Lines of Credit?

Bitcoin Forum

May 12, 2024, 06:00:53 AM

Welcome, Guest. Please login or register.

News: Latest Bitcoin Core release: 27.0 [Torrent]

Home

Help

Bitcoin Forum > Economy > Marketplace > Lending > Lines of Credit?

Pages: [1]

« previous topic next topic »

Author

Topic: Lines of Credit? (Read 928 times)

gregwtmtno (OP)

Member

Offline

Activity: 77
Merit: 10

Lines of Credit?

February 03, 2012, 08:39:49 PM

Would anyone be interested in doing lines of credit? When I launch my site, BtcBuckets.com, the site will be able to automatically deduct interest payments based on how much money you've borrowed.

I figure this will reduce the need to keep taking out new loans and you only pay interest on what you actually take out. With my site, anyone can be a lender to offer credit.

The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

SgtSpike

Legendary

Offline

Activity: 1400
Merit: 1005

Re: Lines of Credit?

February 03, 2012, 08:43:56 PM

I think it's a good idea, but I'm not interested myself. Never planning on taking out another loan again. Debt sucks.

FWIW, the only way I would ever lend Bitcoins to anyone is if a) it was a secured loan or b) I could see their credit report/history.