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Author Topic: Beware 'LendingTree'  (Read 838 times)
rapeghost
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May 06, 2014, 04:08:31 AM
 #1

Hi all,

I was involved in a loan with LendingTree.

The deal was:

I'd give him my daily 12x220 Riecoin payouts plus my current RIC holdings in exchange for a $1000 loan.

He responded quickly and was quite polite, until he had my coins.

Then it was one problem after another, then he claimed he had to 'go home cause his kids were there' and he had told me he came straight from work before.

To make a long story short, he took my collateral, strung me along for a few hours, then stopped responding.

If he decides to make good on this loan, I will remove this thread but I'm not holding my breathe. Please be careful.

It should also be noted I needed this loan for a rent payment on my apartment, which I can no longer pay and am evicted as of 9AM tomorrow morning.

When it rains it pours.

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lakzo
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May 06, 2014, 04:21:43 AM
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Always use escrow when dealing with collateral and loans.  It is extremely easy for lenders with even good reputation to run off with your collateral. Some lenders will even prolong their lending "operations" until they reach a level of permanence on a thread that makes them seem reputable.

Trust me, I know Wink
Vod
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May 06, 2014, 04:29:03 AM
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That user is a newbie.  Why would you send him collateral?

https://bitcointalk.org/index.php?topic=577765.0

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bitcoinwonders010
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May 06, 2014, 06:42:06 AM
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lending tree was the same dude who tried to scam me first. i was telling him due to his account status i shall not send you coins, i will have tomato cage hold them, so i decided not to give it to him. i made the mistake of giving it to account with good status but you should never had gievn it to  newbie
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May 06, 2014, 02:54:58 PM
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Oh Sad you had to dealt with reputable member !!
sonysasankan
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May 06, 2014, 04:02:27 PM
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I knew there was something fishy about him him. He was trying too hard to sound offended when I mentioned some escrow names to him for a loan. Granted it was slightly my fault at not noticing that Vod was mentioned as an escrow in between a conversation, but to by defense, he did not even bother to mention that fact on the OP even after that little friction... which is always a red flag. I just recently noticed he's locked that original thread after that betting accusation happened  Cheesy

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May 07, 2014, 02:25:20 AM
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Quote
It should also be noted I needed this loan for a rent payment on my apartment, which I can no longer pay and am evicted as of 9AM tomorrow morning.

THat sucks, I am doubtful that the user even had enough BTC for loaning to begin with.
He was a complete newbie, I have no idea why you decided to take the enormous risk and send your collateral directly to him.
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May 07, 2014, 04:46:35 AM
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My guess is that necessity took precedence over logic in this case - you needed the money so badly that you were willing to overlook possibility of a scam. There isn't much advice I can offer aside from using escrow next time or dealing with more reputable members - you hav my condolences of course.
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