Author

Topic: StemFund.com (Read 1591 times)

newbie
Activity: 11
Merit: 0
March 24, 2016, 02:03:43 AM
#24
Others loans can be funded as well but yes the capital of the lender is at risk if it is not a reputation loan
legendary
Activity: 2912
Merit: 1068
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March 21, 2016, 04:56:18 AM
#23
This website only work with "reputation loan". No other loan are financed. So as i read in discussion, lender haven't possibility to repay earlier.



Exactly. I don't know that any other loan except the reputation one has been funded. And reputation loans are funded only because users can't withdraw the funds, so the lender is safe and gets the profit but the borrowers can't use their coins. Very bad lending platform.
newbie
Activity: 11
Merit: 0
February 03, 2016, 03:57:23 PM
#22
Borrowers choose the rate.  We do not.
hero member
Activity: 784
Merit: 502
January 22, 2016, 12:47:37 AM
#21
200% lol. You made me laugh a lot in this awful day. Cheesy
Even a popular site like BTCJam does not even provide enough safety on the lender's side.

Never ever invest in a site which sounds too good to be true. Even if they take pictures of loan takers from webcam what will I do with those pictures if they suddenly become bankrupt and cannot afford a single penny to pay back? The best solution is to hold btc until price rises higher.

Literally this site looks like a loose shit to me.
newbie
Activity: 11
Merit: 0
January 21, 2016, 04:12:33 PM
#20
And one more thing that it looks like none of you noticed. All the loans that you see.  The picture of the borrower is the picture of the actual guy on the other side of the computer. We have a system on the platform that forces the borrower to take a picture of himself with his Webcam or smartphone to be able to list the loan.
newbie
Activity: 11
Merit: 0
January 21, 2016, 03:47:58 PM
#19
We do not choose the maximum rate at which borrowers are ready to borrow in the loans they do.    As for reputation loans yes they are the only one getting funded at the moment because borrowers cannot withdraw funds when they do one. So lenders know they will at least get their capital. Borrowers use these loans to improve their reputation on the website and show they are able to repay loans. This is the standard of the industry on how borrowers build up a credit score in the bitcoin space.
Invest responsibly!
member
Activity: 70
Merit: 10
January 21, 2016, 09:46:49 AM
#18
This website only work with "reputation loan". No other loan are financed. So as i read in discussion, lender haven't possibility to repay earlier.

sr. member
Activity: 434
Merit: 250
January 21, 2016, 04:13:04 AM
#17
Any investment that pays more than 50% in less than 3 months should be approached with caution.
hero member
Activity: 910
Merit: 1000
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January 20, 2016, 03:14:47 PM
#16
The moment the say they promise 200% returns on the casual loans,believe it,its not legit.Maybe they're running a sophisticated ponzi in the name of loans.I saw this the other day,the website is quite shady with no proper support links.Investing is not recommended,even if they pay you for first 4-5 transactions,after they reach their target,they WILL shut down.
sr. member
Activity: 392
Merit: 250
January 20, 2016, 10:35:10 AM
#15
This only store articles or gather information based on what they want to offer, they rarely invest or patronize them, i think you need to becareful of those people.
newbie
Activity: 11
Merit: 0
January 18, 2016, 04:51:44 PM
#14
Should I just create a new thread or a moderator can move this one in the right place ?
hero member
Activity: 686
Merit: 500
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January 18, 2016, 11:04:38 AM
#13
@fortunecrypto, when you say that you use collateral to borrow here what do you mean ?

It's best if you can open a thread of your own to disss your service and answer kore of the inquiries rather answerin them here in a thread asking if you are an actual legitimate service.

Agree, proof if the site is legitimate. And I think this is wrong section, this thread should move to service discussion.

So, if I lender, better to lend here with the right rules and the trustworthy escrow.
legendary
Activity: 1302
Merit: 1025
January 17, 2016, 06:36:10 PM
#12
@fortunecrypto, when you say that you use collateral to borrow here what do you mean ?

It's best if you can open a thread of your own to disss your service and answer kore of the inquiries rather answerin them here in a thread asking if you are an actual legitimate service.
newbie
Activity: 11
Merit: 0
January 17, 2016, 03:20:42 PM
#11
@fortunecrypto, when you say that you use collateral to borrow here what do you mean ?
newbie
Activity: 11
Merit: 0
January 17, 2016, 02:48:30 PM
#10
we ask for the usual identification documents only if the loan is funded. We do not see the point of hassling borrowers if they do not get their money in the end.
legendary
Activity: 2450
Merit: 1047
January 17, 2016, 09:16:45 AM
#9
I hope you are not strict like btcjam that ask everything that you can show about your identification then reject you after to much effort,
like all the other poster here. I prefer to loan here on lending section with collateral it's much easy and hassle free and you can get your loan within 24 hours
newbie
Activity: 11
Merit: 0
January 17, 2016, 08:52:29 AM
#8
Fyi the rates displayed are now weekly so investors can easily work out how much interests they will get each week.
newbie
Activity: 11
Merit: 0
January 17, 2016, 08:33:22 AM
#7
Ok,  so everyone think we are a scam.  That's a start. Feel free to shout your questions.

For the building reputation loans,  borrowers cannot withdraw money from their account while one is active. These loans are used by borrowers to improve their rating on the platform. So basically yes,  they will just repay interests.
member
Activity: 70
Merit: 10
December 31, 2015, 12:11:07 PM
#6
I don't think they are legal and safe to use. I have seen all of the loan are of high amount which are likely to be fake one. And the purpose for the loan is mining and have taken 2BTC loan with 10 weeks term to payback 200% how that high amount of interest can be paid by the borrower. ?

I will be quite away from this. Cool

I think the same. I don't trust them.  Roll Eyes
legendary
Activity: 1120
Merit: 1008
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December 31, 2015, 07:40:52 AM
#5
I don't think they are legal and safe to use. I have seen all of the loan are of high amount which are likely to be fake one. And the purpose for the loan is mining and have taken 2BTC loan with 10 weeks term to payback 200% how that high amount of interest can be paid by the borrower. ?

I will be quite away from this. Cool
member
Activity: 70
Merit: 10
December 31, 2015, 06:12:00 AM
#4
member
Activity: 70
Merit: 10
December 31, 2015, 06:09:47 AM
#3
Neve heard of it but it seem dumb to get just a reputation loan where you can't get the funds that you are lending. Is this somehow related to you as I saw a thread of yours asking for a loan.  Undecided

No. After i try to register to BTCJam and they reject my id for over 10 times (everitime they say it has a poor quality  Roll Eyes )  , i don't want other P2P lending platform!!!! I prefer to borrow here and offer, if require, collateral, and not send my ID card, and other personal data,  around the web!



legendary
Activity: 1302
Merit: 1025
December 31, 2015, 06:01:46 AM
#2
Neve heard of it but it seem dumb to get just a reputation loan where you can't get the funds that you are lending. Is this somehow related to you as I saw a thread of yours asking for a loan.  Undecided
member
Activity: 70
Merit: 10
December 31, 2015, 05:50:33 AM
#1
Anyone has invested in this?

I see that only reputation loan will be fully financed  Shocked , so it seem really safe (because rep loand could'nt be witdrawal)

I would invest 0.01BTC  just to see if promised rate (till 200%) will be give to me, but platform seem really unsafe.

Any suggestion about?
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