Post
Topic
Board Lending
Topic OP
Magic Loans & Escrow
by
Magic8Ball
on 20/10/2014, 19:57:24 UTC
I am willing to lend if you have solid collateral and/or high trust. Jr. Member and lower accounts are not acceptable as collateral.
Post requests at least above 0.06 BTC.

Post requests here mentioning amount needed, term and interest.

Loans need to be repaid to 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp

*Opening a new thread as the earlier one was a self-moderated thread https://bitcointalk.org/index.php?topic=828925.0

*Added on 23/10/2014: If you default on loan, the collateral will be liquidated and the income kept in full unless a request for an extension with an additional interest is accepted. Depending on the initial collateral provided, you may be asked to submit a fresh collateral over and above the existing one.

*Added on 31/10/2014: I see that there are quite a few new loanees here who are being asked to keep collateral in escrow. I can do that if anybody is interested.

*Added on 4/11/2014: The late fee is a flat 0.01 BTC a day unless it is negotiated.