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Author Topic: Doing micro loans, with and without collateral // Must be jr member+ or no deal  (Read 1239 times)
TheGr33k (OP)
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August 20, 2014, 04:40:51 AM
Last edit: August 22, 2014, 04:38:53 AM by TheGr33k
 #1

Well I had no coins for quite a bit, however I got about 40 dollars worth and want to do small micro-loans. Here are my rates, if you cannot reach them then we may be able to reach a agreement.

Without collateral

- Max 0.005
- Must be Full Member+
- Must have good trading system

Rate is 10% per day
Max loan time is 2 weeks

With collateral
I accept gamblers, must make a pretty darn good collateral and intrest rate.

- Max 0.02
- Must be Full Member+

Rate is 5% per day
Max loan time is 2 weeks
Collateral must be 115%

Note: if the loaned money is not send within the agreed time frame, you will owe 15% per day, I have the right to collect the collateral any time after the payment is late

If the collaterals value decreases 10% then I will collect the money.

DO NOT PM ME, ALL REQUESTS MUST BE VISIBLE FOR PUBLIC

I will not provide a template, someone who deserves a loan should be capeable of writing one out on there own.
seandaniel
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August 20, 2014, 05:06:18 AM
 #2

Well I had no coins for quite a bit, however I got about 40 dollars worth and want to do small micro-loans. Here are my rates, if you cannot reach them then we may be able to reach a agreement.

Without collateral

- Max 0.005
- Must be Full Member+
- Must have good trading system

Rate is 5% per day
Max loan time is 2 weeks

With collateral
I accept gamblers, must make a pretty darn good collateral and intrest rate.

- Max 0.02
- Must be Full Member+

Rate is 10% per day
Max loan time is 2 weeks
Collateral must be 115%

Note: if the loaned money is not send within the agreed time frame, you will owe 15% per day, I have the right to collect the collateral any time after the payment is late

If the collaterals value decreases 10% then I will collect the money.

DO NOT PM ME, ALL REQUESTS MUST BE VISIBLE FOR PUBLIC

I will not provide a template, someone who deserves a loan should be capeable of writing one out on there own.

Nice offer  but i think 10% perday is too much..
Buybtc4PP
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August 20, 2014, 05:20:09 AM
 #3

Well I had no coins for quite a bit, however I got about 40 dollars worth and want to do small micro-loans. Here are my rates, if you cannot reach them then we may be able to reach a agreement.

Without collateral

- Max 0.005
- Must be Full Member+
- Must have good trading system

Rate is 5% per day
Max loan time is 2 weeks

With collateral
I accept gamblers, must make a pretty darn good collateral and intrest rate.

- Max 0.02
- Must be Full Member+

Rate is 10% per day
Max loan time is 2 weeks
Collateral must be 115%

Note: if the loaned money is not send within the agreed time frame, you will owe 15% per day, I have the right to collect the collateral any time after the payment is late

If the collaterals value decreases 10% then I will collect the money.

DO NOT PM ME, ALL REQUESTS MUST BE VISIBLE FOR PUBLIC

I will not provide a template, someone who deserves a loan should be capeable of writing one out on there own.

Nice offer  but i think 10% perday is too much..
I think if anything he should switch the rates around, and have the interest % total the amount loaned

"Without Collateral 10%" each loan

"With Collateral 5%" each loan
TheGr33k (OP)
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August 20, 2014, 12:36:45 PM
 #4

Well I had no coins for quite a bit, however I got about 40 dollars worth and want to do small micro-loans. Here are my rates, if you cannot reach them then we may be able to reach a agreement.

Without collateral

- Max 0.005
- Must be Full Member+
- Must have good trading system

Rate is 5% per day
Max loan time is 2 weeks

With collateral
I accept gamblers, must make a pretty darn good collateral and intrest rate.

- Max 0.02
- Must be Full Member+

Rate is 10% per day
Max loan time is 2 weeks
Collateral must be 115%

Note: if the loaned money is not send within the agreed time frame, you will owe 15% per day, I have the right to collect the collateral any time after the payment is late

If the collaterals value decreases 10% then I will collect the money.

DO NOT PM ME, ALL REQUESTS MUST BE VISIBLE FOR PUBLIC

I will not provide a template, someone who deserves a loan should be capeable of writing one out on there own.

Nice offer  but i think 10% perday is too much..
I think if anything he should switch the rates around, and have the interest % total the amount loaned

"Without Collateral 10%" each loan

"With Collateral 5%" each loan
Yeah that is what I did, my first post had collateral overtop, messed up switching over, fixed
seandaniel
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August 20, 2014, 03:56:29 PM
 #5

requesting for a 0.02BTC loan payable for 5 days or early

here's my address.
19DzmAHzmimHDXTcpvViPH2MzdK7v96gGB


Thanks
TheGr33k (OP)
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August 20, 2014, 04:03:44 PM
 #6

requesting for a 0.02BTC loan payable for 5 days or early

here's my address.
19DzmAHzmimHDXTcpvViPH2MzdK7v96gGB


Thanks
I need a reason for the loan, plus a collateral for 0.02 btc, I can set up a mm
seandaniel
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August 21, 2014, 12:33:03 AM
 #7

requesting for a 0.02BTC loan payable for 5 days or early

here's my address.
19DzmAHzmimHDXTcpvViPH2MzdK7v96gGB


Thanks
I need a reason for the loan, plus a collateral for 0.02 btc, I can set up a mm

nevermind. i don't need the loan.

Thanks
KWH
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August 21, 2014, 02:25:40 AM
 #8

Well I had no coins for quite a bit, however I got about 40 dollars worth and want to do small micro-loans. Here are my rates, if you cannot reach them then we may be able to reach a agreement.

Without collateral

- Max 0.005
- Must be Full Member+
- Must have good trading system

Rate is 10% per day
Max loan time is 2 weeks

With collateral
I accept gamblers, must make a pretty darn good collateral and intrest rate.

- Max 0.02
- Must be Full Member+

Rate is 5% per day
Max loan time is 2 weeks
Collateral must be 115%

Note: if the loaned money is not send within the agreed time frame, you will owe 15% per day, I have the right to collect the collateral any time after the payment is late

If the collaterals value decreases 10% then I will collect the money.

DO NOT PM ME, ALL REQUESTS MUST BE VISIBLE FOR PUBLIC

I will not provide a template, someone who deserves a loan should be capeable of writing one out on there own.


I strongly suggest any and all collateral be held by a trusted third party escrow.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
TheGr33k (OP)
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August 21, 2014, 01:18:45 PM
 #9

I strongly suggest any and all collateral be held by a trusted third party escrow.
It will be.
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