ZoomZoom loaning BTC, collateral not required, full members+

zoomzoom

full member

Activity: 350

Merit: 125

Quote from: Thaibtc on November 17, 2017, 05:24:44 AM

Hi sir

I want borrow

Loan Amount: 0.025BTC
Reason for Taking out a Loan: -
Amount to be repaid: 0.03BTC
Repayment Date: 10days
Type of Collateral: [Not Sure Can use my account?]
Bitcoin Address: 1PxHjv2cBjrxVpERifrPipGTCk7hcxCHZK

Thank you

Please fill in the correct form, this is not a great start.

Thaibtc

member

Activity: 98

Merit: 10

Hi sir

I want borrow

Loan Amount: 0.025BTC
Reason for Taking out a Loan: -
Amount to be repaid: 0.03BTC
Repayment Date: 10days
Type of Collateral: [Not Sure Can use my account?]
Bitcoin Address: 1PxHjv2cBjrxVpERifrPipGTCk7hcxCHZK

Thank you

zoomzoom

full member

Activity: 350

Merit: 125

Quote from: Newchanka on November 16, 2017, 06:19:24 AM

Quote from: zoomzoom on November 14, 2017, 04:40:00 AM

Am looking to do small loans. Must be at least full member+, people will be accepted or rejected entirely by my own reasoning, that may not be posted here. Minimum 0.05, maximum 0.09.
5% interest.
additional 5% interest per week (based on time of transaction).

I accept collateral, in LTC and ETH.

Requirements:
No negative feedback.
Full member+
Must do a live video message on skype or platform of your choosing, where you must show a photo id (passport etc..) next to your face.
A HQ scan of both passport or other approved photo id, and a proof of address (bill from the last 3 months for example). The files will be stored in encryption and upon completion will be fully deleted using secure deletion software.

Please post:
BTC addr:
Proof of id method (skype etc..):
Country of residence:

What's the essence of the collateral you're demanding for if the people still need to do all those paperwork? I think the essence of collateral should be to ensure your funds are recovered in case of a default. You are practically demanding the borrowers risk more than is reasonable just because they need a loan. I don't think any sane person will accept that unless out of desperation.

It's collateral OR the id.

Newchanka

member

Activity: 291

Merit: 19

If there's something to be written...

Quote from: zoomzoom on November 14, 2017, 04:40:00 AM

Am looking to do small loans. Must be at least full member+, people will be accepted or rejected entirely by my own reasoning, that may not be posted here. Minimum 0.05, maximum 0.09.
5% interest.
additional 5% interest per week (based on time of transaction).

I accept collateral, in LTC and ETH.

Requirements:
No negative feedback.
Full member+
Must do a live video message on skype or platform of your choosing, where you must show a photo id (passport etc..) next to your face.
A HQ scan of both passport or other approved photo id, and a proof of address (bill from the last 3 months for example). The files will be stored in encryption and upon completion will be fully deleted using secure deletion software.

Please post:
BTC addr:
Proof of id method (skype etc..):
Country of residence:

What's the essence of the collateral you're demanding for if the people still need to do all those paperwork? I think the essence of collateral should be to ensure your funds are recovered in case of a default. You are practically demanding the borrowers risk more than is reasonable just because they need a loan. I don't think any sane person will accept that unless out of desperation.

zoomzoom

full member

Activity: 350

Merit: 125

Quote from: LoyceV on November 14, 2017, 08:29:57 AM

Let me pick out a few quotes:

Quote from: zoomzoom on November 14, 2017, 08:10:35 AM

but I am not a scammer

This statement doesn't add any credibility, as any scammer would say the same.

Quote

I just have to ensure I can get funds back if all else fails.

How exactly are you going to do that? Suppose I send you a copy of my documents (which I'm not going to do), and suppose I'll video chat with you (which I'm not going to do either), and suppose I don't pay back my loan (which I'm not going to do, as I'm not going to take a loan to begin with). But, for the sake of argument, how are you going to get your money back? Are you going to travel to the Netherlands and knock on my door? Go to the police? Sue me? None of these options will get you your money without costing you much more than $400, so it's a false sense of security. On the other hand, it's a real risk for the person who shares those documents.

Quote

if people think this is a bad idea then maybe there should be a rule against this.. I don't want people to get the wrong idea, I just wanted to make a bit of money and help people out.

It's not against any of the rules, but it's heavily frowned upon.

These are all obvious things you are saying. No I'm not going to give loans out to people, I, or my associates can't easily get to, that seems fairly obvious for any loan operation. What more needs to be said really? What do you want from me? Me to desist? I don't see why I should when I know my intent. I find the way you a breaking things down a little bit patronising if I'm gonna be blunt, like I'm well aware you aren't going to be taking a loan with me?

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Let me pick out a few quotes:

Quote from: zoomzoom on November 14, 2017, 08:10:35 AM

but I am not a scammer

This statement doesn't add any credibility, as any scammer would say the same.

Quote

I just have to ensure I can get funds back if all else fails.

How exactly are you going to do that? Suppose I send you a copy of my documents (which I'm not going to do), and suppose I'll video chat with you (which I'm not going to do either), and suppose I don't pay back my loan (which I'm not going to do, as I'm not going to take a loan to begin with). But, for the sake of argument, how are you going to get your money back? Are you going to travel to the Netherlands and knock on my door? Go to the police? Sue me? None of these options will get you your money without costing you much more than $400, so it's a false sense of security. On the other hand, it's a real risk for the person who shares those documents.

Quote

if people think this is a bad idea then maybe there should be a rule against this.. I don't want people to get the wrong idea, I just wanted to make a bit of money and help people out.

It's not against any of the rules, but it's heavily frowned upon.

zoomzoom

full member

Activity: 350

Merit: 125

Quote from: LoyceV on November 14, 2017, 07:37:16 AM

Quote from: condoras on November 14, 2017, 07:30:09 AM

You need/required full paperwork verification but you don't say a single thing about you. How shady is this already?
Except Loan scammers/defaulters, there are and other kinds. Collateral or Phising scammers /fraudsters, like you.
You are one of them, dont you? Wink

I'm not sure if he's the one who's going to commit identity fraud, or that he's the one who'll be robbed by someone who already stole someone's identity and is now going to use the same video and documents again.

Let's make this a nice big red warning: DO NOT send all your complete ID to a random stranger on the internet!

And even if he's legit, and someone runs off with his $400, how is he ever going to chase them down on the other side of the planet?

Well I can actually answer all these questions.
Firstly the video, I'm not going to accept just a video? No It's going to be a video chat, where I can verify they are actually the person I'm talking to.
Secondly, this is a persons own choosing, it is certainly a bad idea in general, but I am not a scammer, I just have to ensure I can get funds back if all else fails.
And to your last point, this is why I ask for their country of residence, and then will base my response on that.
I have actually built up some trust in this community, even in some tricky situations, so people can take from that what they will.

EDIT:
if people think this is a bad idea then maybe there should be a rule against this.. I don't want people to get the wrong idea, I just wanted to make a bit of money and help people out.

condoras

legendary

Activity: 3038

Merit: 1104

This is what I do. I drink and I know things.

Quote from: LoyceV on November 14, 2017, 07:37:16 AM

Quote from: condoras on November 14, 2017, 07:30:09 AM

You need/required full paperwork verification but you don't say a single thing about you. How shady is this already?
Except Loan scammers/defaulters, there are and other kinds. Collateral or Phising scammers /fraudsters, like you.
You are one of them, dont you? Wink

I'm not sure if he's the one who's going to commit identity fraud, or that he's the one who'll be robbed by someone who already stole someone's identity and is now going to use the same video and documents again.

Let's make this a nice big red warning: DO NOT send all your complete ID to a random stranger on the internet!

And even if he's legit, and someone runs off with his $400, how is he ever going to chase them down on the other side of the planet?

Of course it's a big (and red) warning for all but it's also and a red flag. At least for me.
Because it doesn't matter if someone "loose" 400$ from a Loan Default. He can easily take a 1k-2k$ RL Loan, providing the Collateral paperwork/documents.
Making a fraud based on documents that he will have, can make him a lot more than 400$...

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: condoras on November 14, 2017, 07:30:09 AM

You need/required full paperwork verification but you don't say a single thing about you. How shady is this already?
Except Loan scammers/defaulters, there are and other kinds. Collateral or Phising scammers /fraudsters, like you.
You are one of them, dont you? Wink

I'm not sure if he's the one who's going to commit identity fraud, or that he's the one who'll be robbed by someone who already stole someone's identity and is now going to use the same video and documents again.

Let's make this a nice big red warning: DO NOT send your complete ID to a random stranger on the internet!

And even if he's legit, and someone runs off with his $400, how is he ever going to chase them down on the other side of the planet?

condoras

legendary

Activity: 3038

Merit: 1104

This is what I do. I drink and I know things.

Quote from: zoomzoom on November 14, 2017, 04:40:00 AM

Am looking to do small loans. Must be at least full member+, people will be accepted or rejected entirely by my own reasoning, that may not be posted here. Minimum 0.05, maximum 0.09.
5% interest.
additional 5% interest per week (based on time of transaction).

I accept collateral, in LTC and ETH.

Requirements:
No negative feedback.
Full member+
Must do a live video message on skype or platform of your choosing, where you must show a photo id (passport etc..) next to your face.
A HQ scan of both passport or other approved photo id, and a proof of address (bill from the last 3 months for example). The files will be stored in encryption and upon completion will be fully deleted using secure deletion software.

Please post:
BTC addr:
Proof of id method (skype etc..):
Country of residence:

You need/required full paperwork verification but you don't say a single thing about you. How shady is this already?
Except Loan scammers/defaulters, there are and other kinds. Collateral or Phising scammers /fraudsters, like you.
You are one of them, dont you? Wink

zoomzoom

full member

Activity: 350

Merit: 125

Am looking to do small loans. Must be at least full member+, people will be accepted or rejected entirely by my own reasoning, that may not be posted here. Minimum 0.05, maximum 0.09.
5% interest.
additional 5% interest per week (based on time of transaction).

I accept collateral, in LTC and ETH.

Requirements:
No negative feedback.
Full member+
Must do a live video message on skype or platform of your choosing, where you must show a photo id (passport etc..) next to your face.
A HQ scan of both passport or other approved photo id, and a proof of address (bill from the last 3 months for example). The files will be stored in encryption and upon completion will be fully deleted using secure deletion software.

Please post:
BTC addr:
Proof of id method (skype etc..):
Country of residence:

Topic: ZoomZoom loaning BTC, collateral not required, full members+ (Read 511 times)