Post
Topic
Board Service Discussion
Re: BTCjam - Any Thoughts or Experiances
by
BTC-Bank
on 06/04/2015, 18:19:51 UTC
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.


There is still people listing loans with payment cycle less than 1 month(every 3 days and weekly payment is still possible options) so btcjam hasent implemented the thing you mentioned that they posted on there blog the March 27, 2015.

Hello @thy! These are the previous loans which have been listed before the update, now the system let you to choose only from 30 , 60, 90 and 365days with new additional terms added 120 and 270days, also the payment cycle have change too, now is only possible for 1st, 5th and 10th.
I just check it to be sure! Smiley

Another new update on the site is that we cant anymore sell defaulted notes (i don't know if it is only temporary) did anyone notice that or found a post about this?

Kind Regards,
BTC-Bank.