Collateral must have at least 120% worth of your loan amount.
This forum has no collateral = no loan rule, especially to brand new Member.
Your promises means nothing to lender's eye, also Paypal can't be used as collateral because it can easily be charged back by contacting Paypal Customer Support.
Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.
- The best collateral is another crypto-currency, such as Ethereum (also written as ETH). Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan. Try localbitcoins.com
If you don't have any collateral I'd suggest to lock the topic instead