I am receiving a 6 Bitcoin loan from TradeFortress.
How is interest charged?
Interest is charged 7 days after the loan is issued, on your outstanding balance.
If you have a silver account, the rate is charged when the loan is issued too.
If you pay back all the coins before 7 days, you'll pay no interest assuming you have a gold or platinum account.
The more coins you pay, the less interest you'll have to pay.
Min repayment & late fees?
You must pay the minimum repayment each week (defined as periods of 7 days after the loan is issued).
You get a 24 hour grace period after it is due, where no late fees will apply.
If you still don't pay at least the min repayment, you pay 0.1 BTC + 5% of your outstanding balance as late fees for that week.
If you ever are late three times, and we haven't worked something out before, time to post your info on Scammer Accusations.
I'm interested
Cool! Send me a PM with how much coins you want, why you want it, and your current debt if any. I'll contact you with my email address so you can send verification info.
2.1348%
Effective weekly rate
0.86
Min weekly repayment
My bitcoin address is 18AhTt9bYcNdZYvxLiugjiF3oMHYr1SwzF
