ETHLend - Qualifying For A Loan Has Never Been Easier!

in #blockchain6 years ago (edited)

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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 ever created, built for the people, by the people.

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

Well, then what are the options if you do have bad credit? The Ethereum decentralized Blockchain is friendly to newcomers, regardless of your credit history! It doesn't matter if you have bad credit, because the Ethereum Blockchain isn't connected or affiliated with the FDIC in any way! It's a real chance to make a brand new start!

Let us explain in a bit more detail. Instead of everything being connected to each other (such as your house and car being connected to your FDIC loan status), ETHLend eliminates this kind of involvement entirely. In order to qualify for additional loans, all you've got to do is pay back the ones you take out! That's it! Nothing more, nothing less!

Check Out Some Of The Benefits You Get With ETHLend

1.ETHLend Uses Fraud-Proof Collateral Tokens - One of the best parts about using the ETHLend network is collateral tokens. In order for a borrower to actually gain access to the amount they've just borrowed, they must pay back the loan amount in full, FIRST. Then they're free to withdraw and use the tokens how ever they see fit. You can use any ERC20 compatible token as collateral.

2. Accrue CRE With Every Loan You Successfully Pay Back - With every .1 CRE you pay back, you qualify to borrow an equal amount of ETH through the ETHLend lending network. So, .1 CRE equals .1 ETH in loan qualification ability. 500 CRE equals 500 ETH in loan ability, and so on.

3. Use The Uport Self Sovereignty Identity Tool Option - Identity based lending is a third option you have at ETHLend. How does Uport work? Uport puts users in control of their own identity file. How well they build their identity "reputation" across the entire Ethereum Blockchain can qualify the for a loan based on that alone. The Uport self-sovereign identity tool is the most popular way to establish and manage your new Ethereum identity.

4. Improve Your Reputation On The Ethereum Blockchain - Every action you take on the Blockchain is publicly viewable by anyone, anywhere. Accomplishments are rewarded with worldwide recognition and increased financial leverage for you. When you take out a loans and successfully pay them back using ETHLend, it improves your publicly viewable reputation. The more you accomplish in the Blockchain, the more opportunities you'll have available.

Visit ETHLend official website: https://about.ethlend.io/

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