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Author Topic: Looking for 1.3 BTC collateral  (Read 752 times)
lucates
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January 05, 2015, 10:16:28 AM
 #1

I need a loan 1.3 BTC at one month.
Return: 1.5 BTC
Collateral: picture ID card
Purpose: electricity bill

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Bitcoin_BOy$
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January 05, 2015, 01:13:30 PM
 #2

Anyone one can take a capture of an id card  Undecided . plus you can photoshop it .
This can't be a colletoral .

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redsn0w
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January 05, 2015, 01:14:44 PM
 #3

I need a loan 1.3 BTC at one month.
Return: 1.5 BTC
Collateral: picture ID card
Purpose: electricity bill

Picture id card is not a valid collateral , can you provide a valid collateral ?
lucates
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January 05, 2015, 01:33:11 PM
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I do not know what are the best. Photo ID card can do, at any time, along with the date and at the face to make it credible.

I add a bill for the internet to confirm my address.

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January 05, 2015, 01:35:34 PM
 #5

I do not know what are the best. Photo ID card can do, at any time, along with the date and at the face to make it credible.

I add a bill for the internet to confirm my address.

Your intentions may be good, but what happens if you are unable to pay? The photo ID is useless to the lender in that situation.
Collateral needs to be something that the lender can liquidate to recover the loan+interest in case of default.
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January 05, 2015, 01:44:27 PM
 #6

I do not know what are the best. Photo ID card can do, at any time, along with the date and at the face to make it credible.

I add a bill for the internet to confirm my address.

Your intentions may be good, but what happens if you are unable to pay? The photo ID is useless to the lender in that situation.
Collateral needs to be something that the lender can liquidate to recover the loan+interest in case of default.




I do not have anything like that. If I had I would have sold it.

josef2000
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January 05, 2015, 11:24:13 PM
 #7

So dont borrow that mich btc then  Wink

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January 05, 2015, 11:27:10 PM
 #8

Not a valid collateral. 
What is a collateral?  Let me google that for you:

http://lmgtfy.com/?q=collateral+definition
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January 06, 2015, 01:24:43 AM
 #9

please change the title of the post. 
ID is not collateral.

jeffersonairplane
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January 08, 2015, 12:28:28 AM
 #10


Collateral: picture ID card


sorry, you'll have to do better than that. nobody can confirm if the ID you have is even real. And what if you default? loaner will have your picture ID to do what? sell it for a few bucks on the blackmarket? Doubtful.

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