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Topic: [WTS] Bad Debt (Read 3080 times)

donator
Activity: 1218
Merit: 1015
July 12, 2012, 01:37:29 PM
#21
Request debt price reduced.
hero member
Activity: 658
Merit: 500
July 11, 2012, 09:59:38 AM
#20
Let me get this straight for myself, if I were to be an investigator, I could buy the claim and go after the scammer for the funds, even up to taking them to court or what ever possible means to receive the fund/goods?

And if this is correct, I understand how debt is sold now. I have been wondering how dept was being sold.
Debt is being sold without much legal precedent. I mean, if the court's willing to accept forum PMs as the basis of an enforceable loan - then yeah, it's possible, but more likely, it will need to be settled individual-to-individual with the lendee. That could involve a range of options, with better options existing if you're physically near the lendee, which is why I think it's important to include location and as much dox'ing as available.

legally a verbal contract is just as binding as a written one. It's just harder to prove that it exists.

If you took them to court and got a (default) judgement, how are you going to collect bitcoins. you can't garnish or levy against them. You'd have to come up with a fiat value. You should add something to the terms of the loan that should there be a default the fiat value is the highest price on gox within the terms of the loan price or something.
hero member
Activity: 770
Merit: 502
July 10, 2012, 08:53:32 PM
#19
Let me get this straight for myself, if I were to be an investigator, I could buy the claim and go after the scammer for the funds, even up to taking them to court or what ever possible means to receive the fund/goods?

And if this is correct, I understand how debt is sold now. I have been wondering how dept was being sold.
Debt is being sold without much legal precedent. I mean, if the court's willing to accept forum PMs as the basis of an enforceable loan - then yeah, it's possible, but more likely, it will need to be settled individual-to-individual with the lendee. That could involve a range of options, with better options existing if you're physically near the lendee, which is why I think it's important to include location and as much dox'ing as available.

Oic.
donator
Activity: 1218
Merit: 1015
July 10, 2012, 08:14:57 PM
#18
Let me get this straight for myself, if I were to be an investigator, I could buy the claim and go after the scammer for the funds, even up to taking them to court or what ever possible means to receive the fund/goods?

And if this is correct, I understand how debt is sold now. I have been wondering how dept was being sold.
Debt is being sold without much legal precedent. I mean, if the court's willing to accept forum PMs as the basis of an enforceable loan - then yeah, it's possible, but more likely, it will need to be settled individual-to-individual with the lendee. That could involve a range of options, with better options existing if you're physically near the lendee, which is why I think it's important to include location and as much dox'ing as available.
hero member
Activity: 770
Merit: 502
July 10, 2012, 01:35:23 AM
#17
Let me get this straight for myself, if I were to be an investigator, I could buy the claim and go after the scammer for the funds, even up to taking them to court or what ever possible means to receive the fund/goods?

And if this is correct, I understand how debt is sold now. I have been wondering how dept was being sold.
legendary
Activity: 2618
Merit: 1007
July 10, 2012, 01:04:53 AM
#16
1. Get loan
2. Disappear
3. Create sock puppet
4. Buy bad debt
? ? ?
PROFIT!

Cool
donator
Activity: 1218
Merit: 1015
July 09, 2012, 06:22:18 PM
#15
Price reduced on Request debt.
donator
Activity: 1218
Merit: 1015
July 01, 2012, 03:14:57 PM
#14
New bad loan posted. PM with whatever else you may wish to know.

Cheers!
legendary
Activity: 924
Merit: 1000
Think. Positive. Thoughts.
April 10, 2012, 05:35:06 PM
#13
TYVM!
hero member
Activity: 574
Merit: 500
April 10, 2012, 05:20:31 PM
#12
Teek purchased and now controls the ฿1784.38 debt owed by shakaru.


Uh :-) Yay for profits.
donator
Activity: 1218
Merit: 1015
April 10, 2012, 05:19:24 PM
#11
All debt has been sold.

Teek purchased and now controls the ฿1784.38 debt owed by shakaru.
Eroxors purchased and now controls both the ฿16.01 owed by SirChiko, and the ฿67.50 owed by DoubleIcaras


Thanks, all.  Smiley
donator
Activity: 1218
Merit: 1015
April 07, 2012, 10:42:14 PM
#10
OP updated. Prices reduced and added Shak debt I just purchased for 100BTC (yes, I'm selling it for 2x the price I paid something like 30 minutes prior to this post). Given the debt is "unionized," I can't (without pissing off people I do business with) settle for less on the debt with shak without receiving a reduced payout every time a payment's made to the "SDM dispersal fund." This also prevents me from allowing sale of the debt to Shak for the price I'm asking, though it still an option for DI & SirC.


Cheers!
legendary
Activity: 924
Merit: 1000
Think. Positive. Thoughts.
March 19, 2012, 02:34:00 PM
#9
Kind of a sad thread. Good luck to you Kluge.
donator
Activity: 1218
Merit: 1015
March 19, 2012, 02:00:03 AM
#8
P.S.

If you are a debtor mentioned in the OP, know I'll be willing to settle with you for the ask price in the OP. After I sell the debt, the collector will likely seek the full amount due.

(SirChiko, I'm looking at you!)  Wink  Smiley
donator
Activity: 1218
Merit: 1015
March 18, 2012, 07:49:46 PM
#7
from lending section, you can see them confirming and accepting the loan terms and receiving the btc
Chiko's was done through PMs, fwiw. Conversation's effectively:
SC: I want 15BTC
Me: Alright. What'll you be using it for, "Tor?"
SC: Lol, yeah.
Me: That's fine. Here're the terms...
SC: Sounds good. Repay address?
...


I'll take screenshots if someone buys it, but that's hardly irrefutable. I don't see any options other than trying to convince the defaulter to pay what's owed. From the PMs, he seems fairly reasonable... Seemed a bit nervous, which is now more understandable.
hero member
Activity: 602
Merit: 502
March 18, 2012, 07:06:50 PM
#6
from lending section, you can see them confirming and accepting the loan terms and receiving the btc
hero member
Activity: 504
Merit: 500
March 18, 2012, 07:00:14 PM
#5
I think these types of threads are interesting...but how do we know they really owe you that money?
donator
Activity: 1218
Merit: 1015
March 18, 2012, 05:14:55 PM
#4
How would this work? I mean how do they know they now owe me, how do they know I'm not a scammer?
It'll be marked in this thread, which you can point them to, and I'll alert them to it as well. That's about as much authority as I have to collect the debt.

If one of the debtors were to suddenly pay me back, I'd transfer all funds collected to the current debt-holder.
legendary
Activity: 1316
Merit: 1011
March 18, 2012, 05:11:10 PM
#3
How would this work? I mean how do they know they now owe me, how do they know I'm not a scammer?
hero member
Activity: 504
Merit: 500
March 15, 2012, 08:12:18 PM
#2
sigh...brings back great memories...at one point in my life I used to collect debt...from deadbeats...eventually...for some reason I started to feel guilty more and more until your collection methods were not as effective as they used to be.
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