Need loan? Have 75% collateral? Contact me

[Kingblist]

Im offering only a few loans to reputable people.
YOU HAVE TO HAVE COLLATERAL.
Reply with loan amount up to 100 euros btc equivalent.
Nothing over 7 days. $5 fee for each day needed.

[timerland]

75% collateral to loan?

What happens if the borrower defaults? How do you manage to cover the loan amount then?

I highly suggest that you go with something along the lines of 120% collateral so that you are shielded from the fluctuations of the underlying security value. Good luck with the business.

[tokyohd]

In what crypto do you offer the loan ?
Since you are new you not expecting someone to send the collateral first right ?

 

[condoras]

Im offering only a few loans to reputable people.
YOU HAVE TO HAVE COLLATERAL.
Reply with loan amount up to 100 euros btc equivalent.
Nothing over 7 days. $5 fee for each day needed.

You offer loans to reputable members but how do you expect those members to choose and trust you? A newbie without any kind of history? And you ask for 5% per day?
I'm pretty sure that your intentions are more than shady. Unfortunately for you, nobody will send you a dime or any kind of collateral.

[DireWolfM14]

Im offering only a few loans to reputable people.
YOU HAVE TO HAVE COLLATERAL.
Reply with loan amount up to 100 euros btc equivalent.
Nothing over 7 days. $5 fee for each day needed.

You offer loans to reputable members but how do you expect those members to choose and trust you? A newbie without any kind of history? And you ask for 5% per day?
I'm pretty sure that your intentions are more than shady. Unfortunately for you, nobody will send you a dime or any kind of collateral.

Actually he's asking for $5 per day, not 5%.  If you borrow $50 that's 10% per day, borrow $25 that's 20% per day.  Not to mention that we've got a 1-post newbie asking for collateral with no mention of escrow.  And such a bargain; only asking for 75% of the loan value for collateral.  Could it be possible this is just an attempted collateral scam?

Even if he is a legitimate lender (which I doubt,) if someone borrows $100 from him and gives him $75 as collateral, after 7 days the borrower would owe 180% of the collateral.  What could go wrong?

[condoras]

Im offering only a few loans to reputable people.
YOU HAVE TO HAVE COLLATERAL.
Reply with loan amount up to 100 euros btc equivalent.
Nothing over 7 days. $5 fee for each day needed.

You offer loans to reputable members but how do you expect those members to choose and trust you? A newbie without any kind of history? And you ask for 5% per day?
I'm pretty sure that your intentions are more than shady. Unfortunately for you, nobody will send you a dime or any kind of collateral.

Actually he's asking for $5 per day, not 5%.  If you borrow $50 that's 10% per day, borrow $25 that's 20% per day.  Not to mention that we've got a 1-post newbie asking for collateral with no mention of escrow.  And such a bargain; only asking for 75% of the loan value for collateral.  Could it be possible this is just an attempted collateral scam?

Even if he is a legitimate lender (which I doubt,) if someone borrows $100 from him and gives him $75 as collateral, after 7 days the borrower would owe 180% of the collateral.  What could go wrong?

Oh, I thought that the $5 is for his top amount, €100! But on the other hand, if it's a fixed $5 then the interest will be $35 for a week and for any amount...
The best part for me is that OP wants the loan amount in 100 Euro equivalent but the interest is in US dollars.

[JohnBitCo]

I think this is also an scam attempt by the OP.  Newbies not only want to get loan without collateral but sometimes they will offer you to send the loon and need anything 50%-75% as a collateral amount. For obviuo reasons they will demand collateral amount first and if you send them, they will run away with your money.