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Title: Updated Post by: ExoticMotors on October 03, 2017, 10:59:03 PM Updated
Title: Re: How does BTC lending work? Post by: betudontbet on October 04, 2017, 01:24:08 AM I have vehicles as collateral how would BTC lending work in regard to title loans? What are some trustworthy escrow services? I think is not going to be an easy job to find a trustwhorty escrow to hold these kind of documents, better check in your local pawn shop for money and buy bitcoins with them, high fees there probably, have not seen a loan of bitcoins using a car as collateral. Title: Re: How does BTC lending work? Post by: ThatRandom8543 on October 04, 2017, 01:45:51 AM I have vehicles as collateral how would BTC lending work in regard to title loans? What are some trustworthy escrow services? Not something you could simply do overnight due to the amount of paperwork and work needing to secure the car, check the condition, etc. If you need money and want to have the cars as a loan, best to get a real title loan from a loan service (or possibly post them as security at a bank) and like betudontbet to buy bitcoins with that loan. Youre best to read the first two post from https://bitcointalk.org/index.php?topic=577765.0 because you are also selling cars in another thread so using those same cars as collateral (even the ones listed on the site) tells people here that you have no intent of repaying. Title: Re: How does BTC lending work? Post by: betudontbet on October 04, 2017, 03:33:41 PM I have vehicles as collateral how would BTC lending work in regard to title loans? What are some trustworthy escrow services? Not something you could simply do overnight due to the amount of paperwork and work needing to secure the car, check the condition, etc. If you need money and want to have the cars as a loan, best to get a real title loan from a loan service (or possibly post them as security at a bank) and like betudontbet to buy bitcoins with that loan. Youre best to read the first two post from https://bitcointalk.org/index.php?topic=577765.0 because you are also selling cars in another thread so using those same cars as collateral (even the ones listed on the site) tells people here that you have no intent of repaying. Sure, that's why I told him to check the local pawn shop if he really wants to get a loan with their titles is hard to find in bitcointalk someone related to bitcoins that also wants to make this kind of agreements. Title: Re: How does BTC lending work? Post by: condoras on October 04, 2017, 05:18:02 PM I was just curious if there was a possibility considering BTC is used for a lot of reasons. Maybe I'll open a company that offers that service. I think that you say anything in order to excuse your Loan Request here and don't get a negative. You are curious if BTC is used for what reason? Don't you know already? Oh sorry,you don't but you came here to sell...cars... ::) And now you are "thinking" to open a company giving Loans in crypto? Why, you know a reason?! From selling "exotic" cars to Lending crypto... :D Of course BTC and any other crypto can be used for all the reasons, the same reasons that you have already and use fiat. But you don't know that, yes... :D You are full of irrelevant and fake thoughts, words, project, knowledge. I will suggest you to lock at least this Thread of yours (not to say both of them) and go somewhere else. Winter is coming... 8) |