What type of collateral accepted here

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: heshamfx on June 20, 2019, 11:00:15 AM

Hello

what type of collateral accepted here. I post a request for loan without collateral because I don't have the full amount of the collateral which is 120% of the amount of the loan.

I am asking is there any other accpeted thing to be as collateral instated of only deposit

Thanks

The fact that you can't get a loan outside crypto world (as you mentioned in your previous thread), then it's way more difficult to loan here without valid collateral. This is not a kids game where asking money is just easy as 1,2,3.

"ASSURANCE" is not a valid collateral.

Let's say I will buy your story on that thread of yours, find physical collateral instead to take a loan. It's way more convenient and less hassle. Seek assistance from your local government units, popular individual lenders, lending company or your last resort will be loaning to a bank since you can place a physical good as collateral although you will face big interest. You have no choice because what matter here is, you really need it.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: heshamfx on June 20, 2019, 11:00:15 AM

Hello

what type of collateral accepted here. I post a request for loan without collateral because I don't have the full amount of the collateral which is 120% of the amount of the loan.

I am asking is there any other accpeted thing to be as collateral instated of only deposit

Thanks

If you can't provide 120%+ of the loan amount in a valid collateral then you simply won't get a loan as a newbie.

Valid collaterals are things that can be 100% secured and sold by the lender without much hassle, such as altcoins, goods and precious metals.

Your identity, your word, your promises are not valid collateral, neither is a simple contract that isn't backed by readily secured and liquidated assets.

Avirunes

legendary

Activity: 3094

Merit: 1472

Read this post from Vod here about valid collaterals: https://bitcointalksearch.org/topic/m.6311902

heshamfx

newbie

Activity: 25

Merit: 0

Hello

what type of collateral accepted here. I post a request for loan without collateral because I don't have the full amount of the collateral which is 120% of the amount of the loan.

I am asking is there any other accpeted thing to be as collateral instated of only deposit

Thanks

Topic: What type of collateral accepted here (Read 194 times)