Bitcoin Forum

Economy => Lending => Topic started by: Felarivera on March 20, 2018, 10:23:06 AM



Title: LOANS 100% APPROVAL COME AND APPLY
Post by: Felarivera on March 20, 2018, 10:23:06 AM
Hello,
I'm providing loans up to €/£/$100!
Via -> PayPal, Cryptocoins (BTC, ETH, BCH, ETC), Gift Cards, etc (upon request)

NO COLLATERAL NO LOAN
"Do I send collateral first? How do I trust a newbie like you?"
I accept escrow. If fees are applicable, you must cover all fees.
And I believe that is a legit way to prove how legit I am.

I accept everyone's loan request a.k.a 100% approval with a valid and acceptable collateral, for any reason. (If I deem the collateral invalid, I will reject it.)

Please also note: I do not accept escrow If your form of collateral is GIFT CARD, or other which I deem risky. If you pick these ways, I will use the card and refund the same amount of card upon loan payment.

I will also check other methods which I deem too risky for me.
So please ask me beforehand.

Copy paste form of requesting:
Quote
My bitcoin username is: [Enter here]
My purpose to loan this is to:
I need this much of amount: $/£/€
I need it in a form of: [Ex:PayPal]
My collateral is:
How long am I going to repay you:
How much will I pay you back:
Thank you Felarivera!  

Thank you very much!


Title: Re: LOANS 100% APPROVAL COME AND APPLY
Post by: michkima on March 20, 2018, 10:31:13 AM
So in short you are asking 10% as interest already + interest you are charging based on the duration of the loan. Seriously 10% of whatever as payment for escrow service is stupid and what's worse is that the 10% doesn't really go to the escrow but to you, for god knows what reason. You better rethink that part of your loan service.


Title: Re: LOANS 100% APPROVAL COME AND APPLY
Post by: Blue Tyrant on March 20, 2018, 11:02:35 AM
Wait so we need to pay you a 10% fees for the collateral escrow (which anyone sensible person will use since sending collateral to a newbie is absolute madness from a financial perspective), AND the interest on top of it. Well I'm not even mentioning the fact that you're pretty much getting a major chunk of the interest amount right as soon as you take a loan.

And your maximum limit varies on the currency?

Quote
I'm providing loans up to €/£/$100!

So basically if I want a $120 loan I need to say I want a 100 EUR loan, that's pretty awkward but that's just me I guess. So let's sum it up, if you take a USD max loan of $100 then:

  • 10$ straight off goes to your pockets
  • Interest, whatever that amount is, I highly doubt it's less 0.1-1% that many others offer here
  • Escrow fees, given that the average escrow fees I have seen is 1-2% with a 100k sats minimum then you're gonna be spending another 10$ or so on this one



tl;dr not worth it