Post
Topic
Board Lending
Re: Loan Required : 0.45 , Collateral worth 0.6 approx
by
Hatcher_alt
on 14/08/2018, 19:48:25 UTC
The collateral value for this loan has fallen below the repayment amount. DarkStar_, are you able to shift more collateral over to support this loan (ideally .1 BTC worth to bring it up to a .6 BTC margin value)? Otherwise, I must ask for the collateral to be transferred to me.

https://imgur.com/a/p8rc9TS
Hey can you just chill idk whats the hurry. As i said in past regardless of how low the collateral is i will repay all the loans. I was going to send additiomal collateral but the market literally crashed today. If possible can you just wait for a week or so. I'm trying to collect funds and repay all pending loans before this month. I know that's not right but it's just a wrong timing. I promise to pay all loans regardless of collateral.
Could you please trust me on this one for once, I won't disappoint you.
Also darkstar won't be able to transfer as the collateral he has is lower than the loan amount i owe him.

You are correct that this usually isn't the way things are done here, but I did talk to DarkStar_ after I posted this and he vouched for you and said he would cover any losses on this loan if that occurred. Most borrowers would be liquidated by this point, but I'm going to respect his judgement.