Thinking of offering loans... Anyone have suggestions? - page 2.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: bitcoin_bagholder on February 16, 2015, 06:33:57 PM

Collateral. Trusted escrow holding the collateral. Peace of mind for you and your borrowers.

On a side note, the OP's password was reset recently.

I guess that happens when you are inactive for ~20 months.

bitcoin_bagholder

sr. member

Activity: 336

Merit: 250

Collateral. Trusted escrow holding the collateral. Peace of mind for you and your borrowers.

On a side note, the OP's password was reset recently.

Quickseller

copper member

Activity: 2996

Merit: 2374

I would suggest lending only with collateral until you have enough experience to confidently say if someone borrowing without collateral is likely to repay or not. Lending money without collateral is very risky and most people do not intend to repay their loans.

There seem to be very few opportunities to lend with collateral unfortunately

btcminer021

member

Activity: 98

Merit: 10

Mine hard!

Quote from: Glucose on February 16, 2015, 05:00:10 PM

Quote from: btcminer021 on February 16, 2015, 04:22:40 PM

I'm interested in offering loans, more as a social experiment than investment. I'm curious if anyone who has *successfully* lent coins (and been paid back) cares to share his/her method with the forum. Much appreciated.

1. Read the threads written by mods about lending activity.
2. Don't loan to newbie
3. Watch reputation and last post of people asking for loan
4. If password has been reset recently, ask for a signed message (account has maybe been hacked)
5. If you want to guarantee your loans, ask for a collateral you will be able to resell

Good luck. Full of scammers here

I read all the stickies. Still amazed with all the scams for so little. Shows you how difficult it must be living in other parts of the world. Or simply how greedy humans are...

Glucose

hero member

Activity: 861

Merit: 1001

Quote from: btcminer021 on February 16, 2015, 04:22:40 PM

I'm interested in offering loans, more as a social experiment than investment. I'm curious if anyone who has *successfully* lent coins (and been paid back) cares to share his/her method with the forum. Much appreciated.

1. Read the threads written by mods about lending activity.
2. Don't loan to newbie
3. Watch reputation and last post of people asking for loan
4. If password has been reset recently, ask for a signed message (account has maybe been hacked)
5. If you want to guarantee your loans, ask for a collateral you will be able to resell

Good luck. Full of scammers here

btcminer021

member

Activity: 98

Merit: 10

Mine hard!

I'm interested in offering loans, more as a social experiment than investment. I'm curious if anyone who has *successfully* lent coins (and been paid back) cares to share his/her method with the forum. Much appreciated.

Topic: Thinking of offering loans... Anyone have suggestions? - page 2. (Read 2557 times)