Loan defaulted by [Edwardard]

[BabyBandit]

Sorry for you're loss OP. 1000$+interest is alot of money for many of us.
I hope you will recover and future lenders will pay back.

Flag supported.


- Regards BabyB. 👼

[1714873293]

1714873293

[Cantsay]

@shasan, I just took a look at the spreadsheet of coinomize signature and from what i saw there I believe he planned everything from the start… because from the spreadsheet he didn’t make a single post on  week 23  and he stopped receiving payments from the 18th week of the campaign which means he was ready to be removed from the campaign.

So just a little suggestion from me; before you accept a loan request from any user despite them wearing a long lasting signature make sure you go through the spreadsheet of that signature and take a look at their activity if it’s the one that will keep them there or if there’s a chance that they could be kicked out of the campaign anytime.

[ineedhelpplease]

Also here's something to think of as well. If he did originally intend to scam, couldn't he just request a higher loan to maximize his money? Especially for his clean past slate and good history of paying back loans and his 8 years on the website. So obviously with that in mind, he could've more than easily walked away with more than $1,000 to his name through scamming if he just asked for more. He (also as far as I'm aware of) never requested a second loan either from anyone which he could've probably gotten away with very easily.


He should still not be ignoring and he should be completely honest with his situation and provide as much proof as possible to show that he's not lying or making up a story. This is like the #1 rule for scenarios like this and here he is breaking that common sense rule. In this scenario although he'd be hella late and a little suspicious at least he's being honest and showing proof he can't just instantly pay back. I hope the best for him if he really is in an irl struggle.

I'm no expert at this stuff but based upon from what I've gathered it just feels like he made a horrible mistake and didn't intend for this to originally happen but the ignoring part is just still completely fucked. I hope that he's able to come back and pay your money one day because that's just so messed up.

[AB de Royse777]

The only reason that I considered to stop my lending business long ago was to get scammed by many members who I trusted and eventually I was in big loss. I witnessed many forum members scammed you so far. My suggestion is to stop the business before you lose more. We all learned it the hard way.

[The Sceptical Chymist]

The only reason that I considered to stop my lending business long ago was to get scammed by many members who I trusted and eventually I was in big loss. I witnessed many forum members scammed you so far. My suggestion is to stop the business before you lose more. We all learned it the hard way.

I don't want to stray off-topic, but you did make a good point.  Every single problem I've ever seen in the lending section of this forum has been due to lack of collateral (though I'm sure there've been other problems I've missed), and for an obvious reason: it's too damn hard to provide physical collateral for a loan on a discussion forum, and borrowers generally can't or won't provide altcoins.  If they had any significant amount of any cryptocurrency, they probably wouldn't be asking for a loan in the first place.

I stopped browsing Lending quite a while ago, so if there's anyone who's been able to successfully keep a lending service alive I'm unaware of them.  And I'm not sure if anyone has cracked the problem of collateralized crypto loans in the online world, where in the end it doesn't come down to a matter of trust between the lender and borrower.

[robelneo]

Fuck Sashan, I'm really sorry. 1,000 bucks plus interest must hurt, and you surely must make a lot of successful loans just to make up for that loss. I'm going to red tag him too and support the flag.

You have to see how people ruin an account. He had been on the forum for a long time and had managed many campaigns.

Also, the user was in a good campaign where the weekly payment was 100$. In the meantime, the user could repay the double amount. And the account can't be ruined.
I am surprised that the user returned 1050$ and the latter took 1000$. If the user was a defaulter then why return the previous loan? I can't get the answer to this.

Supported the flag he is currently in a good campaign,  the answer could be he returned the loan so he can cashout on the campaign he is in and ask for a loan again, surprising that he did not ask for a much higher loan when he can do so considering that he completed paying his past loan
maybe he is having tough times based on his last post

I would like to ask for second extension for this loan. I know it is already too long but my situation is not that good. I will pay with more interest on this extension and I hope you understand.

But still, he should be man enough to be honest about his situation and not run away with the money, tough times will not last, and he should know that, I'm sorry for your loss Shasan but that's one of the risks of this business, let's just hope he will listen to his conscience and return and explain what happen and make an effort to return the money.

[Subbir]

So sad @shasan $1000 is a valuable amount but I can not believe that Hero Rank and reputed member are scammed! sad for you i hope next time when you provide the loan checked carefully and limit with loan for the depend on reputation of this profile.

Also, I support these Flags here!

[SmartGold01]

Hello @Shasan I can see he is in a signature campaign with coinomize project will suggest you write to his manager to withhold his weekly payment and then send it to you as payback instead of him not paying any to you for the whole weeks with interest I believe this will also help. whenever he is not getting paid from his campaign then he will have to write you back, I trust his manager will understand as well. I don't know if other person already suggested this to you as well.

[BABY SHOES]

Very sorry for the loss of $1000 plus interest, this is a risk as a loan service because there will always be users who damage their own accounts for the money they want, what is very unfortunate is that he is a hero member with a good reputation but must be damaged because of his own actions.

Hello @Shasan I can see he is in a signature campaign with coinomize project will suggest you write to his manager to withhold his weekly payment and then send it to you as payback instead of him not paying any to you for the whole weeks with interest I believe this will also help. whenever he is not getting paid from his campaign then he will have to write you back, I trust his manager will understand as well. I don't know if other person already suggested this to you as well.

What do you see buddy? This user has been inactive for a long time and the last post was in June, he is also not in the current Coinomize campaign after checking in the spreadsheet, why others do not recommend this is because the user Edwardard was removed from the spreadsheet.

[Kemarit]

Hello @Shasan I can see he is in a signature campaign with coinomize project will suggest you write to his manager to withhold his weekly payment and then send it to you as payback instead of him not paying any to you for the whole weeks with interest I believe this will also help. whenever he is not getting paid from his campaign then he will have to write you back, I trust his manager will understand as well. I don't know if other person already suggested this to you as well.

LOL, you are in the same campaign and yet you don't see that he has not been paid since June because he suddenly disappeared. He still carry the signature though because obviously he didn't removed it.

So very unfortunate @Shasan, he used to be a good campaign manager here in 2017, then suddenly disappeared, and then in the last year, resurfaces and was able to join signature campaigns because of that reputation. Not saying that it was his plan all along to scam when he comes back, but it likely was in his mind and took a big loan of $1000.

Supported the flag.

[FatFork]

You are right and the campaign on which the user was still active. So, there was no chance to earn less than 100$ per week. I can't imagine a healthy-minded person can act like Edwardard did.

His activity looks weird, even before he asked you for a loan, he wasn't making a maximum of his income through that signature, he had periods when barely posted so if he really would have needed that money he would have got them just from the signature even without taking the loan.

Yeah. This dude showed up again on the forum around the end of last year.  He hadn't posted anything for like two years before that and  in 2020 he only wrote maybe 22 posts or something, just getting active again after being gone since 2018. Pretty soon after returning he started asking for loans in the lending section.  At first just small loans for 70-80 bucks, then 250-350, and eventually 550 as he tried to build up some trust and  took him around 5 or 6 months altogether to work his way up to borrowing $1000.  Dude's definitely got other profiles on this forum no doubt.  He'll be back to try this hustle again for sure.

Hello @Shasan I can see he is in a signature campaign with coinomize project...

C'mon, SmartGold01! You can do better than this.

[hugeblack]

I supported your FLAG I did not add negative trust, there is enough.

I think that it is better to start a bounty of $300 to whoever finds an alternative account for @Edwardard. I do not think that he will disappear like this without having an alternative account, and you will not lose anything if no one finds any other accounts.

If you find an alternative account, you will be able to recover part of your money, cuz I do not think that someone who was on the forum for several years and left the account for $1,000 would have simply left the forum without having any alt account.

[JollyGood]

I guess it is impossible to understand the motives behind why this member would have asked for a $1000 loan and then repaid it early only to then ask for another $1000. It could be that he intended to get larger loans with early repayments in order to make one big loan attempt before scamming or could be related to him stating his situation was not good, it seems we will never know unless he posts his explanations here.

I am sorry for the fact you had to face this. Taking a full loss on a $1000 loan is something that nobody deserves.

Also, the user was in a good campaign where the weekly payment was 100$. In the meantime, the user could repay the double amount. And the account can't be ruined.
I am surprised that the user returned 1050$ and the latter took 1000$. If the user was a defaulter then why return the previous loan? I can't get the answer to this.

[SmartGold01]

snip

LOL, you are in the same campaign and yet you don't see that he has not been paid since June because he suddenly disappeared. He still carry the signature though because obviously he didn't removed it.

Sorry I couldn't even monitor his records to know whether he is being paid or not, just doing my task as usually without minding if other are doing it or not. But thank you for the head up, most at times it is very risky to offer such kind of service over here because you wouldn't know their true intention whether to scam or not but I will only say to be very mindful while giving out huge amount maybe from $500 and above can be consider very huge to give out to people.
So sorry for the lost.

C'mon, SmartGold01! You can do better than this.

Sorry I didn't go in details to know if he still getting paid, as above person already said.
My bad😑

[Fivestar4everMVP]

This is very sad honestly, totally destroyed a hero ranked account for a mere $1000, an amount he could have earned in 10 weeks if earning atleast, a $100 weekly, it's very pathetic how some forks will easily give up gold for peanuts, simply because they feel it may take longer for them to sell the gold at its worth, if they were to be patient and find the right buyer.

So so sorry for shasan, a thousand dollars is not a small amount of money to lose like this in this time, that over a million in my local currency going by today's exchange rate, but still, this amount cannot do very much when it comes to starting a business or so..

What I did suggest is that, those who are good wit investigations should please get to work, I am very sure that the scammer have an alt account which he will surely keep accessing the forum with, and possibly continue earning from signature ad campaigns, we should dig such account out and tag it as well.

So sorry shasan, I hope you recover this money back soon.

[AHOYBRAUSE]

Once people are asking for extension after extension for the same loan it's always a bad sign. That it happened with such a high amount is even more annoying.

The strange thing is, Edwardad himself was scammed and created a flag here in this forum at the beginning of the year. I remember I spoke with him at that time that the person is full of shit, still he didn't listen and gave the loan. Of course I was right and the clown ran away with the money.
Him doing the same now shows his weak character. 

[ajiz138]

Sad to see that you have been deceived by a hero member who at least you have trusted with the unsecured loan, with the loss of $1000+ is not a small thing it is really big what I expected but why he did not return it in the past when the loan was still on Coinomize if I'm not mistaken.

Hopefully he returns to the forum and resolves this issue so that you don't experience any losses.
Support the flag above.

[Baofeng]

You are right and the campaign on which the user was still active. So, there was no chance to earn less than 100$ per week. I can't imagine a healthy-minded person can act like Edwardard did.

His activity looks weird, even before he asked you for a loan, he wasn't making a maximum of his income through that signature, he had periods when barely posted so if he really would have needed that money he would have got them just from the signature even without taking the loan.

Yeah. This dude showed up again on the forum around the end of last year.  He hadn't posted anything for like two years before that and  in 2020 he only wrote maybe 22 posts or something, just getting active again after being gone since 2018. Pretty soon after returning he started asking for loans in the lending section.  At first just small loans for 70-80 bucks, then 250-350, and eventually 550 as he tried to build up some trust and  took him around 5 or 6 months altogether to work his way up to borrowing $1000.  Dude's definitely got other profiles on this forum no doubt.  He'll be back to try this hustle again for sure.

That already looks suspicious to me, not sure if shasan have been here in the community in 2017 because that's where the Edwardad is very active, I can't remember if I have been in his campaign back then. Because during that time he has a lot of bitcoin paying signature campaigns under him.

And then suddenly he disappeared from the scene and then so I was and maybe many members here when he returned to the community, join a signature campaign and then for a $1000 loan and run. Maybe he was in dire situation that time, but I guess everyone is different and act not normal to the point in ruining their reputation here when our back is against the wall.

[Dr.Bitcoin_Strange]

That's actually a huge amount of money, and the guy was in a good-paying campaign, which could have just enabled him to pay up the loan. But one thing I understand is that for some people, it's usually easy to acquire loans and debits, but the repayment is very difficult for them, and they tend to shy away from their debt. It's very unwise of him to ruin his account and reputation this way, or maybe he is someone who doesn't just have one account on the forum. Sorry for this loss, Shasan. $1000 is no penny. His last active was just towards the end of last month, which means he's just around, but International never wanted to reply or contact you. I support your flag.

[GxSTxV]

you must have the highest tolerance for scammers to wait 5 months before creating this thread. your patience is mother teresa level. he didn't offer collateral and then its a big amount for someone to send.

Exactly! Shasan has shown a big amount patience waiting for Edwardard to return since his last past talking about the loan on the forum. It seems shasan was hoping that Edwardard sooner comes back and return back the late loan, but unfortunately it didn’t happened and I doubt it ever will.
I really empathize with Shasan especially knowing that he had the same experience recently, as I remember. This situation must be incredibly frustrating and poses a risk that Shasan might stop offering loans which would be unfortunate for a lot of us. Personally, I rely on loans because I easily can repay them through signature campaign earnings without any external job or income.

In this case, even for a trusted profile borrowing $1000 and promising a quick return of one month or so can be a bit suspicious. Such actions not only harm lenders but also affect those genuinely relying on loans during hard times and actually repaying them.