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Author Topic: Needing a $5 loan  (Read 273 times)
Blackatinc
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March 25, 2018, 02:59:42 AM
 #1

I'm needing a loan for only $5. I can pay back $10 in 2 days.
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Blue Tyrant
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March 25, 2018, 04:51:32 AM
 #2

I'm needing a loan for only $5. I can pay back $10 in 2 days.

Do you have any collateral for your loan or this a no collateral loan? Is this is a fiat locked loan are the $5 and $10 BTC converted amount (ie we pay you $5 in current BTC prices and twice said BTC amount will be returned)

Blackatinc
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March 25, 2018, 08:34:40 AM
 #3

No collateral....well maybe I can give collateral PM me about that ok....and lock in the price or if BTC price is went up I'll pay back at that value. Which ever higher
Blackatinc
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March 25, 2018, 08:37:26 AM
 #4

Actually shoot me a message on Skype and we can talk about collateral
live:blackatinc_1
teddy5145
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March 25, 2018, 08:53:16 AM
 #5

Since you wanted a loan here, you will need to state your collateral here too, make sense to you?
Just make sure that your collateral can be easily sold and follows Vod's guideline

What is considered collateral?

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
Blue Tyrant
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March 25, 2018, 09:51:14 AM
 #6

Actually shoot me a message on Skype and we can talk about collateral
live:blackatinc_1

Keeping aside the fact I do not use skype as it's privacy nightmare, loan specifics especially when dealing with newbies (which we both are) are best dealt publicly for the safety of both parties. I can fund this loan by the way provided:

  • You have a stable altcoin or similar valid collateral as Teddy5145 pointed out in his reply (which is preferably held by an escrow and fees paid by you)
  • Amount returned should be $10 Fiat Locked is fine but it should be $10 + transaction fees I paid sending the BTC to you (with the transaction fees on the return paid by you ofc)

If you are ok with the above terms then we can proceed with the loan

Blackatinc
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March 25, 2018, 11:19:28 AM
 #7

Yeah my bad if I'm a bit new to the requirements. I really don't have any other alt coin I could put up as collateral. So I don't think I could fulfil that part. But what i would be willing to do is this. Pay you back $15 + transaction fees in 2 days
Blue Tyrant
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March 25, 2018, 11:24:02 AM
 #8

Yeah my bad if I'm a bit new to the requirements. I really don't have any other alt coin I could put up as collateral. So I don't think I could fulfil that part. But what i would be willing to do is this. Pay you back $15 + transaction fees in 2 days

Raising the amount promised to be returned doesn't matter if the loan is never repaid, that's why you'll need to use some collateral. Not to mention your entire post history is filled with either bounties or posts complaining about gambling sites. Neither of which really puts you at any better position for the loan when considering you're a newbie on top of it all.

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March 25, 2018, 11:35:03 AM
 #9

Yeah my bad if I'm a bit new to the requirements. I really don't have any other alt coin I could put up as collateral. So I don't think I could fulfil that part. But what i would be willing to do is this. Pay you back $15 + transaction fees in 2 days

Provide some sort of valid collateral at least or dont bother commenting here anymore. I accept stable altcoins as collateral. If you dont have have any then I suggest you lock this thread or DefaultTrust is going to come at you.

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Roboabhishek
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March 25, 2018, 09:45:27 PM
 #10

mm... is this a loan request or he is asking for a donation? But I must say after merit system kicked in I am not seeing loan request similar to this one that frequent.



fenican
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June 20, 2018, 11:11:38 PM
 #11

lol just go to a parking lot and panhandle for 20 minutes you'll get that 5 bucks and you won't need to stiff anyone or hurt your reputation.
crouslai
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June 20, 2018, 11:14:44 PM
 #12

It is really interesting to see that a guy get red trust for asking 5 usd loan. Newbies should read the rules first before posting/creating new topics. It is a good lesson for me too.
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