Topic: [LIST] Bitcointalk's Lending Services [LIST] - page 2. (Read 2718 times)

I have succumb to the pressure as well.  I'm also charging 0.1% daily for collateralized loans, and 0.33% for non collateralized loans.  


That's the problem with the non collateralized loans, they need to provide incentive to the lender to take the risk, and they must remain profitable despite the occasional default.  You've done a pretty good job weeding out the deadbeats, and I've had a good run as well.  Even with one default I made a reasonable return in the given time frame I've been offering loans.  

When offering non collateralized loans the lender's security is really up to the lender.  Diligence in researching your client is key, and therefore non collateralized loans require more time invested.  Another legitimate reason the lender can expect them to be more profitable.  And the lender really owe's it to his trustworthy clients to keep his defaults to a minimum so he can keep his rates reasonable.  

I've been using a checklist to expedite the process, while still investigating a potential borrower thoroughly.  The checklist is always in progress, and I've been thinking about adding values to certain member attributes to help generate a sort of "credit score."  My plan is formulating a "risk" level to help calculate a reasonable, but not too risky amount to lend.  As I get better at spotting riskier borrowers, and I could mitigate the risk of non collateralized loans, lowering rates would be an obvious next step.

I like seeing this competition 
We really need better no collateral lending options. I think shasan was the main lender prior to my entry into the market again. shasan took on much larger risks and as a result, the more trustworthy users had to pay a higher rate to essentially pay for the defaults of the risker users. I still think that someone could make a profit charging lower rates than what I'm currently charging.

I've matched jbdee for general collateralized loans (no 'loyalty' required). I don't really want to enter a rate war on that front.

Haha, I'm not starting a war (I hope so), I put the same rate as the DarkStar_'s rate in this thread  
Lenders offer different service(s), by example some lenders offer higher rate but without collateral, some pay the transfer fee, etc etc.
And as I can see here, some borrowers just ask the member they trust/like the most, they don't really mind the rate...

The lending board used be such a friendly place, where lenders respected one another and all was just and fair in Bitcoinlandia.  Then the neophyte challenged the lending legend by advertising a rate so low the internet broke.  And so begin the Rate Wars.

I updated my rates and some conditions/rules, also added FIAT currencies:
https://bitcointalksearch.org/topic/lending-service-lowest-interest-loans-003day-crypto-fiat-5146331

I match the lowest rate now!

DireWolfM14, yes I meant DarkStar_, wrong copy/paste  

DarkStar_, Csmiami doesn't seem to offer 0.05%, in fact I didn't see any of his loan with that rate.
So, except for the one offering 0% loan, you have the lowest rate, I'll have to lower my rate then  

Edit: Or you'll have to increase yours 

Fixed, thanks.

It still seems to be there.
Side note: Is 0.05%/daily still an option from Csmiami? I'm claiming the lowest rate at the moment but if it's publicly offered by him for specific loan requests, I'll edit my thread title.

Yep.  I removed his rate since it's variable.  There are other members who leave it up to the borrower for religious reasons, so I leave theirs blank.  


I think you mean DarkStar_, but yes the lowest possible interest rate is all I care to "advertise."


Yep, right again.  Revised.

By example:
Csmiami says in his thread "Interest rate will be personal, since lately I'm using one for each loan", and in his loans history, you can check the rate, it is not 0.05% per day.

DireWolfM14 offers 0.10%/day only if you already took at loan at 0.13%/day or more, it is ambiguous, but I guess you are writing the lowest rate of the lender's thread, else you would have to write all the rates and it'll give you headaches.

ChrisPop, you set his highest rate in your thread, but he has also 0.75% for 2 days, which is lower than 3% for 7 days.

You are mistaken about the interest rate of some lenders, right?

It wasn't an accusation against you, please don't take it that way.  It was an explanation of the reasons behind my decision.  I noticed that you are accepting of escrow for your collateral, that's commendable. 

Best of luck with your venture.

No problem, your rules.
But you should not say this to me:

Because I'm accepting Escrow services, and my thread is not sketchy.
Do not compare me to those scammers, my account status is "newbie" but I'm not new here, and also I have another account from 2014 (but it has been desactivated because of the Bitcointalk hack in 2015, I'm trying to get it back).
Anyway, I'll be more active to get my member status and match your conditions

No thank you. 

Before you read this:

You must have read this:

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You must understand, there are a lot of would-be collateral scams by so-called "lenders" attempting to take advantage of a borrower.  Almost always those attempts are carried out by newbie accounts.  I will not facilitate the promotion of such attempts. 

Furthermore, this is my thread, my list, my rules.  I am under no obligation to add anyone.  So, sorry jbdee, the answer is no.  I will add you to the list once you've ranked up to member and haven't provided a compelling reason not to add you.

Hi,
I just added my lending service topic:
https://bitcointalksearch.org/topic/lending-service-lowest-interest-loans-003day-crypto-fiat-5146331

If you can add it to the list please 

i saw recently there are a few lenders that got banned and their service comes to pause, so i think it will be good if you add that in the list?

Alright!  The lending leader, DarkStar_ is now offering no-collateral loans.
I've updated the table in the OP to reflect the change in policy.



That's how I had the table set up initially, but some one suggested listing the interest rates the way the lenders described them in their respective threads.  I can add another column with a standardized interest rates.  Maybe I'll shrink the thread titles to something standardized as well, just to keep the table compact.


ETA: I made some changes to the table in the OP.  Please don't hesitate to make a suggestion.

I've 'rebranded' and now offer no collateral loans again. These are my rates for no collateral loans:

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Have you considered putting a standardized lowest rate (perhaps in monthly/daily interest rate)? It would make it easier to compare.

ChrisPop changed his terms, and so I've updated the OP.

👍