Recently woke up asking for a loan

[CryptSafe]

It is obvious that this borrower is a scammer because I see no reason why someone would just wake up all of a sudden and go straight to get a loan. If not for a sinister  motive, what else would warrant this actions from such account holder. As I can see Shazam already turned down his request so it would be very difficult for him to get a loan for which he would default and abscond with.

I am believe Shasan already dealt with it. So no need the borrower wasting his or her time going for such an amount of loan with no collateral because nobody would make such a mistake doing such.

[Sexylizzy2813]

It is obvious that this borrower is a scammer because I see no reason why someone would just wake up all of a sudden and go straight to get a loan. If not for a sinister  motive, what else would warrant this actions from such account holder. As I can see Shazam already turned down his request so it would be very difficult for him to get a loan for which he would default and abscond with.

I am believe Shasan already dealt with it. So no need the borrower wasting his or her time going for such an amount of loan with no collateral because nobody would make such a mistake doing such.

You need not blame the scammer or borrower like you address him, these things has only one end, if the loan is given that's the end, if the person giving the loan resist that's the end of the loan request. So the person using that account only want tto damage that account completely for the original owner.
Taking the loan and going off is likely to happen because if he eventually get the loan he would stop using that account and the main owner would be the one to suffer for what he has no idea of, just hope this gets to the main user to reset his password.

[CryptSafe]

It is obvious that this borrower is a scammer because I see no reason why someone would just wake up all of a sudden and go straight to get a loan. If not for a sinister  motive, what else would warrant this actions from such account holder. As I can see Shazam already turned down his request so it would be very difficult for him to get a loan for which he would default and abscond with.

I am believe Shasan already dealt with it. So no need the borrower wasting his or her time going for such an amount of loan with no collateral because nobody would make such a mistake doing such.

You need not blame the scammer or borrower like you address him, these things has only one end, if the loan is given that's the end, if the person giving the loan resist that's the end of the loan request. So the person using that account only want tto damage that account completely for the original owner.
Taking the loan and going off is likely to happen because if he eventually get the loan he would stop using that account and the main owner would be the one to suffer for what he has no idea of, just hope this gets to the main user to reset his password.

I am not blaming the account holder but I could imagine that kind of scenario and what it could result to in the future after successfully collection of the loan. Let us assume the account holder is not aware of this and the borrower happens to be a scammer who hack or steal the details of the account holder just to perpetrate their nefarious act and after everything, the scammer runs away leaving the money to be paid by the owner of the account and prior to his or her knowledge, they have not had such agreement what do you expect?
The lender was fast enough to detect their schemes and refused issuing the loan which had saved the owner of the account the stress of repayment and explanations.

[Sexylizzy2813]

I am not blaming the account holder but I could imagine that kind of scenario and what it could result to in the future after successfully collection of the loan. Let us assume the account holder is not aware of this and the borrower happens to be a scammer who hack or steal the details of the account holder just to perpetrate their nefarious act and after everything, the scammer runs away leaving the money to be paid by the owner of the account and prior to his or her knowledge, they have not had such agreement what do you expect?
The lender was fast enough to detect their schemes and refused issuing the loan which had saved the owner of the account the stress of repayment and explanations.

Definitely the real owner of that account won't be aware because as it stands that account has been hacked by this current person using the account and if one way or the other the main user of that account get to recover the account he or she would be seeing red tags all over the account without knowing what went down.
By then the fraudster might have done the damages and letting the real owner to suffer for it, I can tell you for free that the person giving the loan won't believe what the owner of the account is saying as a defense to what he has been accused of, is really sad to see such a thing happening to members without their consent. But the account could be another sold account, don't you think 🤔.

[logfiles]

As I can see Shazam already turned down his request so it would be very difficult for him to get a loan for which he would default and abscond with.

No way you called him Shazam 


Would it be OK to leave a neutral tag on the profile about the loan incident after a long period of inactivity, just to act as a heads-up on anyone who might attempt to deal with the account in future?
I wanted to add one to the profile, but I don't want to be trigger-happy with tags which could easily draw criticism if they are unnecessary.

[CryptSafe]

As I can see Shazam already turned down his request so it would be very difficult for him to get a loan for which he would default and abscond with.

No way you called him Shazam  

My bad for not spelling the name correctly Sir. I apologize for it Sir.  

Would it be OK to leave a neutral tag on the profile about the loan incident after a long period of inactivity, just to act as a heads-up on anyone who might attempt to deal with the account in future?
I wanted to add one to the profile, but I don't want to be trigger-happy with tags which could easily draw criticism if they are unnecessary.

He was not given the loan by Shasan and did not succeed in his motive as the case maybe but if he had gotten the loan and the reverse was the case it would have been a different game altogether. I believe this thread would also be here as reference for his actions in the near future if anything arises again that warrants such to be done or actions taken. Talking about the tag, I would not say much about it as I am not a DT member to be in a position of taking any decision of such nature.

[_BlackStar]

Talking about the tag, I would not say much about it as I am not a DT member to be in a position of taking any decision of such nature.

DT status doesn't stop you tagging someone - but inappropriate tags can be questionable. You are not required to be on DT to send any tags to someone if that is necessary - but you do need to consider something reasonable as a reference if you want to tag someone if based on other users' accusations.

Users mentioned by the OP certainly have motives and reasons for making loan requests - but we will never know exactly what their motives are. He could have wanted to get a loan because there was something urgent - but he didn't get it because his account didn't have regular activity like most other borrowers.

Would it be OK to leave a neutral tag on the profile about the loan incident after a long period of inactivity, just to act as a heads-up on anyone who might attempt to deal with the account in future?
I wanted to add one to the profile, but I don't want to be trigger-happy with tags which could easily draw criticism if they are unnecessary.

Of course - I think you can do it - IMO, but I'm tend to agree if you put it on a list of users you distrust.

[CryptSafe]

Talking about the tag, I would not say much about it as I am not a DT member to be in a position of taking any decision of such nature.

DT status doesn't stop you tagging someone - but inappropriate tags can be questionable. You are not required to be on DT to send any tags to someone if that is necessary - but you do need to consider something reasonable as a reference if you want to tag someone if based on other users' accusations.

Users mentioned by the OP certainly have motives and reasons for making loan requests - but we will never know exactly what their motives are. He could have wanted to get a loan because there was something urgent - but he didn't get it because his account didn't have regular activity like most other borrowers.

Would it be OK to leave a neutral tag on the profile about the loan incident after a long period of inactivity, just to act as a heads-up on anyone who might attempt to deal with the account in future?
I wanted to add one to the profile, but I don't want to be trigger-happy with tags which could easily draw criticism if they are unnecessary.

Of course - I think you can do it - IMO, but I'm tend to agree if you put it on a list of users you distrust.

Obviously there could be a reason why the borrower had requested for such an amount of loan from nowhere which he or she did not say and the account has been inactive for a while to o start with but not withstanding he must have gone elsewhere to seek for the loan since he could not get it from here and I think for that reason he should be active here again so as not to be ignored or get his or her request being declined as a result of their inactivity here.

If I may ask Sir, how does one become a DT member here as I am curious about it. I have not really paid attention to that aspect of the platform engagements about DTs but I should start it now.

[BITCOIN4X]

If I may ask Sir, how does one become a DT member here as I am curious about it. I have not really paid attention to that aspect of the platform engagements about DTs but I should start it now.

You just need to have one of the DT 1 members to add you to their trust list. That's just one of the conditions, but before they include you, you need to do something convincing like giving lots of valid tags to other users and also have a decent contribution. DT 1 will not add you to its belief list by chance, but usually they did due of your contribution to the trust system.

If you are interested in knowing a lot, then try to understand this guide from LoyceV: LoyceV's Beginners guide to correct use of the Trust system

[_BlackStar]

-snip-

Obviously there could be a reason why the borrower had requested for such an amount of loan from nowhere which he or she did not say and the account has been inactive for a while to o start with but not withstanding he must have gone elsewhere to seek for the loan since he could not get it from here and I think for that reason he should be active here again so as not to be ignored or get his or her request being declined as a result of their inactivity here.

Lenders not only expect you to be active in order to get a loan - but there are several other conditions they will consider before they send you money. I have observed that some users make loan requests because they really need money - while some users make loan requests because they want to build a reputation with the green trust.

If I may ask Sir, how does one become a DT member here as I am curious about it. I have not really paid attention to that aspect of the platform engagements about DTs but I should start it now.

Of course you should study it - but that is a question that has nothing to do with this topic. I hope the advice from users before me can help you increase your knowledge of trust systems - so try reading around and asking about anything you don't understand in the thread.

Question for OP - since the accused user has become inactive, does that mean this thread is over?

[CryptSafe]

-snip-

Obviously there could be a reason why the borrower had requested for such an amount of loan from nowhere which he or she did not say and the account has been inactive for a while to o start with but not withstanding he must have gone elsewhere to seek for the loan since he could not get it from here and I think for that reason he should be active here again so as not to be ignored or get his or her request being declined as a result of their inactivity here.

Lenders not only expect you to be active in order to get a loan - but there are several other conditions they will consider before they send you money. I have observed that some users make loan requests because they really need money - while some users make loan requests because they want to build a reputation with the green trust.

If I may ask Sir, how does one become a DT member here as I am curious about it. I have not really paid attention to that aspect of the platform engagements about DTs but I should start it now.

Of course you should study it - but that is a question that has nothing to do with this topic. I hope the advice from users before me can help you increase your knowledge of trust systems - so try reading around and asking about anything you don't understand in the thread.

Question for OP - since the accused user has become inactive, does that mean this thread is over?

Thank you for the response Sir. I really appreciate your time for replying my quest for knowledge. I will read the article as provided to gain more knowledge about the DT system and how it works so I could get a clearer picture and understanding of it.
Lenders would definitely have their own procedures or possibly measures through which one must be able to meet  before  they get the loan they applied for. Although I have not applied for a loan here but I think It is something every one should know that there must be some certain criteria on must satisfy before they can access the loan the loan they have applied for but if they are not up to it, then the lender would definitely decline their application for such loans.

[Mpamaegbu]

But the user has failed all of these as the user woke up recently. Who knows if the account has been sold or not?  However, the possibility of being hacked is too low as the user had not created any post regarding the hack.

You should've gone a step further to put a neutral tag on such user (as a reg tag will be an overkill) to warn others, seeing how some of them have been defaulting on loans. I read your story with Edwardard, all what transpired and it saddened me. As for ~money~, their poor attempt is very evident of the scam they intended carrying out. An account that was last active in May 2021, only to wake up in October 20, 2023 and the first thing they deemed fit was to ask for a loan after over two years of absence. The user didn't just ask for a loan but a $800 loan. That's ridiculous. If the borrower's intention wasn't bad, why did they cease to post again after the loan demand was made. The answer is obvious.

[Sexylizzy2813]

Here's also a place of business but to me I still don't find it ok to be giving out loan, because the risk is too much to handle. Someone might decide to take a huge amount of loan without having it in mind to pay back and how's the person going to get his money back? By complaining to the Forum and red tagging the user account who collected the loan? Would that solve the problem?🤔
I don't know how is going to be but anybody giving loan on this Forum should know that you're on your own, because you know how risky it is and you're still doing it, is better you stop it. Now people create account to take loan and then they're nowhere to be found when it's time to pay.

[arabspaceship123]

He should've joined a sig campaign to stack sats because he's Hero rank but he's asking for a loan. His forum name's good enough to attract loans but he doesn't use it so he shouldn't be trusted. The loan request's been refused so he won't be getting money from ppl in the forum.

User profile: ~Money~
Last post before the come back : May 02, 2021

The post where he asked for a loan (archived)

Loan Amount: 800 USDT
Loan Purpose: personal
Loan Repay Amount: 900 USDT
Loan Repay Date: 1 month
Type of Collateral: None
USDT Address TRC20: TKQ7ySZVKjdG5AkTegL6J9f26zRDYgKFRJ

One more thing I noticed is that the USDT TRC20 address he provided for the loan has never been used by him before.

[logfiles]

Here's also a place of business but to me I still don't find it ok to be giving out loan, because the risk is too much to handle.

Just like you don't find it Ok to give out a loan because it's risky, other people find it not OK to gamble or even trade because of the risk.

Giving out loans is actually business, What lender maybe need to is to become more picky on who to lend money to and who not to lend to. But I think over the years the number of loan defaulters has reduced.

He should've joined a sig campaign to stack sats because he's Hero rank but he's asking for a loan.

Because his aim was to get a loan, get out and never pay. He was never interested in joining a signature campaign

[Sexylizzy2813]

Here's also a place of business but to me I still don't find it ok to be giving out loan, because the risk is too much to handle.

Just like you don't find it Ok to give out a loan because it's risky, other people find it not OK to gamble or even trade because of the risk.

Giving out loans is actually business, What lender maybe need to is to become more picky on who to lend money to and who not to lend to. But I think over the years the number of loan defaulters has reduced.

Everything is a risk so you using trading as an example is not suppose to be, you know how trading is and no matter how risky it is you must get your profit even if you lose.
Talking about giving loan, no matter how picky the lender is the risk is still at 100% sure that he can lose his money.
This kind of business is not that transparent, you're not seeing the person you're giving the loan, you know nothing about him and if you can't get your money back what do you do? Nothing helpful to get your money back.
So you saying loan defaulters has reduced, I don't agree with you on that, they're now much because the loan collectors know they can't be traced should incase they refuse to pay back.

[Lida93]

I won't say that it's a 100% or definitely scam attempt, but it seems so suspicious. Someone who has been gone for over two years, and his first post today after returning is a request for an $800 loan. I believe everyone should be careful and caution when dealing with this user regardless of how much trust he had before or his history. It's also possible that the account has been sold or hacked.

One more thing I noticed is that the USDT TRC20 address he provided for the loan has never been used by him before.

I haven't requested for a loan before  from right when I got to the forum till now so I don't know how the loan processes in the forum works for anyone to be granted a loan but generally there must be criteria and rules to be fulfill to be eligible for a loan.

You don't just pop up from a nowhere to demand for a loan and expect to be given, be it $1 you're requesting for, be it he's the real owner of the account or not; equally in the traditional banking system it doesn't work like this. And am certain no one will take him serious to give him the loan he's seeking for. Better to be ignored.

[SmartGold01]

I haven't requested for a loan before  from right when I got to the forum till now so I don't know how the loan processes in the forum works for anyone to be granted a loan but generally there must be criteria and rules to be fulfill to be eligible for a loan.

You don't just pop up from a nowhere to demand for a loan and expect to be given, be it $1 you're requesting for, be it he's the real owner of the account or not; equally in the traditional banking system it doesn't work like this. And am certain no one will take him serious to give him the loan he's seeking for. Better to be ignored.

One of the major criteria lenders do look after is the current campaign they are actively in before they would release the loan, then secondly how often they do gets merits and their interaction within the forum, also long they have spent in other campaign couple how many campaign they have promoted before. I think these are the Major key points lender do seek after.
But No No to a just wokeup account to rest for a loan over here, nobody will accept to such persons a loan because their account is not trusted and may not pay back because the account is not in any campaign to pay back their debts.

[shasan]

they have spent in other campaign couple how many campaign they have promoted before.

You are right about all other things except this one as it is almost impossible to know on which campaign the borrower has worked. Even if there are several changes, the borrower may not remember, and those that are closed are difficult (time-sensitive to find out).

[arabspaceship123]

Off topic but aren't you worried about defaults on the loans you've given to users on sig campaigns? On 1st Jan many sig campaign participants aren't going to have on week payment because they won't be in sig campaigns. There's going to be users who won't be able to make repayments.

they have spent in other campaign couple how many campaign they have promoted before.

You are right about all other things except this one as it is almost impossible to know on which campaign the borrower has worked. Even if there are several changes, the borrower may not remember, and those that are closed are difficult (time-sensitive to find out).