Topic: Loan Default by aliveNFT - page 2. (Read 814 times)

You don't have to do anything but you can teach him a lesson. The guy was scamming because he had the opportunity to do so, with all the anonymity and stuff.
Sending him an email telling him you have his real name and so might scare him enough to come back and pay his debt like a man. Simply talking about scare tactics, not more and not less.
But yeah, like I said myself, it's super hard to get this information anyway. Just wrote that is the only chance to actually get the money back.

Even if it was possible, i don't think DaveF would consider that route, what are you going to do with his location, when you live a long way across the world, the amount you'll spend in tracking someone down might even end up surpassing what was lost. That being said, no service would give you information about their customer, they only give such to law enforcement.

Sorry about the loss DaveF and since you say he has repaid larger amounts back to you, maybe he could return and repay you, no?

This is really unfortunate and unexpected.

Honestly I think default $900 loan with the reputation he got so far and joining in $60 per week campaign isn't worth it, he might able to earn more if he keep being consistent. I speculate this might be his only account, hence he doesn't feel a loss for ruining his account.

Hard for me to believe that, the amount is tiny for the casino, so they high likely don't care at all.

Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.

This is becoming popular and is no longer surprising. I have not looked at his account yet, whether he started as a newbie or joined the forum as a newbie who teaches investments. And did this account develop as a farm? However, increasing loans to get more is an old game of scammers, which, as we see, works well on the forum. I recently wrote about one account that follows this theme, returning and immediately borrowing a loan.


We cannot stop those who believe and provide loans, but sometimes it seems that these people do not count their money at all, either because of their large amount or inattention. Probably, it is not worth "sprinkling salt on the wound," but the more such losses, the more carefully you need to "trust" your money.

I hope that he will respond, but currently I support flag, because I also lent several loans to other users and it could be me in your position and we do not need indebted users.

Well, thats shitty once again. Sorry for your loss but still hoping this maybe gets resolved.
Maybe it's a long shot but this guy took part in many casino giveaways (posting his account nickname all the time), very likely he was verified on many of those sites since they mostly only pay after KYC these days.
If you have (or know somebody that has) some good connections to one of the sites he played at maybe you can get some information about the guy. Sure it's against rules and what not but this is the only way I see to find this piece of shxx.

I remember him as the first person to give me my first merit. There must be something going on with his life, I mean who knows? It is sad to see that things turned this way for you @DaveF.
I have to lock my topic due to sheer number of personal messages and potential scam attempts.
It is indeed sad to see that you helped him in need by taking the risk and you are the one who suffered the loss. I have supported the flag.

Flag supported from my end.

Although it is not uncommon to see people scheme in this manner to build trust first before exit scamming while contacting other lenders to steal from them too, I guess the lenders on this forum are not willing to use a public ledger to notify others of any loans they are having here? It does not necessarily mean that scams will be completely avoided, someone might ask you not to put it in the ledger or may ask a lender in another platform but it could be a start.

Either way the user is foolish if they are hard working to default, campaigns can make back that amount of money in a couple of months. Wasting an account for this, well who I am to judge?

He has another $700 loan from Shasan, which another member already mentioned. Sometimes, people even scam a $50. The number of accounts sold actually gives them the confidence to leave an account by scamming the lenders. They can easily buy an account and continue doing shitposting to make some money. So, for now, the total amount is $880, which is not too small.

They might think that they could easily buy a Sr. Member account with less than $500 and try to join a signature campaign. Or, probably, they lost confidence that they won't be able to join any signature campaign, so there is no earning opportunity for them. They took the last chance to scam the lenders.

Hard luck -Dave it's sad to see someone who you start developing trust for by risking your money turn out to be opposite of what you thought them to be, any ways I have received some pm from forum members asking me for such loans before, but my first personal question is that, how well do are trust this user's to borrow them the amount, because some of them have a plan and to execute that plans they can take year's of building some trust with you and when it obvious that you risk a huge amount of money, they disappeared or start acting def to your demands for refunds, so best thing for me is to avoid such risks.

Avoid borrowing people money online no matter the amount of interest they offers, and also if they are so in need, they can make use of one of the public loan services that we have in the forum, this way they make applications and get neutral tags the moment the loan is approved for them, this way, they can just act in whatever way they wish and it won't result into you becoming their victims.

Although loans services have become a risky venture lately, but they are those who dedicate their time to the business and knows how to follow-up with cases when their arises, any ways the guy was active on the 9th of December which is recently and let hope he values the account enough to resolve this issues but untill then -Dave just move on and be careful next time

The jackpot was probably Shasan's bigger loan. I really feel so bad for him as well 

The frequency with which he got the previous loans alone was a big red flag.

Who gets a loan, repays it, then with in a few hours or days gets another bigger loan? If the person can repay the loan and then with in a short time requests for another one, it means that they never needed that loan in the first place. They are probably just building trust so that they can scam later on

Sometimes Timelord2067 may seem extreme in his judgement, but other times I think his warnings shouldn't be ignored

Flag supported.
It's funny to see that he wrote this in his bitcointalk profile page:
 

First red flag for me would be NFT in his username, but to scam someone for $180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.

I look at it as gambling. I hope my bets pay off, but you always have the possibility of loosing it all.




One of the earlier loans, perhaps I might have skipped giving it. The last one, he had already paid back 2 larger ones from me so I didn't even look at his feedback, just scanned his that he did not have and active loan.


-Dave

Yes, I don't think that if you had kept the feedback it would have stopped DaveF from giving aliveNFT the loan.

He was looking suspicious from the beginning. I left a neutral feedback temporary but later removed after few days. I doubt it would matter much though.

I agree with that, I think those of you who lend money should leave a neutral tag for each active loan you have.

The fact is that the name sounded very familiar to me and I participated in his thread when he was trying to get a loan without participating in signature campaign, and also imitating someone else he was asking for increasing loans.

See for example what Little Mouse said:


I understand that for you DaveF will be an amount that you can afford to lose but I often see loans in that section that seem to me to be playing with fire.

He had paid his previous loans, but those were small amounts, typically less than $100. That was enough to build a reputation as a paying customer. I think what DaveF approved for him was reasonable, as it was within his usual range. However, the oversight was not knowing he already had another loan. This became an issue, especially when he was granted a large loan of $500 from Shasan -- an amount far beyond anything he had borrowed before.

The main concern here is that all these are unsecured loans. Even if the borrower initially had no intention to scam, life circumstances or unexpected events could make it impossible for him to repay. Based on the signs, this loan might end up being unpaid. I’m not an expert, but I suggest lenders limit their loan exposure, even to trusted borrowers, because these are still unsecured loans. If the borrower dies or disappears, the loan remains unpaid, making it high-risk.

Since most of us don’t know each other personally here, I’d like to suggest introducing something like a co-maker system, a group loan arrangement. In this setup, if one member fails to pay, the others in the group share responsibility for repaying the loan. This concept already exists in real-world microfinance, which often deals with unsecured loans. The risk is minimized because there are co-makers who can be held accountable if a borrower defaults.

But still that is a big mistake from you. Sorry that I posted this. If you borrow someone money, leave the person a neutral tag immediately for it not to get another person into losses. But I think this is a lesson that Shasan will learn. If I am having a loan service, I think I would have also been a victim of this. Although, I may not borrow aliveNFT up to $760 for any reason.

Yeah, I did not leave a neutral tag when he took the loan from me since he had paid back a couple of before so Shasan is probably going to get burnt because of that. The flip side is that I do a scan though the last 90 days of posts from someone before giving a loan so checking isn't *that* hard.

Interestingly enough he paid back more then the $150 he ran with from me, in interest payments to myself and others.

So he did spend time and money getting his account to where it could get a larger loan.

-Dave