Bitcoin Forum

A loan is considered as defaulted, if payment is overdue for 24 hours. For each day late, I charge 1% extra fee. If loan repayment is five days overdue without any message from the loanee, I usually go ahead to liquidate the collateral.

In order to secure any future loans, I suggest that you use an escrow in holding the collateral since you are sfill a newbie around here and has not yet have any established reputation.

Thanks for this information. If the loanee wishes then I will call an escrow from the list in this thread https://bitcointalk.org/index.php?topic=855778.0

What is the repayment rates you suggest after offering your loans ?
Or may be you will allow the borrowers to choice the repayment they can afford for their loans ?

I think he's offering his loan without interest

I don't think this is interest free because of the "repayment amount" in the OP.
Probably repayment rates are up to borrowers, as you can see in most of loan requests.

In my opinion, interest has to be acceptable enough for lenders but not too much because it can lead to default/scam.

I have no fixed interest.
Borrowers could choose themself which interest they want to pay.
I'll decide if the repayment amount is acceptable.

Loan Amount: 0.045 BTC
Reason for Taking out a Loan: For the purchase of a good that is on sale for only a day near me.
Amount to be repaid: 0.05 if it takes me 1-2 weeks, 0.055 if it takes me 3 weeks.
Repayment Date: 1-3 weeks
Type of Collateral: My bitcointalk alt, Full Member.
Bitcoin Address: 149aDVsUUfbBx5qHGrpnqGKVHGGo4tSDRt

If I already have recieved the loan, I will chuck the loan back to the sender's address.

No need for this loan anymore. Already funded. Thanks anyway.

New loans are available! I have got a budget of 0.9 BTC in total. Feel free to apply with a valid collateral.

Requested Amount: 0.04
Date repayment is to be made: 26 dec or shortly
Repayment Amount: 0.045
Collateral: bitcointalk account FM rank
BTC address to fund: 1GbNAakEZM8gdvSS4yjtZmT249SxVXfRh7 

Be careful, it seems that this guy tried to sell his account. Source: https://bitcointalk.org/index.php?topic=1298987.msg13321787#msg13321787 (Despite he closed the thread, it seems it was this account he was trying to sell)
If you lend to this guy, consider that you have bought his account.

correct
i'd plan for sell the account but i think i need, so i dont sell the account , why ? any problem ?
so why the hell should careful, it is againts the rule ?

Trying to sell at first an account, cancel the thread and then ask for a loan is clearly suspicious and can be seen as an disguise account selling by defaulting the loan. Disguise account selling is not forbidden but I think this is a fraudulent way to scam someone.
Potential lender can lose their money so it is an information they had to know.

I dont really agree with you mate, see if the collateral is worth the amount he is asking for loan, then should not matter at all :) , Yes if the collateral is not what the lender can sell and recover the amount, then its fine. Anyways just my personal opinion maybe be wrong :)