Buying account with defaulted loan

[etherum25]

Hi,
purely theoretically, what will happen if you buy an account with a loan or with a defaulted loan?
You have to pay the loan? Or you can have a problem with police? Or your account will be banned?

Thank you for your replies!

[1715557942]

1715557942

[1715557942]

1715557942

[Jet Cash]

Why would you want to pay money for an account with a bad history?

[hilariousetc]

Hi,
purely theoretically, what will happen if you buy an account with a loan or with a defaulted loan?
You have to pay the loan? Or you can have a problem with police? Or your account will be banned?

Thank you for your replies!

The account has taken out a loan that hasn't been paid back or the account was used as collateral for a loan that was defaulted on? the truth is nothing will probably happen, though if the account has not paid back a loan it will almost certainly have negative feedback. Police would only get involved if someone reported it but doubt that is going to happen.

[TheUltraElite]

purely theoretically, what will happen if you buy an account with a loan or with a defaulted loan?

First I would like to warn you that buying an account is discouraged. You are buying the rank which was supposed to be earned by the member. More importantly you are also buying the trust that the account has gained - which can lead to the buyer scamming others.

If the account has a defaulted loan then it needs to be paid back or settled with the lender - in order to get negative trust ratings removed.

You have to pay the loan?

Like I said, yes.

Or you can have a problem with police?

I am not sure if authorities are going to get involved but if locally crypto is well accepted then possibly yes if the lender has sued the borrower in case they have personal indetification details. More over in such case the new owner may want to repay the loan - which is going to end up in a messy situation because the original owner has run away.

Or your account will be banned?

No.

[etherum25]

So bad, I hope that loan is connected with a person not with an account

[The Sceptical Chymist]

I am not sure if authorities are going to get involved

I have yet to see authorities involved in anything less than a case involving millions of dollars.  Mt. Gox and Trendon Shavers are the only two cases that come to mind, and probably Cryptsy too.  I seriously doubt any police action is going to happen due to a loan default on bitcointalk.  I don't even think Master-P got prosecuted for his scam of thousands of dollars worth of bitcoin.

So no, nothing will likely happen if you somehow get your hands on an account that's defaulted on a loan.  The account WILL get tagged if it's discovered that it's been sold, but the new owner isn't responsible for paying the loan back.  There have been plenty of accounts taken as collateral and sold, and the debt just goes away.  If it's a bought account, the new owner isn't responsible for that debt.

So bad, I hope that loan is connected with a person not with an account

Stop shitposting, even if it's your thread.

I think OP meant if the negative tag from the account will be cleared if he pays the loan back.

Ah, OK.  My attention deficit is a nightmare.

[Joel_Jantsen]

Why would you want to pay money for an account with a bad history?

More like, why would you want to pay for an account at all ?

So no, nothing will likely happen if you somehow get your hands on an account that's defaulted on a loan.  The account WILL get tagged if it's discovered that it's been sold, but the new owner isn't responsible for paying the loan back.  

If an account defaulted on a loan, there is a 90% chance it will already be flagged. I think OP meant if the negative tag from the account will be cleared if he pays the loan back.There are only two possible cases for doing so
1.The account price is more (according to the current market) than the loan defaulted.
2.OP is an idiot.

[jackg]

So bad, I hope that loan is connected with a person not with an account

It's obviously connected with both. What account is this that you've bought anyway?

[shilpyh]

purely theoretically, what will happen if you buy an account with a loan or with a defaulted loan?

Buying/selling account is prohibited and totally illegal. You cant buy any account and if still you buy an account but that still active which has loan or default loan then you have to pay that otherwise you will get negative trust as a result there is no benefit for using that account.

[jackg]

Buying/selling account is prohibited and totally illegal.

There is no rule/law against buying BitcoinTalk accounts here.
You risk getting negative trust but there is no formal rule.

has loan or default loan then you have to pay that otherwise you will get negative trust as a result there is no benefit for using that account.

That's true though.

[jademacoy]

Why would you want to pay money for an account with a bad history?

Yeah indeed sir jet cash never fail to get a good advise and put a good comments on every thread he posted. I was becoming a follower lately. Anyway, it is still could arrange if you without knowingly bought an account which has an existing loan. Just try to approach the owner nicely and speak to him gently and try to understand him with your situation and hopefully the problem could resolve.