Does a car qualify as collateral?
Hello all,
I am very new on lending service and I have not created any topic before.
My Budget: 10 BTC
Note: I may increase or decrease my budget.
Terms:
-You must have valid collateral. Only, altcoin is valid collateral to me. I will not take bitcointalk account as collateral anymore as it is forbidden by few reputed forum member as well as DT.
-If you are Sr. member or above and you have no active loan as well as no negative trust then I may consider without collateral.
-As I will not take account as collateral, you have to agree that once you take a loan from me, you will not take/apply for any other loan from anyone until you repay the loan. Also before the repayment, you would not be able to trade any reversible payment. I mean you can't sell skrill, Neteller, Payoneer, PayPal etc. If you break any rule then it will be marked as loan defaulter and I will ask DT to tag you.
-I can accept or reject any loan application without any explanation.
-If you want to use escrow I have no problem. But escrow fee is yours if required fees.
-When I will fill loan application, I will give neutral trust once repaid will remove neutral trust.
-If collateral goes below terms amount, I will sell collateral to stop loss. You have to check either your collateral falls or not, I am not responsible to inform you or wait more time to be more loser.
-If you fail to repay on time then 1% charge/ as discussed (for extension) will be applicable.
-For non collateral loan or loan with bitcointalk account as collateral, if you need to extension then you have to pay previous interest and take extension time (charge applicable 1% charge/ as discussed).
-Once you take loan from me you have to pay full interest even you return that in few minutes latter. Same rule will be applied for loan extension.
Application method:
Code:
Loan Amount:
Loan Purpose:
Loan Repay Amount:
Loan Repay Date:
Type of Collateral:
Escrow profile Link:
Bitcoin Address:
