What do you mean by "waive off loan"? Did not you received the collateral?
If you are distributing $10 for free (as I found in some previous thread) then you are just giving encouragement to the scammers in this forum.
I have no interest in his collateral and don't mind returning it back to him. Its my money, my friend. When someone tells they are in need, i would like to help if i can. Its onto them if they lied or where they utilized the funds. Everyone needs money for some or the other reason.