Each answer is a Credit Default Swap for a specific borrower or loan. Each CDS resolves Yes if the borrower is 30 days late on a loan payment due in 2025. If the creditors give an extension or forgive a loan, the loan will not be considered late.
Exact terms TBD. I will not trade on this market.
Let me know if you don't want a CDS
created about you and I will N/A it.
1,000People are also trading
@amitiscool i guess i bought credit default swaps for the wrong year. you are borrowing at INSANE rates, but wont have to pay anything in 2025 😭
how is 10 percent insane? and yea i will have to make monthly payments but they are pretty low, the big full loan payments are due next year tho. so yea. lol if u just want lend 250 youd made more returns then just this market lo.
theres also my own market version of this thats at 50 percent its higher ROI for you.
https://manifold.markets/amitiscool/will-amit-fail-to-repay-any-loan-by
@amitiscool 10 percent and monthly payments are insane because your all time profit is in the negatives, so you wouldnt even be able to pay those monthly fees without borrowing more
@ahalekelly if you dont want me to trade on this please do tell, I am willing to stay out of this, I just wanna see how the market will react to my actions.
self promoting my loan wants ! https://amitbhalesha.substack.com/p/loan-me-mana
instead of just doing this market you could also loan me and either make good returns or short me via that too and just let me go bankrupt.
@Robincvgr mucho gracias for your bet that i will pay my loans, but wouldnt you profit more by directly giving me the 100 and just giving me a loan?
if u want to bet against me just give me insane loan sizes you dont think i can pay then bankrupt my ass or sue me lol.
i like that offer, let me do some number crunching and Ill decide by end of day. I must inform you I have a loan with someone else aswell right now - my entire loan / debt and other info are at this substack post - https://amitbhalesha.substack.com/p/loan-me-mana
@Robincvgr do you want it all back on exactly 5 months from now or monthly payments? or some other kind of loan set up?
a 75 percent interest seems kinda high. im looking more under 50 to 20, either ud need to extend the loan time or reduce the interest rate.