Hello, I have decided to try offering some short term loans for those of you in desperate need. Decisions should be typically made within 24 hours.
Loans With Collateral: Maximum 1 BTCCollateral must at all times exceed 110% of the value of your outstanding balance or else I will try to sell it (think of it as a margin call). If you want to reduce this risk you can over collateralize. This is recommended. I decide what constitutes acceptable collateral.
1 Week: 5% Interest
2 Weeks: 10% Interest
3 Weeks: 15% Interest
1 Month: 20% Interest
All members eligible.
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Loans Without Collateral: Maximum 0.25 BTCDifferent members can borrow different amounts. Note interest rates are going to be pretty high here.
1 Week: 10% Interest
2 Week: 20% Interest
3 Week: 33% Interest
1 Month: 50% Interest
Other: Not Available
Full Member: 0.05 BTC max
Sr. Member: 0.15 BTC max
Hero Member: 0.25 BTC max
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You're always charged to the nearest week, rounded up. By "month" I mean 30 days. If you can't repay after this point you have to pay back at least interest and I will renew your loan. See how in collateral loans I give you better rates if you borrow for longer periods? That's because there's some overhead in setting up these loans. Notice how in non-collateral loans I do the opposite? That's because I stress if I don't see payment for a month
. After any given week you're welcome to make a partial payment which will reduce your principal & interest charged the next week. Borrower assumes shipping/tx fee/other costs like that.
If you want to stay private I won't give your details away so long as you meet the terms of the loan. If you want to exceed the no-collateral limit for your membership status try contacting me, maybe we can work something out.
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PUBLIC
Open LoansYour loan won't be put here if you don't want it to be.
User: BitcoinTraders
Amount: 0.07
Address: 1Pktp5gCfi44WhNwgZV7oCtMMiWuJ8cwEA
TXID: 7c986f647d7c5c83046add8a0887848f89783ce7c49908f9aa882c927ced1814
Current Tier: 1 Week No Collateral (10%)
Expected Tier: 1 Month No Collateral (50%)
User: BuyMyDreamHome
Amount: 0.10
Address: 14e8c2CDcfSaFE7q46dcM41wLRt18eMJ8z
TXID: 71832bf298acdc0f36bd3c3c35ac4e4d8a57c77ca653ab06588a42e5c9179259
Current Tier: 1 Week No Collateral (10%)
Expected Tier: 1 Week No Collateral (10%)
User: GBattaglia
Amount: 0.05
Address: 128tavGJa8QfAnGiZLwfjWp57hn3q3HK5F
TXID: 5aab5899ad78aaf834c619779c6d7fe62f2b53473efb4f79c4bb63d5acccf088
Current Tier: 1 Week No Collateral (10%)
Expected Tier: 1 Week No Collateral (10%)
User: Jaaawsh
Amount: 0.03
Address: 15BJytM7EP2kRNYH17Xs9rikWxzWULeHC4
TXID: d37ff6bbbea8f48e11f068ca2f02e58359ff5de5f32088dbffb380188330bbd6
Current Tier: 1 Week No Collateral (10%)
Expected Tier: 1 Week No Collateral (10%)
User: justdave3996
Amount: 0.02
Address: 1D3TqZeXwVErzwAvk1NcUBY8bhq1HnDqrv
TXID: 08755df933c7d6cda4412950f88ed181584165ce963e09c34926f23e94e3ef4b
Current Tier: 1 Week No Collateral (10%)
Expected Tier: 1 Week No Collateral (10%)