Loan Defaulted [Xcode7]

[shasan]

What happened:: Loan Defaulted

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=963211
Reference Link: https://bitcointalk.org/index.php?topic=5030169.msg66180392#msg66180392 and https://bitcointalk.org/index.php?topic=5030169.msg66133704#msg66133704
Amount Scammed:  415$+Interest
Payment Method: USDT
Additional Notes: Firstly, the user asked to wait till 19th January, and later several times several things happened only saying sending, will send, will repay full, will repay interest, will repay part of weekly income, but till now I have never received a single dollar from the accused person (Xcode7)
Flag: https://bitcointalk.org/index.php?action=trust;flag=3489

[shasan]

Reserve

[acroman08]

Sorry for your loss shasan. I supported the flag.

The guy is currently in a campaign that pays $60 per week, he could have settled his debt in just two months if the campaign he is in continues to run for that long. The guy basically wasted the opportunity to earn money from this forum, he would have earned more than $400 in the long run.

[dkbit98]

Flag supported.
Sorry for your loses shasan, but I already heard about member Xcode7 recently because of cheating and his connection with many other account, so watch out with your future loans.
This scammer was identified as a member of big account farm few months ago and I am sure he is lurking around.

[Swordsoffreedom]

I supported your flag,

This is really painful. I actually don't understand why he defaulted on the loan, even if getting paid from such a good signature campaign.
Seeing all this, I am not even sure if being involved in a sig campaign is worth it, lending board has become risky nowadays.˙◠˙

[aioc]

I supported your flag,

This is really painful. I actually don't understand why he defaulted on the loan, even if getting paid from such a good signature campaign.
Seeing all this, I am not even sure if being involved in a sig campaign is worth it, lending board has become risky nowadays.˙◠˙

It's easy to understand if it were thousands of dollars, and the payouts in the signature campaign could take several months to pay off the loan, or if he were kicked out of the campaign, and he has no means to pay the loan, but he is still in the campaign based on the campaign spreadsheet and the campaign has a potential to go long term.

[logfiles]

Sorry for the loss @shasan

I don't know what magnitude of greed some of the members have. Imagine having a farm of accounts that are all enrolled in signature campaigns and then going ahead to acquire loans using all those accounts but then not wanting to pay up.

A very stupid move by Xcode7.

[examplens]

I'm sorry to see yet another case of non-payment of loans. Taking into account all the facts and the matter with multiaccounting, I think that this case will have a very difficult positive outcome.

What's strange to me is that in a very short period of time, you approved two loans for Xcode7. Isn't it an alarm if someone is asking for a new one on an existing loan? I noticed that there are more similar cases, some even borrow from other members (through a private deal), even though they have an open loan with you.

Loan Amount: 200 USDT (TRC20)
Loan Purpose: Personal
Loan Repay Amount: 215 USDT
Loan Repay Date: 1 month
Type of Collateral: None
USDT TRC20 Address: TWNm4EgNSBGyaM51hyvtnJnctYLWuq4MNV

Loan Amount: 200 USDT (TRC20)
Loan Purpose: Personal
Loan Repay Amount: 220 USDT
Loan Repay Date: 16 Januari
Type of Collateral: None
USDT TRC20 Address: TWNm4EgNSBGyaM51hyvtnJnctYLWuq4MNV

[albon]

I'm sorry to see yet another case of non-payment of loans. Taking into account all the facts and the matter with multiaccounting, I think that this case will have a very difficult positive outcome.

What's strange to me is that in a very short period of time, you approved two loans for Xcode7. Isn't it an alarm if someone is asking for a new one on an existing loan?

I suspect that the lender may not have noticed the existing loan that this scammer had not repaid, so he granted him another loan. The first loan is supposed to be repaid before granting a second one.

In this case, since a new loan was requested after 12 days, the OP should have denied the request, as the existing loan had not been repaid.

I noticed that there are more similar cases, some even borrow from other members (through a private deal), even though they have an open loan with you.

Yes, this has happened many times, and any member who is thinking of giving someone a loan should check the borrower’s feedback ratings. If they find that the person previously borrowed and did not repay, they should refrain from granting any new loan during this period.

[The Cryptovator]

Flag support and leave negative feedback. It seems that the user plans to default on loans for a long time. Notice from your feedback he has repaid the loan before and taken it again. The last loan he defaulted on, and probably he will leave the forum as well, or we may see him come here with an excuse if he wants to repay it. Because since he has gotten a couple of negative feedbacks and the flag has been raised, the account won't use it here to earn or cheat anyone on the forum. But you lost funds; that's the real risk of non-collateral loans. Sorry for your losses. You need to be careful when lending a bigger amount as a non-collateral loan.

[JeromeTash]

I suspect that the lender may not have noticed the existing loan that this scammer had not repaid, so he granted him another loan. The first loan is supposed to be repaid before granting a second one.

In this case, since a new loan was requested after 12 days, the OP should have denied the request, as the existing loan had not been repaid.

A bit confusing, though. (220+215)= $435 and not $415
And when I checked the reference thread for the second loan, it looked like he had just paid interest and carried forward the existing loan for a new month?

The 15$ interest has been paid.
Internal transaction.
Extension until 2026-02-04

Received and extended the loan for a month. For any of your loan you will be charged 30% per month if you need any more extension on any of your loan. To avoid extra fee please repay the loan on or before the due date of the loan.

What's strange to me is that in a very short period of time, you approved two loans for Xcode7. Isn't it an alarm if someone is asking for a new one on an existing loan?

Apparently he paid the first one but then quickly borrowed another in a space of 12 days, which is very suspicious. he was just planning to exit scam.

Loan Amount: 200 USDT (TRC20)
Loan Purpose: Personal
Loan Repay Amount: 220 USDT
Loan Repay Date: 16 Januari
Type of Collateral: None
USDT TRC20 Address: TWNm4EgNSBGyaM51hyvtnJnctYLWuq4MNV

Previous loan repayment confirmed in full and I have accepted your loan request and sent USDT to your wallet. Please check your account balance. Please repay on or before the due date to TFn3i5U1MTVRJ1KubzsFto4RcZgA7WEAFS

[Dr.Osh]

My condolences bro, please be more careful when you want to lend money to forum members