Looking for 150$ loan , Luxsocks Account as collateral

Bitcoinsummoner

hero member

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Quote from: TheUltraElite on September 10, 2020, 12:18:42 AM

It is very easy to social engineer an account back to the owner using the claim that the account was hacked and thus making it worthless as a valid collateral. Also there is very little resell value of accounts on other sites. But the first point is the bigger one, they are recoverable.

Hence the OP should find out something more valuable like the top altcoins if they have any for getting any credit at all.

Thus if any lender accept this loan request then the lender will be looser if the borrower default the loan either the borrower recover the account by social engineer or not. Because there is almost no chance to sell it on equal of the lending amount.

TheUltraElite

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So anyway, I applied as a merit source :)

It is very easy to social engineer an account back to the owner using the claim that the account was hacked and thus making it worthless as a valid collateral. Also there is very little resell value of accounts on other sites. But the first point is the bigger one, they are recoverable.

Hence the OP should find out something more valuable like the top altcoins if they have any for getting any credit at all.

Bitcoinsummoner

hero member

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Merit: 624

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Quote from: JeromeTash on September 06, 2020, 04:10:31 PM

2. In case you default the loan, the lender could find it harder to sell the account in order to recover the lost money.

And also it is almost impossible to sell such a account at the same time borrower may recover the account by saying that the account had been hacked. It is easily possible to prof that the account has been hacked. Just the person change IP then change password and other necessary things to prof it has been changed.

JeromeTash

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Heisenberg

An account is not gonna cut it as collateral because;
1. So many things could have happened to the account. It could have been Maliciously obtained/stolen or sold possibly breaching the terms and conditions of the service
2. In case you default the loan, the lender could find it harder to sell the account in order to recover the lost money.

Get a good collateral like top marketcap cryptocurrencies and you will be good to go.

Bitcoinsummoner

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Quote from: mapplegee on September 06, 2020, 07:47:21 AM

Hello, I am looking for 150$ loan
Ready to give luxsocks account as collateral and can repay 200$ ;
Note : It costs 500$ to register an account on the site (Luxsocks.su)
Time for loan : 2-3 days

It is not a valid collateral. Better lock the thread before getting negative trust from DT. Any types of account is invalid as a collateral. If you are unaware or still not sure about valid collateral then you may sew mentioned quote below:

Quote from: Vod on April 20, 2014, 01:03:16 PM

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Ethereum (also written as ETH). Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan. Try localbitcoins.com

mapplegee

newbie

Activity: 41

Merit: 0

Hello, I am looking for 150$ loan
Ready to give luxsocks account as collateral and can repay 200$ ;
Note : It costs 500$ to register an account on the site (Luxsocks.su)
Time for loan : 2-3 days

Topic: Looking for 150$ loan , Luxsocks Account as collateral (Read 169 times)