★ Offering microloans! (With or without collateral.) ★

deadlyunknown

hero member

Activity: 840

Merit: 1000

Quote from: Quickseller on March 29, 2015, 09:23:20 AM

If you are requiring collateral what is the point in restricting who can request loans from you?

The point of collateral is that it protects you completely from a default so if they default you can easily recoup your losses by selling the collateral

Okay, thanks for the feedback. Now Jr. Members are allowed to use this, but Newbies still can't.

Quickseller

copper member

Activity: 2996

Merit: 2374

If you are requiring collateral what is the point in restricting who can request loans from you?

The point of collateral is that it protects you completely from a default so if they default you can easily recoup your losses by selling the collateral

deadlyunknown

hero member

Activity: 840

Merit: 1000

Loan fund available: 0.1BTC
Loan amount pending: 0.0BTC

Newbies are not allowed for no collateral offer, sorry.
To negative trust users, you are not welcome here. I despise to any of you.

No collateral required for up to 0.025BTC.
Collateral required for up to 0.1BTC.

Alright, you want to lend my BTC?

Okay, I'll lend you some. BUT, here's my special requirement: The only collateral I accept are STEAM ITEMS.
(Preferably CS:GO skins.)

Note: I do not treat STEAM ITEMS as full market price.
Good items are treated as 20% off market price. Ugly items are treated as 40% off market price.
For keys, like TF2 supply keys and CS:GO case keys, I treat them as $1.70 in BTC each. For Dota 2 treasure keys, $2.20 in BTC each.

I only lend my BTC first for collateral if you are trusted, or else you will go first for the collateral.

Feel free to use escrow. (Of course I'll verify who'll handle the escrow. You pay all fees if there is any.)

Overdue payments will be up to 2 days only. If not paid back (as in FOREVER), I'll keep your collateral + leaving you a negative trust unless repaid, of course.

I have the right to decline your loan request if I find you shady.

Here's the format:

Code:

Loan amount:
Repayment amount:
*Collateral:
*Loan reason:
Your BTC address:
Steam ID 64: (Tip: Search on google "steam id 64")
Term duration:

(*Be specific on these fields.)

Repayment address: 1NzD4U2iVBwDysuafVFXhURFS55ayJrgsz

Topic: ★ Offering microloans! (With or without collateral.) ★ (Read 574 times)