Author

Topic: Looking for 1.3 BTC collateral (Read 797 times)

legendary
Activity: 1522
Merit: 1000
www.bitkong.com
January 07, 2015, 07:28:28 PM
#10

Collateral: picture ID card


sorry, you'll have to do better than that. nobody can confirm if the ID you have is even real. And what if you default? loaner will have your picture ID to do what? sell it for a few bucks on the blackmarket? Doubtful.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
January 05, 2015, 08:24:43 PM
#9
please change the title of the post. 
ID is not collateral.
legendary
Activity: 1736
Merit: 1029
January 05, 2015, 06:27:10 PM
#8
Not a valid collateral. 
What is a collateral?  Let me google that for you:

http://lmgtfy.com/?q=collateral+definition
sr. member
Activity: 280
Merit: 250
Bro, you need to try http://dadice.com
January 05, 2015, 06:24:13 PM
#7
So dont borrow that mich btc then  Wink
member
Activity: 222
Merit: 11
January 05, 2015, 08:44:27 AM
#6
I do not know what are the best. Photo ID card can do, at any time, along with the date and at the face to make it credible.

I add a bill for the internet to confirm my address.

Your intentions may be good, but what happens if you are unable to pay? The photo ID is useless to the lender in that situation.
Collateral needs to be something that the lender can liquidate to recover the loan+interest in case of default.




I do not have anything like that. If I had I would have sold it.
legendary
Activity: 1050
Merit: 1000
January 05, 2015, 08:35:34 AM
#5
I do not know what are the best. Photo ID card can do, at any time, along with the date and at the face to make it credible.

I add a bill for the internet to confirm my address.

Your intentions may be good, but what happens if you are unable to pay? The photo ID is useless to the lender in that situation.
Collateral needs to be something that the lender can liquidate to recover the loan+interest in case of default.
member
Activity: 222
Merit: 11
January 05, 2015, 08:33:11 AM
#4
I do not know what are the best. Photo ID card can do, at any time, along with the date and at the face to make it credible.

I add a bill for the internet to confirm my address.
legendary
Activity: 1778
Merit: 1043
#Free market
January 05, 2015, 08:14:44 AM
#3
I need a loan 1.3 BTC at one month.
Return: 1.5 BTC
Collateral: picture ID card
Purpose: electricity bill

Picture id card is not a valid collateral , can you provide a valid collateral ?
hero member
Activity: 854
Merit: 503
|| Web developer ||
January 05, 2015, 08:13:30 AM
#2
Anyone one can take a capture of an id card  Undecided . plus you can photoshop it .
This can't be a colletoral .

Fraud prevent
member
Activity: 222
Merit: 11
January 05, 2015, 05:16:28 AM
#1
I need a loan 1.3 BTC at one month.
Return: 1.5 BTC
Collateral: picture ID card
Purpose: electricity bill
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