ETHLend - Taking Out A Loan Has Never Been Easier!

in #blockchain9 years ago

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Do you have bad credit? Do you have difficulty qualifying for loans at traditional banks? We've got the perfect solution! Introducing ETHLend, one of the world's first decentralized loan markets in the world. Built for the people, by the people.

Bad credit can happen to anyone, even if you've never defaulted on a loan in your whole life! Reasons for bad credit can include : Applying for new credit, checking your credit score, high credit card balances (even if you always pay them off), applying for several credit cards or loans at the same time, using only one type of credit (only credit cards, for example), and more! So, if you think that you have to "screw up" to have bad credit, think again! It really can happen to ANYONE.

So, what are the options if you do have bad credit? The Ethereum decentralized Blockchain is an option! Instead of everything being connected to each other (like your house and car is connected to your ability to qualify for an FDIC loan), ETHLend eliminates all this involvement. In order to continue qualifying for additional loans, the only thing you've got to do is pay back the original loan(s) you take out! That's it! Nothing more, nothing less!

Check Out The Benefits You Get With ETHLend

1. Accrue CRE With Every Successful Loan You Pay Back

1 CRE allows you to borrow the same amount in ETH at the ETHLend online marketplace. So successfully borrowing and paying back $500 in ETH gives you a "credit allowance" to borrow that much again. But once you pledge your CRE, it's gone, and you must earn additional CRE through the loan process to requalify for an unsecured loan. We look at CRE like a nice bonus to go along with our low interest rate on.

2. Advanced Security Protection

Keeping you safe on our ETHLend P2P lending network is one of our #1 priorities. That's why we established not only biometric ID verification but also follow Know Your Customer (KYC) and Anti-Money Laundering Directives to ensure that any attempts to defraud the ETHLend system are found immediately.

3. Low Interest Rates For Everyone

Democratizing our lending network keeps access to low interest rates a globally friendly option. No matter where you live, you can be sure that ETHLend won't have any restrictions on your country of origin.

4. Global Marketplace / No Bank Account Needed

ETHLend doesn't use traditional banking systems, economics, or politics to decide interest rates. Instead, ETHLend is a "true" global marketplace, where interest rates are decided by each individual that decides to lend money on the network.

5. Powered By The Ethereum Blockchain

ETHLend uses the very same inner core dynamics as the world famous Bitcoin and gives you the ability to "build up" your lending/borrowing reputation into something great. Many people in the world are trying to build their Blockchain reputation for the very first time. Using Blockchain accomplishments, which remain publicly accessible information to everyone, people can see if they're trustworthy to do business with or not.

For more information please visit https://about.ethlend.io/ and the Whitepaper.

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The @OriginalWorks BETA V2 bot has upvoted(0.5%) and checked this post!
Some similarity seems to be present here:
https://steemit.com/blockchain/@westonmills/ethlend-qualifying-for-a-loan-has-never-been-easier
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Cool post, thanks

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