Author

Topic: Looking For A .01 Loan - 25% Interest - 1 Week Turn Around (Read 367 times)

legendary
Activity: 3038
Merit: 1104
This is what I do. I drink and I know things.
ok, contract me

Sorry but can you tell us for what reason Op have to contact you?
You want to give him a Non-Collateral Loan (?!) or you want to buy his Jr. Member Account here?

You should think it better, because either ways it's a stupid move. Undecided
newbie
Activity: 5
Merit: 0
ok, contract me
newbie
Activity: 39
Merit: 0
Okay, I guess I should have titled the thread looking for an un collateralized loan.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
Why would I be asking for a loan if I had an alt-coin that was equal in value to the loan i'm asking for? Doesn't make much sense to me.
Because then you can short sell, or go long on bitcoin, without needing to get out of other altcoins, since you'll get the full amount back once the loan is repaid, regardless of what the prices of both currencies has become. Normally if you think the price of something will go down, you would sell, but if you don't have any to sell, you can borrow some, and sell that, and buy it back for less when it is time to pay it back. That's why people use altcoins as collateral.

I have 20 Smart Cash Coins, will that work?
That stuff is going for $0.057 each according to coinmarketcap, making 20 worth $1.14. Ideally you want the collateral to be worth 120% of the amount you're borrowing, which would be more like $98, meaning $1.14 isn't going to cover it.
newbie
Activity: 39
Merit: 0
Why would I be asking for a loan if I had an alt-coin that was equal in value to the loan i'm asking for? Doesn't make much sense to me.

I have 20 Smart Cash Coins, will that work?
member
Activity: 182
Merit: 10
Algo Trader
If you are not providing the Collateral than this is just another Ponzi scheme. Please tell us about the collateral you will put and that must be equal to the amount you are asking for.

To everyone else, Please refrain from landing the Coin if he is not providing Collateral information. He is Newby. Need a bit more information.
full member
Activity: 136
Merit: 100
Okay, what are you looking for as far as collateral?

I have a truck.

Unless you can get a escrow to hold onto that truck then no ones going to be interested in a truck. Normally collateral involves altcoins or something of value which is easily transferable and is at least 150% more of the loan.

If you can get an evaluation on the truck and get a trusted escrow on here to secure it then that might be able to be collateral.
newbie
Activity: 39
Merit: 0
Okay, what are you looking for as far as collateral?

I have a truck.
sr. member
Activity: 356
Merit: 250
what is your collateral ? altcoin / account / anything yo have to place ?
no one will fill your loan, if you doesn't have a valid colateral
newbie
Activity: 39
Merit: 0
I'm looking for a .01 Loan @ 25% Interest.

Will have it paid back in full + 25% within' 1 Week.

Thanks.
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