Post
Topic
Board Service Discussion
Re: BTCjam - Any Thoughts or Experiances
by
Paul Revere
on 28/09/2015, 21:10:20 UTC

You might want to do some homework about how a company collects and the legal frameworks that need to be accomplished if you think this is an easy task. If it was easy, you'd see many companies doing this.

We are always looking into ways we can do this in the future. Not sure what you know about collections process but it is very difficult to do this as a company. There are many legal hurdles that we'd need to accomplish in order to do this and I'm not so sure we are going to be able to do this right now. Would we want to collect for you guys? Yes. Is it something that we think about and try to figure out? Yes. Is is something that gets done in a week? Sadly not.

So, you are saying BTCjam is basically helpless when it comes to collecting on bad loans that were approved by BTCjam. Are those two things not what you are getting paid to do? IF not those two things, what exactly are you getting paid for?