Quote from: SafeBond on March 21, 2016, 01:54:58 AM

Quote from: Quickseller on March 21, 2016, 01:52:22 AM

Quote from: SafeBond on March 21, 2016, 01:38:50 AM

Ok fuck you all fucking scammers, everyone here gives his account for collateral and then never repay the loan, they disguise the account sell into a loan.

Ok i dont accept anymore forum account as collateral, since everyone who gives account in collateral is a fucking dirty scammer.

Altcoin collateral or get the fuck out of here!

Ideally you should be able to sell any collateral you receive for a loan for an amount greater then the value of the loan. This will give you protection against people defaulting on their loans, and will give borrowers incentives to repay their loans.

Of course, the collateral covers 100% the loan value, the problem is that, i dont like selling accounts, if the entire loan businesses is just selling the collateral of scammers, then its very sad.

There should be more legitimate customers here, not just scammers.

I would suggest having the collateral cover more then 100% of the loan value, especially with forum accounts. Maybe have collateral cover 150% or 200% of the loan value, that way a borrower will have more incentives to repay a .1 loan when he could get .2 by selling his account (these numbers are just an example). A few lenders actually make a business out of lending with accounts as collateral and then reselling said accounts then the borrowers default, and they have been doing this for a decent amount of time so I would think they are making a fairly decent amount of money doing so.

Sometimes people simply are not able to repay their loans because they had an unexpected expense, their income was less then expected, among other potential reasons, and this is part of the reason why collateral is required for most loans.