Considering the collateral scams that have taken place on this forum over the years I would urge borrowers to always ask an escrow to hold any collateral you might have.
Using an escrow is mutually beneficial to both parties in this scenario so I don't see a reason why one should continue without an escrow.
(Borrowers can feel secured knowing their collateral is safe while the lender can also feel secure knowing that the collateral was secured by an experienced/trusted member of this community)
Advise to @OP: You could provide a signed message from your ETH address to assure borrowers that your service is legit. Signing a message is pretty simple provided you have the private keys.
Just my 2 cents.
EDIT: LoyaceV's post wasn't up while I was writing this but by the time I decided to post(procrastination) I noticed his one but still decided to post mine thinking it might be of use to someone. hehe
Topic: Interest FREE ETH Loans - Minimum: 1 ETH (Read 299 times)
All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Can you sign a message from that address saying "Hi LoyceV, today is January 4, 2018 and my nickname is Cinematics on Bitcointalk"?Possible collateral scam
My thoughts exactly. I've seen this before, probably because Vod tags all Newbies who ask for a loan.Thread archived
Be careful to trade with him since he is a newbie and most probably it is not his ethereum address.
Possible collateral scam, use an escrow until this user proves himself trustworthy.
I've been lurking around this forum for quite some time and I see the huge need people have for loans. I just want to help a few guys. Collateral of the same amount is a MUST, preferably in altcoins.
My loans will be interest free for the first 10 people. After that a certain interest rate will apply (to be announced). All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Minimum Loan Amount: 1 ETH
Maximum Amount: 25 ETH
Maximum Repayment Period: 45 days
Request for the loan in this format:
Loan Amount:
Purpose of the Loan:
Repayment Date:
Type of Collateral:
ETH Address:
PS: All loans are disbursed at my own discretion. I reserve the right to turn down your loan request. Collateral will be sold off if you fail to pay up on time and fail to communicate as well.
My loans will be interest free for the first 10 people. After that a certain interest rate will apply (to be announced). All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Minimum Loan Amount: 1 ETH
Maximum Amount: 25 ETH
Maximum Repayment Period: 45 days
Request for the loan in this format:
Loan Amount:
Purpose of the Loan:
Repayment Date:
Type of Collateral:
ETH Address:
PS: All loans are disbursed at my own discretion. I reserve the right to turn down your loan request. Collateral will be sold off if you fail to pay up on time and fail to communicate as well.
That's quite a lot of ETH.
By the way, just a friendly advice -
Don't deal with clients with emotion or you will be ripped off. I have lost a lot by landing here. Just because I was good to them.
Without valid collateral, don't give any loan
Since you are a newbie, use an escrow always.
Good luck to you.
Thanks for the advice. I will tread cautiously.
I've been lurking around this forum for quite some time and I see the huge need people have for loans. I just want to help a few guys. Collateral of the same amount is a MUST, preferably in altcoins.
My loans will be interest free for the first 10 people. After that a certain interest rate will apply (to be announced). All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Minimum Loan Amount: 1 ETH
Maximum Amount: 25 ETH
Maximum Repayment Period: 45 days
Request for the loan in this format:
Loan Amount:
Purpose of the Loan:
Repayment Date:
Type of Collateral:
ETH Address:
PS: All loans are disbursed at my own discretion. I reserve the right to turn down your loan request. Collateral will be sold off if you fail to pay up on time and fail to communicate as well.
My loans will be interest free for the first 10 people. After that a certain interest rate will apply (to be announced). All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Minimum Loan Amount: 1 ETH
Maximum Amount: 25 ETH
Maximum Repayment Period: 45 days
Request for the loan in this format:
Loan Amount:
Purpose of the Loan:
Repayment Date:
Type of Collateral:
ETH Address:
PS: All loans are disbursed at my own discretion. I reserve the right to turn down your loan request. Collateral will be sold off if you fail to pay up on time and fail to communicate as well.
That's quite a lot of ETH.
By the way, just a friendly advice -
Don't deal with clients with emotion or you will be ripped off. I have lost a lot by landing here. Just because I was good to them.
Without valid collateral, don't give any loan
Since you are a newbie, use an escrow always.
Good luck to you.
I've been lurking around this forum for quite some time and I see the huge need people have for loans. I just want to help a few guys. Collateral of the same amount is a MUST, preferably in altcoins.
My loans will be interest free for the first 10 people. After that a certain interest rate will apply (to be announced). All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Minimum Loan Amount: 1 ETH
Maximum Amount: 25 ETH
Maximum Repayment Period: 45 days
Request for the loan in this format:
Loan Amount:
Purpose of the Loan:
Repayment Date:
Type of Collateral:
ETH Address:
PS: All loans are disbursed at my own discretion. I reserve the right to turn down your loan request. Collateral will be sold off if you fail to pay up on time and fail to communicate as well.
My loans will be interest free for the first 10 people. After that a certain interest rate will apply (to be announced). All loans shall be disbursed in ETH from my wallet: 0xf8ca336c8e91bd20e314c20b2dd4608b9c8b9459
Minimum Loan Amount: 1 ETH
Maximum Amount: 25 ETH
Maximum Repayment Period: 45 days
Request for the loan in this format:
Loan Amount:
Purpose of the Loan:
Repayment Date:
Type of Collateral:
ETH Address:
PS: All loans are disbursed at my own discretion. I reserve the right to turn down your loan request. Collateral will be sold off if you fail to pay up on time and fail to communicate as well.
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