Topic: questions on loans (Read 998 times)
really appreciate everyones responses here
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
im not looking for a loan 1st of all. i just have questions as ive been browsing so many topics in here and all over the forum. ok lets get to the questions.
1. why do so many loans require collaterral? even if amount of loan is small
1. why do so many loans require collaterral? even if amount of loan is small
because its too easy to scam an anonymous currency with an anonymous account
5. The interest depends entirely on the amount and the duration it is taken for. However, its much different and probably more than the real world, due to the possiblity of the risk for a scam to happen.
3.you should hover at this forum for a while to build trust so you will be easy to borrow some specific amount of bitcoin without any collateral.
Collateral are usually cloudmining accounts, alt coins, forum accounts, anything which can be sold easily to recover the loan amount in case the loanee defaults.
Interest rates vary with the amount, the small loans usually have a 20-30% rate for a few days.
Why are you interested?
Interest rates vary with the amount, the small loans usually have a 20-30% rate for a few days.
Why are you interested?
learning is all. one of these days i may ask for a loan but its not anytime this year. trying to inform myself of what i may or may not need and be ready for any questions thrown my way.
Collateral are usually cloudmining accounts, alt coins, forum accounts, anything which can be sold easily to recover the loan amount in case the loanee defaults.
Interest rates vary with the amount, the small loans usually have a 20-30% rate for a few days.
Why are you interested?
Interest rates vary with the amount, the small loans usually have a 20-30% rate for a few days.
Why are you interested?
any thread i start is self moderated. just habit. no special reason for it. ty for the quick response
1. Collaterals secure the lender... If you default on your loan, the lender still receives his funds back, and sometimes with extra %
2. Altcoins usually, accounts are also becoming popular forms of collateral....Basically anything the lender can take control of and has stable value
3. You'll find it extremely hard to get a loan unless you're considerably trusted
4. Most likely no, unless they have a substantial untrusted feedback and/or have valid collateral
5. 5% - 15%, but varies widely depending on the duration of the loan
If you have anymore questions, I'm happy to help. This is good public reference for newbies to this section.
Btw, why is this self moderated?
2. Altcoins usually, accounts are also becoming popular forms of collateral....Basically anything the lender can take control of and has stable value
3. You'll find it extremely hard to get a loan unless you're considerably trusted
4. Most likely no, unless they have a substantial untrusted feedback and/or have valid collateral
5. 5% - 15%, but varies widely depending on the duration of the loan
If you have anymore questions, I'm happy to help. This is good public reference for newbies to this section.
Btw, why is this self moderated?
im not looking for a loan 1st of all. i just have questions as ive been browsing so many topics in here and all over the forum. ok lets get to the questions.
1. why do so many loans require collaterral? even if amount of loan is small
2. what are forms of collaterral?
3. what if you do not have the types of collaterral?
4. do users do loans to accounts with 0 trust rating?
5. whats a fair interest rate in your opinions?
im sure i have more questions but ill see what answers i get from these questions and decide if i want to ask more. appreciate your guys/gals time and responses
1. why do so many loans require collaterral? even if amount of loan is small
2. what are forms of collaterral?
3. what if you do not have the types of collaterral?
4. do users do loans to accounts with 0 trust rating?
5. whats a fair interest rate in your opinions?
im sure i have more questions but ill see what answers i get from these questions and decide if i want to ask more. appreciate your guys/gals time and responses
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