Urgently seeking $250 loan - offering domains valued at ~$5k as collateral

erc20dev

newbie

Activity: 57

Merit: 0

I'm sorry for the misunderstanding. I was basing my thinking on this...

Quote from: Vod on April 20, 2014, 02:03:16 PM

- Some digital wares such as domain names can be considered as long as the user cannot recover it.

and this...

Quote from: EcuaMobi on February 19, 2018, 04:49:52 PM

TLDR; Domains can be used as collateral if

there's no suspicion of copyright infringement,
the current and all previous ownership can be proved (especially if the domain is very valuable)
and, a very low valuation is used, one that allows an easy, immediate sale

These led me to believe that domains could be used as collateral at the discretion of the lender.

I hope you can see where my confusion arose.

Request for loan removed.

ThatRandom8543

sr. member

Activity: 1344

Merit: 307

Quote from: erc20dev on October 16, 2018, 02:45:58 PM

Hi

I'm urgently looking for a loan of $250, preferably paid in USD for speed, but BTC or ETH will work. I will repay in either USD, BTC, BCH, ETH or LTC on November 14th with 10% fixed interest.

The reason is I need to replace the broken suspension on my car. We live 16 miles from the nearest supermarket with little public transport so having the car is a necessity. I had originally applied for a larger loan with one of the lenders on here but, based on the cost of acquisition of the collateral, he didn't think I had enough incentive to repay.

The collateral on offer here is six domains with total GoDaddy valuations of $4,965 - about 5% loan to collateral.

I know domains can be hard to move but two are sources of income right now, one is being built up for my wife's business, and one is for a startup business that I'm working on which has a potential investor, so I'm definitely motivated to repay.

Can anyone help, please?

Thanks in advance.

No [valid] collateral no loan. Websites, domains, etc., arent considered as valid collateral. If you need the money ask for a venture debt from your investor. This isnt the place to be asking for a loan with useless domains.

erc20dev

newbie

Activity: 57

Merit: 0

Hi

I'm urgently looking for a loan of $250, preferably paid in USD for speed, but BTC or ETH will work. I will repay in either USD, BTC, BCH, ETH or LTC on November 14th with 10% fixed interest.

The reason is I need to replace the broken suspension on my car. We live 16 miles from the nearest supermarket with little public transport so having the car is a necessity. I had originally applied for a larger loan with one of the lenders on here but, based on the cost of acquisition of the collateral, he didn't think I had enough incentive to repay.

The collateral on offer here is six domains with total GoDaddy valuations of $4,965 - about 5% loan to collateral.

I know domains can be hard to move but two are sources of income right now, one is being built up for my wife's business, and one is for a startup business that I'm working on which has a potential investor, so I'm definitely motivated to repay.

Can anyone help, please?

Thanks in advance.

Topic: Urgently seeking $250 loan - offering domains valued at ~$5k as collateral (Read 171 times)