Post
Topic
Board Lending
Re: Need $500 Urgent! Bitcoins Not Needed! 15% Interest will be Given! 5 Days
by
Atomicat
on 16/10/2016, 16:57:58 UTC
If you don't offer a valid collateral you won't find a lender.
Did you read the No Collateral No Loan rule?

I understood that, thank you for that message.

I just want to know that why is an collateral asked?
 
I understand when it comes to bitcoins, because if you lend bitcoins, and i dont pay bitcoins back am sure money is gone, so can you tell me in what way it happens in this case?

Even i see that people offer without collateral, am i posted wrong way?
Collateral is asked to secure the lender in case of a default.

No Collateral loans are only given to old members with a good standing.