I hope its alright to post it here and pardon my ignorance.
My question is if someone wanted a loan and he used his BCTalk account as collateral, will the loan shark (for lack of better term, wait I got it, Creditor!) hold on to the account? I mean will the Debtor (account owner), give the login details and allow the Creditor to change the account login details?
How will the Creditor appraise the account? Via
bctalkaccountpricer?
Thanks!
It depends on both parties agreement terms, the borrower may ask for an escrow to hold their account or they can give directly the login details to the lender.
Account's worth and value are based on lender's preferences and own view. The stats shown at the website you mentioned is just for reference purposes but can't be a consider as a basis of one's account post quality.
Will the escrow/creditor change the login details?
I forgot. Yes they will change it obviously if the borrower decided to give the account to the lender.