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.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.
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!
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.
https://btcjam.com/listings/39274 has first investment 2015-03-29
https://btcjam.com/listings/39364 has first investment 2015-03-30
https://btcjam.com/listings/39591 has first investment 2015-04-01
https://btcjam.com/listings/39474 has first investment 2015-03-31
Yes it must be a bug but i saw also that it still exist on investing section the choice 7-30 days when i filter loans, probably they will remove the 7 or replace it with the new days added after this loans will be funded/activated..Anyway i dont know what is your opinion but i really dont like most of their changes special the fix rate which will make many good borrowers to avoid loaning, example Craig already delete his big one...and the notes now, did you check it?I am sure for the defaulted notes but i don't know for the overdues, i know that selling defaulted notes sounds like a ponzi because in many cases the last one burned but there are members which buying them for gambling as the difference of the price can touch 0.01% or investing in members like Mac, gas7uazz which are near to deafaulted but still looking for a solution.
Kind Regards,
BTC-Bank.