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Board Lending
Re: need $1500 for car insurance deductible 12.5% interest
by
arklan
on 08/11/2014, 03:19:28 UTC
since i'm asking for btc, the loan would be repaid in btc, even if the price sky rockets or whatever.
I was thinking about going ahead, but then I read this. How would you pay back if price sky-rockets? I ask as someone who had a $20k debt when BTC was ~$10, and now have ~$500k in debt I probably won't be able to pay off before dying. Cheesy You should probably go for a USD-denom loan with a bank, CU, or even WU/similar transfer.

I was thinking u should shut up if u wont even making loan. u now have bad trust cuz of ur retardation.

dude, calm down.
since i'm asking for btc, the loan would be repaid in btc, even if the price sky rockets or whatever.
I was thinking about going ahead, but then I read this. How would you pay back if price sky-rockets? I ask as someone who had a $20k debt when BTC was ~$10, and now have ~$500k in debt I probably won't be able to pay off before dying. Cheesy You should probably go for a USD-denom loan with a bank, CU, or even WU/similar transfer.

my non-btc credit is very poor. that's not really an option.

and no, i'm not expecting it to get paid off by someone else. that was a fluke. ...even though he did it twice...
No - I mean you should get the loan in USD through someone here. This used to happen all the time because BTC was (and still is, even compared to the "good ole days") volatile. I'm sure there're still lenders willing to do this. Alternately, a lender might be willing to give a USD-pegged BTC loan. If I had the spare USD (... unless you can wait a couple months Cheesy) or thought the loan amount was small enough where you could probably take the hit of BTC sky-rocketing, I'd be interested in this.

well, if lenders come forward with that, i wouldn't be opposed. but i'm on a btc forum, afterall.