Quote from: condoras on July 29, 2016, 01:31:30 PM

Quote from: knightkon on July 29, 2016, 11:42:41 AM

People are not lazy to understand nothing here. If they are providing collateral to secure the loan you will be giving, then there is no reason you should be taking 50% of the profits they are making. They are taking all the risks here, not you, so why should they pay you 50% of profits when they can simply pay someone else a monthly interest rate based on the funding they are seeking?? You might be funding the money, but you are taking no risk here other then your loan not being repaid, which you have security in the form of collateral to recover your losses.

Lets make it simple for all of you who are looking at this scam artists attempt to take 50% of your funding.
I have opened new thread for interested lenders to borrow funds for lending. The interest rate will be set at 9% per month as long as you have to proper collateral to secure the funding.
Here is the thread link: Knight & Day Commercial Loan Service

Just to break the funding down for you (Please keep in mind this is based on getting enough qualified loans to fund and that they pay you back properly):
- - The average loan is 7 days. This allows you to lend out and recover your funding 4 times with in a months basis.
- - The average interest rate is around 10% per loan.
- - With 1 BTC, you can loan out 4 times per month as long as you loan to people who pay you back.
- - This allows you to collect .4 BTC or more per month in interest.

Jacob70 Loan Process - Based on the above calculations:
- - You collect .4 BTC per month in interest fees
- - You pay him .2 BTC per month

Knightkon Loan Process - Based on the above calculations:
- - You collect .4 BTC per month in interest fees
- - You pay him .09 BTC per month

So if you have the proper collateral to secure loan funding from him, do not bother and come to me, I will not keep 50% of your profits and I will give you a better rate and I have history with this and securing collateral.

Well, i have to admit that is tempting...
I have though two questions.

1. If you fund someone with 1 BTC and in the whole month have stil 1BTC, no profit - no losses, you still get your %?

2. If someone provides a "good", valid collateral but the borrower / partner of yours dont know how or where to liquid it...Can you help him? You will have any kind of support role?

Very valid questions. First let me state, I am always here to support borrowers. You do not even have to be my borrower or a lender under me, and I will still support you. So let me know answer your questions:
1. Yes, you are still responsible for the 9% fee every month for the loan you are taking from me. I am assuming that you would not be borrowing that much to lend out to others unless you knew what you were doing.
2. If you have collateral that was used to secure a loan and that borrower leaves you hanging, I will assist you in getting rid of your collateral.
If you have any other questions, please do not hesitate to ask. You may want to post on my thread, since this is not my thread, I just had to put a stop to someone trying to put all the risk onto someone else and keep 50% of the profits.