When is it useful to borrow bitcoin? Considering that it is really hard to get a loan here on this forum even with escrow, and the plentiful amount of scammers floating around here, is there really a great reason to even bother getting a loan here? I mean unless you're flat broke I could understand but even still it's an uphill battle. It's way easier to take out a cash advance in an emergency. I suppose if you're dealing with a trusted borrower and trustworthy escrow you may have a chance in obtaining your funds. Other than that, it can be difficult for a scam-less transaction to take place.
Honestly, seriously consider not taking a loan unless the item you want to buy is close to the money you currently have and you can pay back almost immediately, to avoid several problems of which i will list a few
First off, i personally wouldn't trust this forum at all as no safety checks that banks provide are in place, secondly, the interest rate will be huge so if you can't pay back the SMALL amount immediately you will probably be in a worse state than when you started, please be careful