How do I close my loans on Crypsee and Finstep?

@mihailovna, did you take out these loans to trade on the stock market and lose everything?

mihailovna wrote: Good afternoon, everyone. I see there are some smart people here. I’d like to ask if you could advise me on how to pay off my loans with Crypsee and Finstep—they won’t budge, they’re constantly calling, and I don’t know where to get the money to pay them anymore.Please advise, because I don’t know what to do anymore. My debts are growing very quickly, and interest and penalties are being added every day. Please help.

People take out crypto loans solely to trade on the exchange when there’s a high chance of making a profit—not to end up in a hole.Why did you take out these loans? If it’s for that purpose, then just deposit more funds into the exchange and trade—but be aware of the risks. 

semen_90 wrote: They only buy to trade on the stock market if there's a good chance of making a profit, not of falling into a hole.

That's really funny, @admin, @semen_90. No, I took out those loans to pay off my MFO loans, but now I can't pay them back. I thought there might be a way to settle them so they wouldn't threaten me or charge those crazy interest rates. Can you give me some advice?

mihailovna wrote:

No, I took out a loan to pay off my debts with microfinance organizations, but now I can’t pay those back. I thought there might be some way to settle the debt so they wouldn’t threaten me or charge me crazy interest rates. Can you give me some advice?

Come on, who needs that kind of deal? What are the terms—what's the interest rate?

admin wrote: "Come on, enough already—why all these schedules? And what about the terms—what's the interest rate?"

From 400 USDT, we've already earned 2,500 in just two months

mihailovna wrote: "Out of 400 USDT, they've already credited 2,500 in just two months."

To put it mildly, that's unthinkable 

semen_90 wrote: To put it mildly, that's unthinkable

That's putting it very mildly... I don't even know how I got in there

mihailovna wrote: That's putting it very mildly... I don't even know how I ended up there

I read about them. It's really scary.

It appears that they are completely illegal in Ukraine, according to a statement from the NBU:

🌐 bank.gov.ua

Щодо ведення незаконної діяльності онлайн-сервісом “Crypsee”

Національний банк України за результатами аналізу правочинів, що укладаються онлайн-сервісом “Crypsee”, виявив у таких правочинах ознаки фінансової послуги з надання...

cryptoman wrote:

It looks like they’re completely illegal in Ukraine, according to this report from the NBU:

🌐 bank.gov.ua

Щодо ведення незаконної діяльності онлайн-сервісом “Crypsee”

Національний банк України за результатами аналізу правочинів, що укладаються онлайн-сервісом “Crypsee”, виявив у таких правочинах ознаки фінансової послуги з надання...

What's the point of that? They'll still operate, but they'll be considered illegal.

admin wrote: "What's the point of that? They'll still run it, but it'll be considered illegal."

I don't understand—if they're illegal, how can they keep operating?)

cryptoman wrote:

I don't get it—if they're illegal, how can they keep operating?)

Well, that's just how they work

@admin This is turning out to be pretty funny 

cryptoman wrote:

@admin, this is turning out to be quite funny

Maybe so. It's just not entirely clear why people take out loans like that at such high interest rates. I find that hard to understand.

admin wrote:

Maybe so. It’s just not entirely clear why people take out loans like that at such high interest rates. That’s hard for me to understand.

Apparently, out of despair. I can't think of any other explanation for this phenomenon.

cryptoman wrote:

Apparently, out of desperation. I can't think of any other explanation for this phenomenon.

Maybe so. Who knows...

cryptoman wrote:

Apparently, out of desperation. I can't think of any other explanation for this phenomenon.

No, I mean, who in their right mind would hang themselves with a noose like that??

cryptoman wrote:

No, I mean, who in their right mind would hang themselves with a noose like that??

I don't know. I can't say. 

admin wrote:

I don't know. I can't say.

Well, that makes sense

Oh, that's quite the pothole...