Bitcoin Forum

Was curious if a car title and personal information would be good enough collateral for a small loan in USD......I know i am a new user here and collateral would be needed.

Thanks for your help.

No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.

I don't understand what your talking about, fake id?

Also, isn't a car title collateral?

Try selling this car title and report back?
That's how much it is worth as collateral. ;)

I still don't understand. When you use a car title for collateral, you can put a lien on it and take it if defaulted..... right?

One last friendly advice.
Sell your car car title.
Don't borrow wealth.
You'll thank me later.

Getting liens done over the internet is... tricky.

Collateral is only worth anything if it protects the lender from loss: the lender must be able to sell what you give them. If you send a scan of your car title, the lender can't sell it.

There are plenty of places that will do car title loans, much easier than doing it with someone over the internet.

Oh, i need more medication to participate on this website. This section is about getting a loan, correct?

Ok, i understand that scan title deal.... Thats fine, i was just curious. Thank you

i am doing that now....


Thank you all.

MikeCorleone (HOTHEAD)

You're welcome, mister Mike Corleone.

I now should have put HotHead instead.... I get very pissed off very fast, usually over nothing... But some of these trolls on here make me so mad i want to jump through my computer and bust them in their face with a keyboard.lol   :P I am calm......

Hey Magic Mike I buy your car for $5.34 ?

Right. You can have a chip off my hood. Would have to divide it up into equal shares however. el oh el

If you're geographically near the lender, it would probably be acceptable. There'd be a default clause in the loan contract which states the lender comes into possession of the vehicle. The original title would probably be required to be held to prove you actually own the vehicle being put up as collateral.

There are maybe five lenders on the whole forum who'd consider that. Chance of them being near you geographically I'd guess is ~.25-1%. Better bet would probably be a pawn shop (about the same effective rates [really fuckin' high], they have more experience resulting in a more frictionless transaction, can possibly be a bit more confident they won't scam you). Take the cash, convert to BTC through something like CoinBase or a Bitcoin ATM if nearby... when you're done with the loan, convert back and pay in fiat.

yeah, There isn't nothing down here in this bfe town i moved to. May have to take my title to a near by bigger city to do so... I appreciate all the replies.

PS: How the hell do i leave positive feedback? I tried to leave it, but didn't see what it was a + rep


Pawn Shops are completely insane on what they offer people on anything honestly. Take for instance, my hood probably cost more than what they would want to offer,lmao

Feedback here's generally only left when a transaction is made (unless someone tried to scam).

Oh,ok... it's different on another forum I'm on.... You give it when someone has helped you etc etc... Pretty cool rep system.

Does that mean you're going to sell this account?
Or keep it dormant for a few months?

What are you talking about?

I'll trade you my Yu Gi Oh cards for your car doode?

smh

So maybe hoe?

don't call me a hoe!

Do i need to explain who i am? lololololol

Lady Ga Ga's twin brother?

You guessed it homo....  You know i created the planets right?

wanna pop round mine and we can sing Nicki Minaj songs in our underpants?

I'm galactic, My name stops planets in their tracks
rotate backwards defy gravity with simple tactics
not a callus on my hands when i created the planets
Simply put, there's noway to compare me to any man

:P


This is the type of retarded junk I post when i am bored,lol