is a small amount. So lenders have to be very careful.

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Quote from: ultrloa on January 27, 2022, 06:35:16 AM

So best for other lender to check more their borrowers since if the trust them so much with huge amount for sure we will see another case like this.

Just so you know, the amount OP lent @Indymoney was 0.0075 BTC, just $85 at that time. This was very little money for Indymoney to pay back in a couple of weeks via a signature campaign, but I guess he was just a scammer.

Right now 0.0075 seems a huge amount due to the previous BTC bull run.

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Just saw this but I thought this was going to happen as some of the explanations seemed very suspicious to me and they sounded like typical excuses. He probably could have saved his rep if he chipped away at the debt over time with his sig campaign earnings but looks like he can't even do that now. He still owes money for the PL pool entry fee and I kept giving him extensions on that and I told him to make sure he pays this loan back first. He stopped playing a while ago as well which was a bit silly as he could have potentially won some money to pay you back even if partially. I know he probably got himself into a situation where he can't pay it all back but he would have been able to pay some of it back at least but with a tarnished account even that option is impossible now.

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Quote from: janggernaut on March 13, 2021, 03:11:58 PM

Anyway, does indy money has repaid some of the loan to Royse777 or he is still doesn't pay anything? I've seen him online on this forum recently

He has not pay back any dime yet. And since we are this far - I do not think he will ever repay anything.

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Exactly! I hate such people, I have dealt with too many of them...

Idk but, did you ever create a accusation thread about "too many of them"? Because you are just saying like, i've got scammed by too many of them too.
Anyway, does indy money has repaid some of the loan to Royse777 or he is still doesn't pay anything? I've seen him online on this forum recently

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Quote from: FatFork on February 22, 2021, 09:59:10 AM

Quote from: Indymoney on February 17, 2021, 09:04:53 AM

Now after having this scam accusation I am feeling not good to be part of this campaign just because of this I remove signature have some serious issues just because of this unable to pay back any thing but still fighting hard for doing this all clear.

I really don't understand your reasoning. Has it ever occurred to you to transfer your earnings from a signature campaign to your debt?

You had a good position in a bitvest campaign that you've been building for a long time, and you spoiled it, even though you could easily repay the debt to Royse777 with that money. Very irresponsible and dishonest conduct on your part.

The guy was a sig spammer, and sig spammers are thieves. They are stealing money from other bounty hunters who do respect campaign rules, and don't shitpost to boost their activity.

It sincerely saddens me to see that this guy is now also stealing from Royse777.

Nevertheless he still seems to find the time to happily continue writing posts on the Hindi boards.

Honestly, if I were him, instead of posting on the forum, I'd spend every second of my spare time to gain money and pay back the loan.

Quote from: Indymoney on February 17, 2021, 09:04:53 AM

(...) I am feeling not good to be part of this campaign just because of this I remove signature (...)

Don't pretend you removed your signature voluntarily because of feelings of guilt; the campaign simply kicks people out when they receive negative trust.

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Quote from: Indymoney on February 17, 2021, 09:04:53 AM

Now after having this scam accusation I am feeling not good to be part of this campaign just because of this I remove signature have some serious issues just because of this unable to pay back any thing but still fighting hard for doing this all clear.

I really don't understand your reasoning. Has it ever occurred to you to transfer your earnings from a signature campaign to your debt?

You had a good position in a bitvest campaign that you've been building for a long time, and you spoiled it, even though you could easily repay the debt to Royse777 with that money. Very irresponsible and dishonest conduct on your part.

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It's a shame that @Indymoney has been receiving payments from the signature campaign he has been participating in but never even thought about the person who helped him out.

From this transaction which he decided to spend at the beginning of this month you can clearly see that he didn't spend any Bitcoins for 6 weeks. Why didn't he just send Royse777 that BTC as a way of reducing the debt? The total input in the transaction was 0.00940062 BTC

I don't like people who are too selfish to even think about those who helped them out. Regardless of the situation. We all have challenges in life. The Best thing he should have done was first pay up @Royse777 then get another smaller loan if life got really so hard.

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Quote from: Indymoney on February 17, 2021, 09:04:53 AM

Now after having this scam accusation I am feeling not good to be part of this campaign just because of this I remove signature have some serious issues just because of this unable to pay back any thing but still fighting hard for doing this all clear.

Hi mate you have written this like crap but also you are not telling all the truth here. It is not just that you are not feeling good and you allegedly are thinking of removing the signature. The truth is, when campaign manager @CryptopreneurBrainboss finds out he will kick you out of the campaign. He may give you some time to solve the issue but the rule is very clear: no people with red trust are allowed in the campaign.

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Quote from: Indymoney on February 17, 2021, 09:04:53 AM

Now after having this scam accusation I am feeling not good to be part of this campaign just because of this I remove signature have some serious issues just because of this unable to pay back any thing but still fighting hard for doing this all clear.

If you were to get out of the campaign, how are you going to pay your loan? You said that you were having problems in your personal life and I don't think that it is a smart move that you are going to quit the campaign, it doesn't make you absolved of your loan default, it will only look like you are giving some excuse to not pay it.

Topic: Indymoney - loan default (Read 849 times)