FAQ

What skills can I offer?

Anything you like doing, or are good at. If you have difficulty thinking of ideas, have a look at what other members offer.

I don't have much time - can I still join?

You can use CamLETS as often or as little as you wish.

How do I use 'cams'?

If you do something for another member, they write out a cheque for an agreed amount, usually on the basis of 10 cams per hour, and you send it off to be recorded in your account.

Are transactions taxable?

Almost all LETs trading is of an 'occasional social favour' type and not taxable. Only if you trade in cams as part of your regular business would you be liable to tax.

Suppose I get into debt?

Since no 'money' is printed and everyone starts at zero, the whole system always has the same amount in credit as in debit. If you go too far into debt you will be asked to earn some cams; similarly, if you start hoarding too many cams you may be asked to start spending!

Can't the system be abused?

Not really, because it's a social network and there are safeguards (for example all accounts are published and all members sign a membership agreement on joining). Also any temporary bad debt does not affect any individual member; no member loses credit for work done.

Can I buy and sell things?

Yes, and you can advertise in our small ads or at one of our social gatherings, or on our e-mail list. It's a good way of making friends.

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