Bitcoin Forum

In need of a loan to make a considerably large ($300) purchase in the next few days.  I was expecting to get paid last friday but I was informed today that I wouldn’t receive that check until the end of the month (Government employee).  Asking for a loan of .4 BTC at 10% interest compounded weekly.  I can offer collateral in the form of my MacBook Pro, ID verification plus proof of employment (The check coming in at the end of the month should be roughly $1800). 

Thanks!

Where are you located? It would be best to find a lender or escrow within your country to hold the MacBook.

Where are you located? It would be best to find a lender or escrow within your country to hold the MacBook.
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I've tried using local bitcoins but i'm at a small college in the middle of nowhere.  I haven't been able to find anything yet.

Are you in the USA?

Yes, rural Virginia.

Could maybe help, but would need the collateral sent just in case.

Know of any good escrow services?

If I'm sending .4 btc, I want possession of laptop, in case you don't pay it back.

Because you are new, you need to include a third party escrow to hold any collateral.

Then the third party can put up the btc.

I might be new, but I've been doin business for over 25 years.

And I'm filthy rich with a 12" schlong. You are new, have no trust and could walk off with the collateral anytime between the loan and repayment WITH the repayment AND collateral.

Well, like I said, the third party can put up the btc, and hold the collateral.  Not a chance I put up my btc, and STILL not have collateral to back it up.  Just because someone has been around a long time, does not mean that they are honest.  Not implying you aren't, but it is a fact.

I made the man an offer, he refused it through you.  No huge deal.  It hurts me none, and hurts him none.  

By the way....nice schlong :)  And since you are filthy rich, you should help this guy with his loan.  Free money, right?

If I chose to loan I would use a third party escrow to hold the collateral.

Different strokes, for different folks.


OP, have you tried to pawn your laptop for the funds?  That way, a business has your computer, you have the funds, and everyone is happy?

There aren't any pawn shops around me (town of 3000 people), but now that I think of it there's probably no point in requesting a loan anyway, because using escrow would take shipping the collateral and then accepting the loan.  By the time that happens, it's about 4 days until payday so there's no real point.

No.  Pawn shops do the best job. 

:)

Pawn shops do the best money :P for Pawn shops :)

Escrow much better.

New offer then:

.4btc loan, you said you get check at end of the month....

Repay: .49 by end of day 3/7

If not repaid by 3/7, one week extension until 3/10, but repayment is .54

If not repaid by end of day 3/10, then laptop is sent to me, from whatever escrow we choose to hold it, and you owe nothing.

I'd be inclined to accept but like I mentioned there's no point in sending my Macbook into collateral if I could just wait 4 days. Didn't really think that one through before I posted :/

No problem, offer stands if needed.  Who knows, maybe a trusted escrow on here lives near you.

Or:

I could purchase whatever it is you need bought, and send it to you once you get paid, plus the small interest.  (This only works if the reason you have to buy now is because its limited edition, or on sale, or something)  If the reason is you need the item now, then this doesnt help.

I think op gets good offers from you :-)

You are kind man :-)