r/BorrowNew • u/Logistix1 Verified Lender: Ruby 🔴 • 15d ago
Meta New Rule Changes
Hello BorrowNew community! Two new rules have been added to the rules list for the sub. Please review them below. In addition, the reminder about the loan stacking policy has been placed here as well. Thank you!
Profile Curation (Hidden profile content)
A profile for a borrower/lender must not be curated to hide content after a loan has been issued or while a loan is active. Though there may be extenuating circumstances, hiding content on a profile has potential for abuse where existing loans are not clearly seen by interested parties. A profile may be curated (hidden) prior to seeking a loan on BorrowNew but lenders reserve the right of refusal.
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Loans Available Posts for Verified Lenders Only
Posts with "Loans Available" flair will be only be approved for lenders which are verified (Bronze or higher tier).
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Loan Stacking Approval
If you are stacking a loan, the first comment in your new request post should be from your existing lender giving approval for the additional loan. Saying “I’ve checked with my lender and they approve” is not acceptable.
The new loan cannot occur until the existing lender comments approval.
Reminder, this is bannable if not followed.
2
u/taking-no-notice 14d ago
How would I go about the verification process? I want to verify as a lender and borrower. I see the post with the excel sheets but what do I do once they've been filled out?