hi
i have try in the past to take a loan with collateral, but with no success
unfortunately there is no p2p lending service with collateral yet
now about
http://blog.btcjam.com/"Payment cycle options reduced
Four payments a month is just too many
and if you miss a payment, it could hurt your credit score. Our new monthly loans make repayment easy as it matches your schedule. Payments are only on a monthly basis only."
i always pay in these 3 loan per week never had an issue, all times pay days early or on the time.
If they want to help they can leave payment per week and 15 days. Some investors like to receive their payment per week or asap.
Well what collateral did you mean, was a valid one?(example altcoins or a big rate account) did it cover the amount and the interest and where?here or on BTCjam?I see that you have a negative trust from @Vod for asking a 50BTC on Jam, i rememeber that loan and i undarstand everyone with concerns when you come and ask for 50BTC with out any reputation on BTCjam for the investors or a valid project+collateral to secure it from here.I remember that we have add you on a private investors group (with wellknown members from BTCjam) to discuss your loan and help fund you but with no success as you never responded.Anyway about the weekly payments i understand that, i had many weekly loans in the past but it is also the same in the end, if you keep every week and make one payment per month, weekly payments was better for investing but again you can take a loan and make a payment or more (weekly) earlier to award your investors so it is something you can fix your own...The mainly problem i beleive is the fix rate which in some cases you cant accept it... and the time to review the loan.
P.S.:About your negative trust i beleive that if you explain your project and intensions to @Vod and discusses it, i am sure that he is willing to remove it.
Kind Regards,
BTC-Bank.