Post
Topic
Board Lending
Re: Offering INTEREST FREE Loans Up To 1BTC--Collateral and Positive Trust Required
by
ducatitalia
on 05/12/2014, 03:23:42 UTC
Details of loan made to arklan on December 4, 2014:

LOAN IS FUNDED.

contributors:
marcotheminer 1btc repayment 1.2 btc by jan 30th
jonald_fyookball .5 btc repayment .6 btc by feb 15th
ducatitalia 1 btc repayment 1.2 btc by feb 15th

EDIT: TL;DR: still seeking 1.5 btc - got 1btc with .5 offered if fully funded. exhausted other options. check the end of the thread.

OP:
so, i find myself slightly up the creek, as it were. while working (driving for uber, like a taxi basically which is my full time income) my car got hit by a guy pulling out fro ma parking meter. damaged my passenger side doors. back one won't open, you get the idea. the guy bolted and as of yet i haven't heard any progress from the police. IF they find him, it'll be ages before there's any money pulled out of him due to the legal process.

in order to get back to work, i'm having to cover the $1000 insurance deductible to get repairs done. it's also taken them nearly three weeks to get the appraiser out to look at the car and such. i'm probably looking at another week or more out of work. my savings are dried up. i've got the usual bills to cover... car payment, insurance, cell phone, food, (not rent thankfully) so i also need a few hundred to cover those expenses.

to sum up: need $1500 usd, interest of 15%, once i actually get back to work, i should be able to repay about $150 usd (bitcoin equivalent, of course) monthly at a minimum. with any luck the cops will find the guy and get the money from him...

since i'm asking for btc, the loan would be repaid in btc, even if the price sky rockets or whatever.

EDIT: people down thread have suggested i take the loan in USD instead. that's fine. anything is fine. i just need my car fixed.

EDIT 2: got some living expenses sorted out, but still need the deductible. i've spoken with a bank about a personal loan, but my credit here and my credit with banks and the like are very different things... EDIT: loan was denied.

I can lend you 1BTC.  Given your extensive history, positive Trust and Legendary status, I'll agree to similar terms as marcotheminer, with a couple of mods:  Repayment of 1.2BTC by midnight GMT on January 30, 2015.  For each additional day beyond January 30, 2015 an additional 0.1BTC will be owned. I don't like loans hanging out there indefinitely.  No term changes regardless of Bitcoin price fluctuations in either direction.  Please confirm that these terms work for you and if so, please repost pay-to address where you want loan sent to in your reply to this offer, in order to make sure there are no misunderstandings.  

Here is my lending thread: https://bitcointalk.org/index.php?topic=871938.0

making repayment by then - to both of you... that's difficult. like, a lot. i need to think on this.

How much more time would you need...more interested in hard end date than getting any additional fees...

two more weeks? heck, one more even.

Not a problem.  End date of February 15, 2015 then...all other provisions remain the same--save for one more addition...Positive Trust will be left by both lender and borrower upon loan repayment and successful transaction completion.  Trust is of utmost important.

trust was a given. not a problem. address is 1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

1BTC loan sent to 1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb.  Transaction confirmation here:
https://blockchain.info/tx/b720aeaae5b1ebf9bf5b9193f5a600331528dca7bbf175c8555c6623f0e7831a

Please confirm receipt.

Loan Amount: 1BTC
Amount to be Repaid: 1.2BTC (if late, an additional 0.1BTC to be paid for each day after due date).
Due: Midnight GMT on February 15, 2015  

Repayment address is in my sig: 1LUwMs4QJNPWZmaSrD4Uk8SrHSkbaGvqt4

confirm all of the above.