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Topic: [Legendster] Offering loans to Everyone || Collateral REQUIRED - page 2. (Read 3634 times)

hero member
Activity: 1778
Merit: 764
www.V.systems
Loan declined for user : TRex95
Reason : No response after grant.
You can apply again in 1 week from the date of this post.
hero member
Activity: 1778
Merit: 764
www.V.systems
Hello! I am new to the forum here , however not new to Betcoin. I don't know if you do Stakes/Backing , but im an MTT player and they have the SSI Series going on this week. I did not have the proper funds to be playing this week ( I should've , but we live and learn right lol ).  But this could be a way bigger ROI than doing a loan.

It would be 50/50 W/ Stake back. ( Any entry you paid for the day of total MTTs would be paid back before you take 5050 profit )
Please feel free to ask around the community about me. I have a rep , not totally good with everyone , but that's who I am. Smiley Most people like me.


Sorry not interested thank you for reaching out.
hero member
Activity: 1778
Merit: 764
www.V.systems
I might apply for loan from here but I have a question.

Why do you need to know the facebook id? Isn't that too personal.
It is to determine if you are a genuine person. Yes that is a personal detail but honestly even knowing that wont actually ensure that I will get back my investment if you decide to scam & run.
newbie
Activity: 42
Merit: 0
I might apply for loan from here but I have a question.

Why do you need to know the facebook id? Isn't that too personal.
hero member
Activity: 1778
Merit: 764
www.V.systems
Updated escrow list. Anyone else interested to apply as an escrow PM me.
hero member
Activity: 1778
Merit: 764
www.V.systems
Are they daily percentages?
And you forgot senior members.

No they are simple interest on the entire sum loaned.
They will fall under the Full members category.
hero member
Activity: 1778
Merit: 764
www.V.systems
Name : Luis McGraw
Fb ID : I don't have facebook
Forum rank : Junior member
Jam profile (if available) : Don't have jam

Why do you need the loan : I want to do some altcoion trading
Loan amount required : .1 BTC
When can you repay : 5 days
Collateral details : I offer 2 LTC as collateral

Is Bitcoin a Currency or Commodity ? : a currency

Any other references that may
improve your chance of getting a loan : LTC is a very stable altcoin that you can sell easily if i don't pay back

Sorry Denied

- Re evaluating, Kindly wait for update I didnt notice your collateral details before -

With that collateral I can give you maximum 0.009 BTC as a loan. Collateral to be held in escrow.

Value of collateral must always be higher than the loan you are asking for.

Also letting you know that with your absence in social media I will also not be able to give you an on confidence loan.



I can up the collateral to 24 ltc

For a clear reference, LTC = Litecoin & BTC = Bitcoin.

In that case I can lend you 0.1 BTC at 16% ROI for 5 days.
Total payable : 0.116 BTC on the 5th night. Keep in mind I must receive this amount in my wallet excluding all exchange charges. You will have 24 hours of grace period in case you fail to repay on the 5th night; the escrow will release 24 LTC to my btc-e account's Litecoin wallet.

To pay back within the grace period you will be paying late charge of +0.25% of the original amount for every 6 hours. Minimum late charge is 0.25% and upto a maximum of +1%
hero member
Activity: 1778
Merit: 764
www.V.systems
Cleaned up this thread. Will give lending another shot pretty soon. Thread locked for the time being.
hero member
Activity: 1778
Merit: 764
www.V.systems
Application format


Name :
Forum rank :
Collateral Description :

Why do you need the loan :
Loan amount required :
When can you repay :


Is Bitcoin a Currency or Commodity? :

Any other references that may
improve your chance of getting a loan :


In case of delay in repayment

The borrower would have 48 hours of grace period to repay the entire loan amount and would need to pay an additional 5% interest.
If the borrower makes no attempts to repay or communicate I will acquire and liquidate the collateral to recover the investment.



UPDATES

hero member
Activity: 1778
Merit: 764
www.V.systems
So here I am giving this a shot yet again but this time I will only accept collateral based loan applications.
I tried lending with no collateral back in 2015 didn't find any suitable candidates back then.

This is a self moderated topic to avoid spammers

Newbies / Jr Members must provide collateral worth : 160% (Maximum $50)

Members and Full members must provide collateral worth : 140% (Maximum $100)

Sr Members must provide collateral worth  : 130% (Maximum $150)

Heroes must provide collateral worth : 110% (Maximum : $200)

Legendaries must provide collateral worth : 110% (Maximum : $300)


Heroes / Legendaries will also be considered for collateral-less loans on case by case basis and availability of funds


FOR ALL LOANS UNDER 30 DAYS A FLAT RATE OF : 10% will be charged

FOR ALL LOANS UNDER 60 DAYS A FLAT RATE OF : 20% will be charged



I WILL NOT CONSIDER LOAN REQUESTS FOR OVER 60 DAYS


PLEASE NOTE :

FOR LONGER THAN 3 WEEKS LOANS - IF COLLATERAL VALUE DEPRICIATES BELOW THE ACCEPTED RATES FOR MORE THAN 7 DAYS, I WILL CONTACT THE BORROWER AND ASK FOR ADDITIONAL COLLATERAL. IF THERE IS NO SATISFACTORY RESPONSE OR NO RESPONSE AT ALL YOUR ASSETS SHALL BE LIQUIDATED AND THE LOAN WILL BE DEEMED TERMINATED. THIS IS ENTIRELY DEPENDING ON MY JUDGEMENT OF WHETHER YOU WANT TO GENUINELY REPAY YOUR LOAN. I MAY WAIVE OFF ADDITIONAL COLLATERAL REQUIREMENT IF I FIND YOU TRUSTWORTHY

I have never lent on the forum before so I will (still) be kinda skittish on this.

Loans will be disbursed in only : BTC / ETC / EQL



All collateral to be held by a trusted third party escrow within the forum OR myself. If you use a trusted third-party then you will be paying the escrow fees.



All loan applications are subjected to rejection or acceptance, or acceptance with modified terms based on the circumstances.
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