Re: [Quick service] [Check if you apply] Bitcoin Loans getline.in
1. Borrowers requested rate might be .08 percent a day on 1 bitcoin . Borrowers initial burnout will only be 30 days it Is taken out based on his requested rate of .08
So borrower now has 30 days in burnout from that 1 btc . He will be able to withdraw everything except .08 x 30 Which is the calculation for his burnout. So his min payment would have to be 2.4 percent on 1 btc .
Just to maintain his credit lines burnout .
2. Now lenders effect burnout more than you think . Lender sets lets say .16 percent that will lower the borrowers burnout to 15 days . If Lender cuts his credit line on borrower this takes away borrowers running credit line as well . Lenders coins will be paid back directly to persons account when he makes a payment .
This is only from my understanding on how the site works .
So borrower now has 30 days in burnout from that 1 btc . He will be able to withdraw everything except .08 x 30 Which is the calculation for his burnout. So his min payment would have to be 2.4 percent on 1 btc .
Just to maintain his credit lines burnout .
2. Now lenders effect burnout more than you think . Lender sets lets say .16 percent that will lower the borrowers burnout to 15 days . If Lender cuts his credit line on borrower this takes away borrowers running credit line as well . Lenders coins will be paid back directly to persons account when he makes a payment .
This is only from my understanding on how the site works .
So as a newbie you just came in and...step on this thread, as you searching...what exactly?!
Thread here is way long "dead" and if it's not, where is this admin team? Are you one of them?
Suddenly a post at a necrothread, from a noob...
Why because I am into p2p lending . Site is very well active and this caught my eye on a google search . So I joined bitcointalk to ask questions and find answers . Also how you can check if site is active is by seeing when people have last sent in payments . Also updates have happened on the site . Not to hard to find out that the site is still alive
so I had to reply .