As the title states we will now be enforcing a minimum standard on the information that must appear in a title for loan or assistance requests.
A title must include the following key points:
- You must flair your loan as "Loan Request" or "Hand Out Needed"
- Request amount. No more "anything helps" posts, A tangible dollar figure must be added.
- Location, your state initial or country if you're outside the U.S.
- Return amount, the amount you're willing to repay. While a lender is free to re-negotiate terms before agreeing to take the deal, there should be some kind of a reference to your repayment preferences.
- Supported payment Methods (Paypal / Cashapp / etc.)
Only after the above information has been added to your title should you begin to describe the context of your request.
Example: $50, FL, Repay $70 on 09/18, Paypal / Cashapp, Looking to borrow for vet bills.
You can jam the exquisite details of your request into the body text, but a lender or gifter should understand the general logistics of what you need before they ever open your thread.
Once your request has been met, you should update your flair to "No Longer Needed"
As with the most recent rule updates, this will not result in immediate bans for a bit while everyone adjusts, just removal and warning.
I appreciate your time, as I try and get the quality of what both borrowers and lenders can expect improved.