Topic: Searching for a 1.5 BTC Loan. (Read 732 times)

The borrower must agree to this policy prior to asking for a loan. We're not a bank, we're just a platform that facilitates and manages the contract between two (or more) parties. It would be no different than the borrower submitting this information to the lenders in order to obtain a loan from them directly. We just provide an extra buffer of privacy for the borrowers who do not default on their loans. At the same time, we also guarantee that we've verified the documents.

Ah the joys of sparkle coin!

Try shoving fire in your arse before asking. Worked wonders for me

I've been investing on lendingclub.com for a couple years now and love it.  This is a great idea and the highlighted part is my favorite part!!!

Just a heads up though... you might get sued for releasing peoples ids when they end up with broken/missing appendages... or worse  

If you can't provide collateral, then I'd recommend that you check out our website: bitlendingclub.com

We allow you to complete a verification process you may be able to find an investor a lot easier. Please note that we have strict verification requirements which are aimed at giving the lender more confidence. At the core of finding a loan is trust, when you can show that you're trustworthy then you have a better chance of obtaining a loan. On the other hand we also know that privacy is also important, so we as a 3rd party allow borrowers to maintain their privacy as long as they pay off their loans.

Here is how a fully verified member loan request looks like: https://bitlendingclub.com/loan/browse/lid/734

Note that it shows the country flag of the borrower and a BLC rating of 5/5. This means that the user has completed all 5 mandatory verification steps (otherwise they wouldn't be able to post the loan request anyway).

Here are the verification steps:

1. Verified their ID, by uploading a copy of their ID, Driver's License or a Passport.
2. Verified their address, by uploading a proof of address (i.e. utility bill, phone bill, cable or internet service bill, etc.)
3. Verified their phone number by receiving an SMS with a PIN number which they must enter in our system.
4. Verifying their e-mail address in order to ensure that they can receive e-mail notifications.
5. Providing a proof of income. The borrower must upload the 3 most recent paychecks and specify the contact information of their employer (company name, address, phone number, and length of employment).

If a borrower defaults, then we can release all of these documents to the lenders for the purpose of legally prosecuting the borrower and collecting on a loan.

Hi.
You could have a look here for example:

https://bitcointalksearch.org/topic/lendingescrow-1-btc-liquidity-1-to-1-open-524622

Regards, CC.

Well it looks like i have a bit to ponder. thank you very much for your help. i very much appreciate it.

You would typically offer another cryptocurrency or digital item because shipping a physical item can be costly. However, some lenders will accept something physical to be shipped to them, such as a phone, watch, gold, etc. Do you have anything to offer that is worth more than the amount to be loaned to you?

I'll have a Ferrari too

Please excuse my naivety but what would i use for collateral? Another form of cryptocurrency? Ive never asked for a loan for bitcoins before so im kind of new to the process.

You will need to provide collateral before anyone will offer a loan.

Let me start off by acknowledging that it is very bad taste that the first post I've made directly after creating an account is asking for a loan. My sincerest apologies for the lack of proper etiquette. I'm looking for a   1.5 BTC loan i can pay back 3 BTC in 45 days (More than likely it will only be 30 days). I'm trying to upgrade my mining speed. If anyone can help please let me know. again my deepest apologies for the poor form.