Quote from: michkima on April 03, 2018, 10:47:04 PM

Quote from: VforVictory on April 03, 2018, 10:08:34 PM

Good day friend,

I've been away for quite a while and suddenly remember this section of the forum. I am not sure if you are agreeable to accept a car as collateral, but I am just in desperate need. I have bills to pay and a mortgage on the house, so the banks are trying to foreclose my house. Problem is, I am an uber driver and I need my car to generate income and the banks don't want to give me another loan. So I turn to people here on the forum. I've read the threads of the other lenders, and it seems they are not accepting any physical collateral. So I am hoping you can help me out since I did not see anything about this.

My car is about worth 14k USD, and I know it's lower than my asked amount. But I hope you can consider this, or if you can offer the highest you can give.

Hope you can help me out.

Loan Amount: 2BTC or max I can get
Interest to be paid: 5%/month
Due date: 6 months from now
Collateral Offered: 2015 Toyota Prius (I will give the papers and also sign a contract if needed)

Hello to you too friend,

Hmm, sorry to hear about your predicament, but I can't say that I can help you. It seems like you are implying you are in the USA, yes? That would mean you are half way across the globe from me, and there is really no security for me to give that loan. I would accept a valid physical collateral, but probably if it would be within my vicinity, but I would be more inclined to not really accept one and would rather prefer something digital which is easily secured like altcoins.

Another fact is that a car would be extremely hard to sell as second hand, unless you under price it by a great margin. So the price would be way lower than what you are asking, and probably you can only get up to half what you are saying it is worth though I am not sure about the veracity of the price you stated it is worth.

I know it is a hard life, but sadly I cannot help you. Please try other lenders who are in the US and thank you for your interest in my service.

I see. That is unfortunate. I hope you can reconsider my offer as it would greatly help me in my problem. I just need a little breather, so I can catch up with all the bills, I know getting a loan is just postponing the inevitable, but I think I can work over time so that I can get back up. Local loan sharks charges really way more than what people are asking here, I hope I can get someone to help out or else I might risk getting a leg broken with the sharks.

Quote from: Seetheummerallyeah on April 03, 2018, 10:51:05 PM

Quote from: michkima on April 03, 2018, 10:47:04 PM

Hello to you too friend,

Hmm, sorry to hear about your predicament, but I can't say that I can help you. It seems like you are implying you are in the USA, yes? That would mean you are half way across the globe from me, and there is really no security for me to give that loan. I would accept a valid physical collateral, but probably if it would be within my vicinity, but I would be more inclined to not really accept one and would rather prefer something digital which is easily secured like altcoins.

Another fact is that a car would be extremely hard to sell as second hand, unless you under price it by a great margin. So the price would be way lower than what you are asking, and probably you can only get up to half what you are saying it is worth though I am not sure about the veracity of the price you stated it is worth.

I know it is a hard life, but sadly I cannot help you. Please try other lenders who are in the US and thank you for your interest in my service.

I wouldn't accept a car as collateral either but I just want to let you know used cars sell like hotcakes especially Japanese brands (Toyota and Honda retain their value the best).

He probably is not from the US so he doesn't really know, what Michkima said probably was based on his country. Thank you though for backing up my application.