400$ Loan defaulted by [Yabes]

[albon]

I have viewed the user's post history and it seems that he has taken loan from you multiple times previously and paid the loan with interest. However, this time I think something wrong might have taken place in his life. The guy seems to be an honest person because his/her post history shows that, but still he defaulted the loan, and that's not a good thing at all. I'm sorry for your loss buddy, I have seen that you have faced many losses because of such users. I hope that in future the users wont do such things with an honest lender like you. I'm still not sure that if the guy is a scammer or not, but I'm also supporting you with flag against him until he pays your money back.

But the amount of the last loan is higher than all the loans that he paid before, and it is possible that he will not return again because he became inactive after taking the loan directly, and this is an indicator that makes us suspicious of him. There is no one who is not devoid of life circumstances, but what is the circumstance that can prevent a person for all this time after taking the loan? Is it difficult for a few minutes out of 24 hours to reply to Shasan's messages who gave him the loan? He should have done this to explain to him the reason for his delay in paying the loan amount and interest, and I know that the OP will give him enough time. Sad about this loss, and I hope that the borrower will return and pay the loan even though I don't expect this. Just my 2 Satoshis, The flag supported.

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[SamReomo]

I have viewed the user's post history and it seems that he has taken loan from you multiple times previously and paid the loan with interest. However, this time I think something wrong might have taken place in his life. The guy seems to be an honest person because his/her post history shows that, but still he defaulted the loan, and that's not a good thing at all. I'm sorry for your loss buddy, I have seen that you have faced many losses because of such users. I hope that in future the users wont do such things with an honest lender like you. I'm still not sure that if the guy is a scammer or not, but I'm also supporting you with flag against him until he pays your money back.

But the amount of the last loan is higher than all the loans that he paid before, and it is possible that he will not return again because he became inactive after taking the loan directly, and this is an indicator that makes us suspicious of him. There is no one who is not devoid of life circumstances, but what is the circumstance that can prevent a person for all this time after taking the loan? Is it difficult for a few minutes out of 24 hours to reply to Shasan's messages who gave him the loan? He should have done this to explain to him the reason for his delay in paying the loan amount and interest, and I know that the OP will give him enough time. Sad about this loss, and I hope that the borrower will return and pay the loan even though I don't expect this. Just my 2 Satoshis, The flag supported.

You are right but the guy has taken a loan of 370 BUSD previously from Shasan and if he wanted to run away then he could run away with $370 as well. If we closely speculate then this time he has just $30 more than one of his previous loans and that's why I was thinking that why if a user pays $370 back with interest will run away with $400 and leave the forum? I may be wrong, but still the guy paid previous loans and that's a fact. However, I wont be taking the side of the of the one who took loan and defaulted it, I honestly feel bad for Shasan's loss because the guy has been helping forum members with loans for a long time, and still people like this take advantage of his goodness. I also hope that the user will reappear and pay Shasan's loan back, but to be honest I also don't expect that guy's return on the forum.

[Dr.Bitcoin_Strange]

Some people have sold their morals to ignorance. I don't get why someone would take a loan that they couldn't afford to pay back; rather, it's better to just take the amount that will be very easy on them during repayment. In some parts of the world, $400 is about five months worth of minimum wage payment, so it's a huge amount to just run away with, putting you at a loss. It's just nonsense.


Support your flag

[yhiaali3]

I am really sorry for your loss. I hope this member will return the borrowed money to you soon. He has not registered activity in the forum since 18/6. Therefore, he may have an impediment or difficult circumstances that prevent him from entering the forum, or perhaps the reason is evasion of loan repayment, I don't know.

Unfortunately, this happened to me before me in the local board, where I lent a loan to one of them and he defaulted on the payment and was absent from the forum, but after a while he came back and said that he was suffering from difficult family circumstances and repaid the loan, so I hope the same thing will happen with you and the member will return to pay the loan.

[Ronsbit]

How could that dude stoop so low to default to his obligation. That is cowardly of him to have ran away with funds he was loaned. From the scenario, i think it was an intentional act from and a well planed one for that matter. He is not in any campaign from the looks. I was thinking there is collateral  for taking loans but to my greatest surprise none at the moment and i ask OP is there any possibility of making it compulsory so you could not be suffering losses in the nearest future because this is disheartening that your good deeds turns out to be used against you by scammers who are heartless.

[TheUltraElite]

How could that dude stoop so low to default to his obligation. That is cowardly of him to have ran away with funds he was loaned. From the scenario, i think it was an intentional act from and a well planed one for that matter. He is not in any campaign from the looks. I was thinking there is collateral  for taking loans but to my greatest surprise none at the moment and i ask OP is there any possibility of making it compulsory so you could not be suffering losses in the nearest future because this is disheartening that your good deeds turns out to be used against you by scammers who are heartless.

Every lender wants the loans to be secured by collateral. But in reality very few actually manage to gather a collateral. The major reasons behind loans being trading and gambling most of them get dispensed with only trust between the parties. This system can sustain only if the borrower takes responsibility of their loans and pays back with interest in time however hard it might be for them.

Most lenders are willing to accommodate by extending the time period or taking the payment in installments and so on. But ghosting right after a loan is dispensed is a bad omen.

[avp2306]

How could that dude stoop so low to default to his obligation. That is cowardly of him to have ran away with funds he was loaned. From the scenario, i think it was an intentional act from and a well planed one for that matter. He is not in any campaign from the looks. I was thinking there is collateral  for taking loans but to my greatest surprise none at the moment and i ask OP is there any possibility of making it compulsory so you could not be suffering losses in the nearest future because this is disheartening that your good deeds turns out to be used against you by scammers who are heartless.

Every lender wants the loans to be secured by collateral. But in reality very few actually manage to gather a collateral. The major reasons behind loans being trading and gambling most of them get dispensed with only trust between the parties. This system can sustain only if the borrower takes responsibility of their loans and pays back with interest in time however hard it might be for them.

Most lenders are willing to accommodate by extending the time period or taking the payment in installments and so on. But ghosting right after a loan is dispensed is a bad omen.

Many doesn't bothered to gather a collateral since its hassle to hold it so maybe lender just trust people that they pay their obligation. But another unfortunate incident happen since another user default his loan so maybe its time to be more stricter on requirements and don't lend a huge amount to a user if the rank of his account is lower than the amount since loan defaulting will be their option if they can't pay their borrowed money on agreed timeline.

[AHOYBRAUSE]

The number of defaults decreasing and soon it will decrease a lot. Because a lot of alt accounts have already been staged for various reasons and also became banned. You are right that many lenders stopped their service and I am also at a loss but I have no plan to stop this service.

Oh really, you still run a loss overall?
You have so many loans every week, I was sure you would make some good profits with this, but seems the loan default make a deep cut in those profits.  

I also had plenty of loans from you already, must have surely paid around 300-400$ in interest. I am also very unlucky always, I take a loan and when I pay back the price has gone up. Just recently I got a loan for btc at 25k price and paid back at 30k, haha. My current LTC loan is even worse, got it at around 80$ and now the price is at 106$.  Unlucky me.

Anyway, sorry for your loss and thanks for still providing this service!!

[Husires]

I hope that you will be able to recover your money, but with the absence of guarantees in such services in the forum, it is better to stop providing loans until there is a way to reduce such scam.

This only proves how risky the loan business is here in Bitcointalk, some members will gain your trust first until they establish that and then they go with a big amount but we can never tell if he shows up with a valid excuse and pays what he owed to Shasan, I hope that's what going to happen.

In the past, accounts were taken as collateral, and then the account was sold if the second party failed to pay, but I do not think that reactivating this rule would be beneficial for the forum as it would promote the purchase of accounts and might promote spam.

[khaled0111]

The guy (Yabes) has been active on the collectibles board fir more than three years and it seems that he made some successful trades there. I'm having hard time to realize how some one could abandon an account with such good reputation and trading history for $400. He could have earned it in two or three months if he has joined any of the available sig. campaigns.
Shasan, please be more careful with whom you are dealing with!

[Timelord2o67]

Might be splitting hairs, but I can't see a post where they acknowledge receipt of the "internal" transaction (or not as the case may be)


I've decided I won't be supporting the flag as the loan was without collateral which means as long as you don't ask for collateral you are going to be "scammed" by users who will cashout near useless UID's.

I won't support it, but I won't oppose it either as you are expecting us to clean up a mess you have created.

[Timelord2067]

Might be splitting hairs, but I can't see a post where they acknowledge receipt of the "internal" transaction (or not as the case may be)


I've decided I won't be supporting the flag as the loan was without collateral which means as long as you don't ask for collateral you are going to be "scammed" by users who will cashout near useless UID's.

I won't support it, but I won't oppose it either as you are expecting us to clean up a mess you have created.

Upon reflection I'll support the flag if only to deter copy cat scamming.

But I still think the entire no collateral or multiple loans policy that lenders have needs a rethink.