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Title: is my account activity too shitty to start offering loans? Post by: yahoo62278 on December 18, 2014, 08:26:15 AM i was thinking of starting to offer micro loans to gain me a little interest and to help others out in need here and there. the question is is my rep/account too new to do this?
Title: Re: is my account activity too shitty to start offering loans? Post by: Magic8Ball on December 18, 2014, 08:28:09 AM Anybody can give out loans. For accounts with not enough trust it is recommended to use escrow to hold collateral.
Title: Re: is my account activity too shitty to start offering loans? Post by: yahoo62278 on December 18, 2014, 08:29:20 AM being as its micro loans theres not much colaterral to ask for though correct?
Title: Re: is my account activity too shitty to start offering loans? Post by: Magic8Ball on December 18, 2014, 09:05:13 AM being as its micro loans theres not much colaterral to ask for though correct? You will still get ripped off for micro loans if you are not careful. Asking for collaterals is your decision. If you are offering collateral free loans, you are taking the risk so there is no reason for anybody to not seek the loan from you. Title: Re: is my account activity too shitty to start offering loans? Post by: ligeros on December 19, 2014, 11:11:16 AM for me your activity and trust seem to be ok
just use well known escrow to hold collateral (not yourself) and be careful Title: Re: is my account activity too shitty to start offering loans? Post by: meghan on December 21, 2014, 05:21:31 AM I may start one soon , But noaccount is shittywhen you are on the loosing side.
Title: Re: is my account activity too shitty to start offering loans? Post by: puzzel.me on December 21, 2014, 07:50:57 AM Anybody can loan on this forum. I have even seen newbies doing this.
Although please escrow for collaterals. Title: Re: is my account activity too shitty to start offering loans? Post by: damiano on December 21, 2014, 08:59:20 PM being as its micro loans theres not much colaterral to ask for though correct? You will still get ripped off for micro loans if you are not careful. Asking for collaterals is your decision. If you are offering collateral free loans, you are taking the risk so there is no reason for anybody to not seek the loan from you. OP needs to keep in mind that accounts with green trust are also for sale and could be used in here without anyone really knowing that. I would only do collateral and escrow at this point Title: Re: is my account activity too shitty to start offering loans? Post by: yahoo62278 on December 21, 2014, 10:44:18 PM being as its micro loans theres not much colaterral to ask for though correct? You will still get ripped off for micro loans if you are not careful. Asking for collaterals is your decision. If you are offering collateral free loans, you are taking the risk so there is no reason for anybody to not seek the loan from you. OP needs to keep in mind that accounts with green trust are also for sale and could be used in here without anyone really knowing that. I would only do collateral and escrow at this point yea thx for the advice. i noticed a few other threads mentioning high ranked acct were sold Title: Re: is my account activity too shitty to start offering loans? Post by: syahrere on December 22, 2014, 05:20:59 AM being as its micro loans theres not much colaterral to ask for though correct? You will still get ripped off for micro loans if you are not careful. Asking for collaterals is your decision. If you are offering collateral free loans, you are taking the risk so there is no reason for anybody to not seek the loan from you. OP needs to keep in mind that accounts with green trust are also for sale and could be used in here without anyone really knowing that. I would only do collateral and escrow at this point yea thx for the advice. i noticed a few other threads mentioning high ranked acct were sold Title: Re: is my account activity too shitty to start offering loans? Post by: KingOfSports on December 22, 2014, 05:44:55 AM If someone says you are too new to hold their collateral just have an escrow hold onto it for the duration of the loan. Anyone can be a lender.
Title: Re: is my account activity too shitty to start offering loans? Post by: yahoo62278 on December 22, 2014, 08:03:18 AM If someone says you are too new to hold their collateral just have an escrow hold onto it for the duration of the loan. Anyone can be a lender. noone has personally told me im too new to loan or anything. i just saw a guy get neg repped bigtime who was fairly new. i just didnt want same shit happening to me since i have not done 1 bad deal |