0.07 BTC and a Chinese law firm was engaged to draw up a legal memo and paperwork? These are truly hard times.
What about that law firms fees? An untenable arrangement for 0.07 BTC.
As for using this transaction as a reference loan in the future, I doubt lenders here will consider it as a deciding factor. For one, the transaction was one between two relatively young accounts (which might lead one to think it was an arranged loan for the purpose of farming trust). And its an unsecured or uncollateralled loan which doesnt show how you handle loans on the strength of something pledged to secure it.
If you are hoping to use this example as a way to encourage lenders to grant you future loans using the same kind of elaborate arrangement (the law firm story) it wont work. Its all about providing valid collateral here.
What about that law firms fees? An untenable arrangement for 0.07 BTC.
... and I hope this could be a reference for the future loans in this forum!
Thanks again for biulas's help, you're really awesome!
Thanks again for biulas's help, you're really awesome!
As for using this transaction as a reference loan in the future, I doubt lenders here will consider it as a deciding factor. For one, the transaction was one between two relatively young accounts (which might lead one to think it was an arranged loan for the purpose of farming trust). And its an unsecured or uncollateralled loan which doesnt show how you handle loans on the strength of something pledged to secure it.
If you are hoping to use this example as a way to encourage lenders to grant you future loans using the same kind of elaborate arrangement (the law firm story) it wont work. Its all about providing valid collateral here.