Loan durations on MC-Market

[Justis]

Hey there,

I'm a bit short on time, but I'm extremely interested gathering information on the duration of loans in our market.
Note, I'm talking about loans, not investments.
Additionally, the data should include only loan durations willingly agreed upon by both parties. Not the duration of loans after the borrower failed to return on time.

So if you've offered loans in the past, or if I could have a few members go through as many requesting and offering threads in the investments and loans forum to find any printed durations and return to this thread to make a post with their findings, that would be extremely helpful.
https://www.mc-market.org/forums/mc-loans/

This information has the potential to influence future policies MC-Market adopts to protect borrowers and loan issuers, so please take it seriously.

Thank you to anyone who contributes.

 

[Louwtjie]

Hey there,

I'm a bit short on time, but I'm extremely interested gathering information on the duration of loans in our market.
Note, I'm talking about loans, not investments.
Additionally, the data should include only loan durations willingly agreed upon by both parties. Not the duration of loans after the borrower failed to return on time.

So if you've offered loans in the past, or if I could have a few members go through as many requesting and offering threads in the investments and loans forum to find any printed durations and return to this thread to make a post with their findings, that would be extremely helpful.
https://www.mc-market.org/forums/mc-loans/

This information has the potential to influence future policies MC-Market adopts to protect borrowers and loan issuers, so please take it seriously.

Thank you to anyone who contributes.

Loans ranging from $1-$15
- Calculated time via 20 recent threads : 8.56days (All days including weekends not just business days)

Loans ranging from $15-$30
- Calculated time via 13 recent threads : 14.65 days (All days including weekends not just business days)

Loans ranging from $50+

- Calculated time via 6 recent threads : 16.58 Days.

Loans ranging from $100+ (Note this includes 3 where users asked for above $250)

- Calculated time via 7 recent threads: 23 days + (Can say a month)

If you'd like a spreadsheet with more information just hit my discord I don't mind helping if it means loans would be regulated more by management.

 

[Louwtjie]

holy shit are you the genius of MCM or what?

I'm not its very easy to calculate it took me like 10 minutes.. I'm someone that cares about the community and have noticed how many people (Including myself) has lost money due to users unethical and fraudulent activity. So if this means that MC-M will place new policies in place to safeguard users against these "Scammers" then so be it, I don't mind putting the work in to see that happen.