Bitcoin Forum

LOAN IS FUNDED.

marcotheminer has repaid all the contributors. i now owe him 4.23 btc.


contributors:
marcotheminer 1btc repayment 1.2 btc by jan 30th - MISSED DEADLINE: .2 btc paid to marcotheminer by thirdparty. additional .5 btc loaned, total 1.6 btc repayment owed by march 1st paid .25, 1.35 remaining. march 16th

jonald_fyookball fully paid march 16th

ducatitalia 1 btc repayment 1.2 btc by feb 15th - MISSED DEADLINE - .5 btc repaid, renegotiated, 1 btc owed remaining, due april 15th 2015

botany .5 btc repayment aug 17th

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.

Aren't you the guy that aked for a loan because he locked himself out of his own car?

indeed, that was me. why?

You don't have much luck do you?



He repaid. Except one loan was credited by another user for some reason.

correct. when i asked him, he just said he felt like it, basically. *shrug*

You can't get uber to help you out at all?

Have you tried talking to higher tier administration?

it's uber's insurance, point of fact. which doesn't have uninsured motorist coverage, much to my surprise. i've tried talking to the local staff, but in terms of the deductible i have been largely ignored. i'm considered an independant contractor, so i suspect any push to get them to cover this cost would be ignored on that basis.

i haven't like, gone to twitter about it or anything. hell, i don't have a twitter account...

Are you expecting or hoping someone else to pay off this loan for you too?

You have the worst luck my friend.   :-\

Surely, an early adopter like the OP will have a decent chunk of Bitcoins stashed somewhere?

I always imagined the early adopters to be rich dudes enjoying their lives.

Surely, u retards can shut up if u can't doing the loan

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. :D 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 :D) 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.

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.

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

What's wrong with using BTC to transfer money for a loan denominated in USD (at a current price)?

Is it possible to fund this loan partly, instead of the whole $1500?

wouldn't be the first time. sure, that's fine.

I'm waiting for a BTC0.14 loan repayment, once I receive that will fund you partly. Probably not much for you, but it's better than none.  ;)

thanks.

I can loan you 1BTC, repayment of 1.12 by December 8. Thoughts?

i can't guarantee repayment like that. for starters, i don't know when i'll actually have a repaired car and get back to work. beyond that, i don't make a lot of money. most of it goes to gas, insurance, the car payment. assuming the car is fixed and i'm able to work this week, be able to repay maybe half of that by then. but i don't think the car will be fixed by then.

Then how does, 1BTC, repayment of 1.2 by January 20, 2015 sound? Payments would be whenever you can.

much, much more doable. yea, that would be fine. unless, obviously, the price sky rockets.... might have to renegotiate then.

Likewise if the price turns to dust yes?

oh, indeed.

before i forget, here's an address to send payment to. 1uMhxXdjDp5xUY4CGx4e7YgRP9qoebXhh

friendly bump.

anyone? bueller? bueller? anyone?

Could you please proof you really are arklan? Sign the address where you want loans to go towards with one or a few of your oldest (obviously yours) address(s)

Thanks

I wouldn't lend Bitcoin in this case since you need USD. Conversion into fiat (and then back again once you repay) just adds to your overall cost.

address: 1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb used in old loan thread https://bitcointalk.org/index.php?topic=441074.20 and many... many other places previously. used to be in my signature.

signed message between, but not including, qoutes. "i verify i'm arklan."

sig is HAcgVmQ3rXrSPqzHHdrhPwqZPT9IrbC4a8daWBSdQ/ZNJdQOSTjrCBlnxTTQDCpY1g6qm6+w7IAst9z1n6Dk2B8=

oh, i goofed... you wanted this:

signed address 1uMhxXdjDp5xUY4CGx4e7YgRP9qoebXhh where loaned money goes.

signed message: "old address: 1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb"

signature: H3Vp2BB/8fh1UHWv2yzu++NIs1+JMRMPhGTURZ1pYOiCqoQu+9WXj9+xrteTvQfcVgJPUXGkfXkhIOfqtMMSeSE=


well sure, it adds to the cost. but i don't exactly have many other options. i mean, unless someone here wants to loan USD, which i doubt.

That could have been signed a long time ago.

How about signing: "1uMhxXdjDp5xUY4CGx4e7YgRP9qoebXhh"

Could I just send to your previous address?

sure. send to the old one.

well, got the email from the insurance adjuster with the estimate... 4200 USD in repair costs. yeesh. and i thought the deductible at $1000 was a bad.

at this point i'm just waiting on the check to arrive so i can go start repairs.

and i still (kinda desperately) need the money. i'm increasing the interest rate offered to 15% and the repayment to BTC equivalent of $200 usd monthly (well, $50 weekly, honestly.) unless uber drops it's fares again that's well within my means.

i've also signed up with a couple other "service on demand" companes (postmates and taskrabbit) that i shouldn't have any trouble getting started with. that means more money, which means more repaid.

also, as of now marcotheminer hasn't decided if he's gonna loan me the 1 btc talked about a few posts ago.

please guys. i'm really up a creek if i can't get this fixed.

uhm... guys? anyone?

Shut your trap freak or Bitcoin-Police will smack the living daylights out of you!

https://bitcointalk.org/index.php?topic=854862.msg9513562#msg9513562

as i said there, i haven't. but i can, and will try tomorrow.

spoke with a bank today... finally have an account again, so that's a good step. applied for a loan, won't know for a couple days.

however, i have sold some stuff (outside of here) so i'm now just needing the actual deductible, not any additional expenses. changing thread title and OP to reflect that.

lol - why are you asking us for money if you aren't even desperate?  Try the religious forums!   :)

because i'm not religious. in fact, i'm rather anti religious. so i'd be lying to them to try to get money.

also, i'm not asking for a gift. it's a loan. loans are business matters. not religious.

Once you get desperate enough, you'll lie.  Lie or die.   ;)

So why don't you go to a local mechanic like I suggested?  Make a deal that he fixes your car now and you pay him later.  You don't need a loan here.

i don't know any local mechanics. they exist, of course, but why would they work for free? i mean, no one is going to do over 4000 dollars (insurance estimate) worth of work when they're not sure they'll get paid for all of it. just cause i "make a deal" there's no guarantee from his view i'd actually uphold that, unless it was a full blown legal contract, and i'm unaware of any such thing being a remotely normal occurrence.

as to the whole "lie or die" thing, yea... but why are you trying to encourage me to scam someone else? isn't that exactly the kind of behavior this forum DOESN'T encourage?

You have to go out and meet someone face to face.  You'll have a better time convincing them in person than you will strangers on the internet.

I don't think your deductible is $4000 - you posted it was $1,000.  So why is the mechanic going to have to do $4,000 of work for free?

He'll only have to do $1,000 worth of work, to which you will pay him $1,150 once you get your car working.  He can take your car title as collateral.  He will love the 15% interest.

I tell you, that's your best way.  You don't need a loan from here.

...what car title? i don't have it. the finance company does. but yes, valid point on the amount there. you're right, only 1000. when i get the check from the insurance company, i'll go talk to the shop. maybe i'll get lucky.

I already saved you 15% interest off $500, or $75!  Hopefully we can save you even more.  :)

well, the cars' been repaired and i ready for me to pick up.

unfortunately i was denied the bank loan, and the shop doesn't offer any kind of payment plan.also what money i did have (a credit card with a $300 limit) to get by on is almost gone. and i need 425 to renew my personal insurance (which isn't involved in this accident but the lease requires i have) in two weeks.

i attempted discussing the situation with my parents, but that literally ended with my dad threatening to come kick my ass. i'd ask my fiance's parents, but she's got three teeth that need extracting in a bad way.

as far as i can tell, i'm out of options. anyone willing to help or have any ideas?

Dont ever use a bank loan.NEVER!NEVER!So much people in bulgaria ruined their lifes with them.

as i said, i was denied the loan. they didn't give it to me. outside of bitcoin land, my credit is rather piss poor due to debts racked up over years of unstable employment. 50k or so student loans, another 10k medical, so on.

about all i can do is sell my old car, the 98 pontiac sunfire... i MIGHT be able to get 300 out of that. but i currently can't find the god damned key, so selling it is slightly complex.

I can offer:

1BTC ($370 currently). Repayment of 1.2BTC by January 30 to 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq. 2% interest for each additional day late. If a major (crashes to $250 or triples for example) price change occurs, we can re-negotiate.

How does that sound?

excellent. yes, please. as discussed with you, send to the address i gave ya previously, my old general receiving one: 1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb


anyone else? just two more btc and i'd be set. similar deals as above are welcome! just bear with me on repayment... i only make about 400 to 450 a week.

I can lend 0.5 BTC conditional on the entire amount of the loan request being fulfilled by other parties.

oh, and regarding the pontiac: i've just contacted a local wrecker to see what i can get out of it that way. just waiting to hear back.

yay!

Sending 1.00BTC, repayment of 1.20BTC by January 30 to 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq. 2% interest for each additional day late. If a major (crashes to $250 or triples for example) price change occurs, we can re-negotiate.

Sent! https://blockchain.info/tx/288fe73be7646d5086d84c32ff2eaf9c810f07d767b13337e96e937de0695992

i confirm receipt of this.

edited the OP to reflect current situation and updated thread title.

still need 1.5 btc. anyone?

suggest you post contributors and their amounts in the OP , so people can see the progress and
have more confidence.

so edited.

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

Perhaps not for OP's situation, but in some situations, it can actually be more desirable to take out a loan.

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.

so then you just need .5 btc more.... how much interest are you offering me btw

same as the others? so, .6 repaid.

that'd be fine just fine, what's the payment date and penalty

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 importance.

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

also, 2.5 btc plus the .14 i currently have means i'm at about 960. i'm gonna sell the old car (hopefully tomorrow) even if that's just for scrap i'll get a couple hundred. so, i think that's me sorted then. jonald? what's your repayment date preference?

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

can you pay by feb 15?

confirm all of the above.

.6? sure.

ok.  so are there other lenders or this 2.5 total is it?

this is it. i'll add ducatitalia to the list on the op and mark the thread as funded.

when you're ready, just send the .5 to this addy please. 1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb

0.5 BTC SENT.

https://blockchain.info/tx/89c7ee10be54561f7a00f23a5c697eefc1b50c7ea40abf1a97d6b19246b373a4

confirmed. thanks guys.

That is not how trust is supposed to work...you do not "trade" it or lend for it. You are basically buying trust here..

It looks like the loan was given to gain trust. I should add that asking for trust like this is equivalent to buying trust, and grounds for being given negative trust.

i'll admit i found it odd too. but beyond that, i'm staying out of the whole "buying trust" thing.

Putting positive trust as a condition for the loan is buying trust. You are on the default trust list which makes buying your trust lucrative. Be careful when giving it out.

Good luck with your car, hope everything goes back on track quickly.

Interesting.  This was not intended to be interpreted as "buying trust," but rather to underscore the importance of trust in the transaction. There is no payment being made in exchange for feedback/trust.  A loan has been made, and the loan is to be repaid with interest...the reason for exchanging of funds begins and ends there.  Beyond that, just as buyers and sellers on EBAY commonly request positive feedback for successful transactions, so too is it appropriate to request it here or in any other transactional situation...be it via online review at VRBO, a phone or other survey requested by a bank or retailer, a referral slip requested by a realtor or salesperson...you name it.  And although many retailers do in-fact incentivize responding to surveys and leaving feedback, that is not the case here.  The leaving of trust has been requested, agreed to and documented as such in the public forum, but it is never a requirement of lending, payment or repayment for any of the aforementioned transactions.  Nor has or will anyone be paid to leave trust in this particular transaction...be it lender or borrower.

I have to agree that trust should probably
not be asked for like you did Ducatitalia.

I'm sure your intentions are good, but this is
not Ebay.  Things work differently here
and trust has to be genuinely earned,
rather than given quid pro quo because
there are no central authorities here.

That said, I totally get wanting to earn
trust as it is valuable for doing business
and just feeling good as a part of the
community, so I also hope Arklan leaves us
both positive trust as a result of the
transaction and for our overall trustworthiness,
but I never made it part of the deal.

Understood and noted.  Thank you for the advice.

Yeah if I thought you were really trying to buy the trust I would have left some negative feedback. I was trying to give you a heads up was all...you seem legit to me.

Much appreciated--will certainly consider these recommendations going forward.

You can start with removing the trust condition in your loan to Arklan.

To further clarify then...the leaving of trust/feedback by either lender or borrower is not, nor was it ever a condition or requirement of this loan.

so, after a shitty december, janruary isn't off to a great start. my paycheck from last week was $161. i'm just falling forther and further behind on bills instead of getting ahead of them.

and then tonight uber sent out and email informing us they're cutting the rates by 25%. also said something about minimum garuntees, but it was so vague i have no idea what they mean.

i'll be lucky if i can even make enough to have gas next week.

to say i'm upset is an understatement in the extreme. i'm at a complete loss.

frankly if i knew where uber's offices actually were i'd probably be in jail for assault by now...

who knows. maybe a miracle will happen before the end of the month. given my luck, i doubt it though.

thanks for the update.  Sorry to hear it.  Are you expecting to be late on these loans? 
 

honestly, i have no idea. if the guaruntee they mentioned is as simple as they are trying to make it, then i will be actually doing better then ever, by a little anyway. right now i just don't know. i've already emailed asking for more info.

if that is the case, then there's no problems. if that's NOT the case, then yea, late. but right now i don't have enough verified info.

Does your price cut have anything to do with this?
http://gizmodo.com/these-48-cities-are-getting-cheaper-uber-rides-1678453393

Although the article does mention that driver wages aren't being cut for those cities.

that's it, yes.

they're dropping rates by about 25%, but adding guaranteed minimums. i got the clarification i wanted - basically they added a minimum wage. in my city (it varies by location) that's about 15 an hour during the peak times friday and saturday nights, and 9.50 or so the rest. this may actually improve my pay, depending on actual business. it means, at a minimum, i'll make about 500 a week. unfortunately i have car payments of 220 a week. add gas, insurance, phone, etc - you get the idea.

i used to make about 400 a week - AFTER the car payment, thanks to busy nights. we'll see how things go.

obviously, i'm actively looking for something else, as this is getting ridiculous.

If you post quite often (and well, as you normally do) you can get paid 0.0012BTC a post with the BIT-X.com campaign I run. Make a thousand posts in a month and you'd be paid 1.2BTC.

Hey Arklan, if you are looking for additional work, I'd suggest you look into things like Mturk.com to work from home.
The pay isn't great especially if you are just starting out, but it improves with time and could be beneficial for you.

mturk pays sub minimum wage, especially over longer periods of time (there are small amounts of tasks that pay better).

I am not entirely surprised that things are not going his way financially, he was warned that it would be bad to take out this loan. Especially considering he didn't even repay the last one he took out - it was repaid by BiPolarBob.

I really think that most of the lenders were primarily lending the OP money as a covert way to buy trust from the OP, who happens to be on default trust list.

Actually i just found out about bipolarbob now ; kinda wish i'd known but probably still would have lent...
because his guy seems not like a scammer.... he maybe just needs time to get
back on his feet.  I really hope to get paid back...i hope you're not suggesting the lenders
only wanted trust and not to be paid?

Everyone will get paid back. That's not even in question. I might need more time though. I'll know more monday, when I can see the results of this weekend.

I think you are probably the exception to people buying trust.

I think the OP has the intention of paying back the lenders, however his financial situation did not appear to support his ability to do so.

I think the other lenders lent the OP money with the understanding they would receive positive trust (to boost their trust ratings) while knowing how risky of an investment this loan would be

I didn't find it risky at all actually. I am happy if arklan takes the time he needs to repay the loan and am willing to discuss the loan repayment if he is struggling.

RAK'ed @ 0.35
from someone who's been there
figuring out how to stand on top of the pile, rather than being buried under it.

keep fighting.

Well, last night should prove the perfect experiment with the new rates and such. Almost exactly 1 trip per hour, and well under the described minimums. So, when the do the adjustments (i expect early Monday) I'll know the reality of the changes.

In other news, anyone any good with resumes and linked in profiles? Mine Sucks, and I suspect improving that would make a big difference in a job hunt.

https://alis.alberta.ca/js/eps/hotline/resume.html

You'll have to fudge the resume a bit, since they only help people in Alberta.

I'm out working right now (sitting in a parking lot) but that looks promising. Thanks.

Just a little reminder that the loan is due back tomorrow. Any issues let me know.

yea, i know. my last paycheck was 28 bucks. i'm actively looking for work to replace uber. as of now, i'm not going to make repayment tomorrow. let the late fees stack up. :(

If you send me your current resume, I will see what I can do.

...uh... ok. pm me an email?

what happened to that 'guaranteed payment' uber was supposed to provide?

oh they're providing it... if you meet the terms. 90% ride request acceptance, being in the right area, etc. it's quite picky. i go to the bathroom for too long or grab a bite to eat and i lose the guarantee for the hour.

A small tip from me. Don't thank me, thank BitPolarbob as I got 0.1BTC+ tip from him. :) I think you need it more than me!

0.2BTC @ 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq. TX: 9df196499264f07d33548e0d32aeac07ab5950abfa326e7db055e3519ff3cfdb (https://www.blocktrail.com/BTC/tx/9df196499264f07d33548e0d32aeac07ab5950abfa326e7db055e3519ff3cfdb). Best of luck! Hope you have a good life and earnings! :)

kindly,
Muhammed Zakir

hang on. did you just pay the interest i owe marcotheminer?

Nope. I paid 0.2BTC from 1BTC. So you pay 0.8BTC+0.2BTC=1BTC !!! ;)

   ~~MZ~~

well ok then. cheers!

Thanks Muhammed, that was unexpected and wasn't asked for. Thank you!

Arklan, no rush on the remaining repayment forget about the late fees! If you need another Bitcoin top up let me know and I'd gladly fulfil the request.

wait, what? you'd loan me more even though i've not repaid you?

well my car IS a few thousand miles over due on an oil change and tire rotation...

I'm supposed to get paid back on feb 15 :)

@arklan: Try to join Bit-x signature campaign and you can earn more BTC easily. You don't want to spend much time, just take some of your free time in the car for posting qualitative posts. :)

   ~~MZ~~

i know man, i know.

Zakir, i'll look into it.

My loan was due yesterday. I guess you would need more time? Drop me a PM to let me know.

I am thing that Vod was right on this one. It would have been better for arkian to get a bank loan, or not borrow at all in order to save on interest.

I think most of the lenders were willing to lend because BPB stepped in last time to payoff his loan, as well as the fact that they would be receiving positive trust as part of the deal, despite the fact that positive trust would be wildly inappropriate for a borrower to give on a no collateral loan 

Wasn't that which sparked me into risking 1BTC with arklan.

You do realize I tried and failed to get a bank loan?

Even if the bank denied you a bank loan, taking out a loan on here was probably a very bad idea. The reasons why they denied you were likely similar to the reasons above.

If this would have resulted in you not having money to repair your car, however you could still have tried to have found other work that did not involve you driving for a living

granted. given what's now happened with uber's prices dropping, that would probably have been the wiser choice. my last uber payment was $.02 after the car payment. yep. 2 cents. i don't have any money this week, so i can't go out and earn more to try and pay that car payment. good times, good times.

i'll likely be returning the car to the fiance company before i get so far behind they repossess it and go back to using my old pontiac sunfire. ...which i need to renew the registration and fix a coolant leak on.

my friend is taking me out with him tomorrow as he does his new job, selling AFLAC insurance. he's trying to get me to join him... i don't think i have the salesmen style though, so i'm skeptical. but i gotta try something. obviously i also have been sending my resumes to relevant jobs too.

probably a good idea to leave negative trust on me at this point guys. i'll get you repaid, but i don't know when.

Ill repay all of your loans if you give me your account as collateral

I am sure your lenders understand the struggle you are going through finically, and the situation you are in. You had an outstanding flawless trust, and been an outstanding
bitcointalk member from the past. The rest of the other scammers just disappear without a trace, and no good intentions what so ever. I genuinely believe you are in a legit situation,
and anyone of us with bad luck can end up in such a situation. With updates from you, scammers would never waste their time even doing updates since its not profitable to them.

Just ask for another month or two extension and work on partial payments. I hope everything works out for you.

no.

i don't follow. what, put my account in escrow until i pay you off after you pay off the loans? uh... still not interested. my account is not for sale. this is my first name. my REAL one. i don't intend to give that up for anything short of a massive amount of money.

Yeahh, I see your account isnt for sale, youd just be offering it as collateral, even if you didnt pay me back in time I would still give your account back after you paid, i would just use it for a signature campaign in the interim.

Just a thought, pm me if you change your mind

Hello there arklan...please let me know the plan going forward and how much time you need.  This loan carries a significant late fee of 0.1BTC/day...we need to make arrangements...

fee of 0.1BTC/day, which is completely ridiculous sorry.

That may or may not be ridiculous however that is something that Arkin did agree to when he got the loan. I am somewhat surprised that no one bothered to check/verify his actual income prior to giving the various loans.

my income at the time was sufficient to handle repayment as planned. then uber changed it's rates. twice since the loan was requested. and not small changes either. the last one was a 20% reduction.

my last check from them was 2 cents after the car payment, which is withdrawn automatically before they pay me.

a friend of mine is an insurance adviser selling AFLAC insurance. he's passing my contact info to his boss along with his recommendation. mind you, i'm still looking for other, regular work in fields i know. but at the same time if all goes well with my friends boss, i'll begin studying for my state insurance sales license and go from there. according to my friend, he believes he could have me making significant money (being in my own apartment was the example, with an estimated needed income of 1200 monthly.) within 3 months at the outside. i suspect he's being overly confident. but if he's proven correct, or even close to it, that gives you an idea of a timeline. i would be repaying you guys long efore anything like moving, getting married, getting a car (as i'll be returning the toyota to the finance company and stopping working for uber.) and so forth.

so, in the short term i'm still quite screwed, but there's some medium term plans in the works that should bare fruit.

How was this funded? Not clear how this turned out...

as i thought was clear in the OP, three people loaned me between a total of 2.5 btc. marco then loaned me some additional. whats the confusion?

what's going on with ducktail and this interest fee late fee thing

as was said earlier, i agreed to it. no other arrangements have been made. i dug a hole, i'll jump in it. i don't really have another choice.

If you are thinking of refinancing, I can put up 0.5 BTC for 6 months.
I really don't turn around my bitcoins that much.

to make sure i understand: you'd loan me .5 btc so i could pay off some of ducatitalia's loan and get the nasty interest dealt with, then i'd pay you back within 6 months?

christ that'd be lovely!

Yes.
Not sure how you are going to manage the rest though. The amount outstanding is far higher.
Let me know the address you want to transfer it to.

1F4j4Lha8BjL4wxwFVbGaQwMJ4Kd1brfXb send it there. i'll message him and see what i can work out.

unless anyone else wants to jump in on this refi?

Botany, if you can refinance me at this time, I'll take waive the interest for Arklan.

Let me see if I can get this straight. You borrowed money from various lenders on here in order to repay debt you owed to the body shop in order to repair your car, now that due to an unfortunate set of circumstances you are unable to repay your lenders on here so you are taking on additional debt to to repay them. I hate to be the bearer of bad news however there is a time when you need to acknowledge that you aren't able to payoff your debts  and act accordingly. I very rarely tell people that it is in any way a good idea to not pay what they owe

That is probably a good idea to make this offer

0.5BTC sent.
https://blockchain.info/tx/005c076d208aa403303ab0b0869f6c9c1445fddf2cd24c6729561197006998a0
https://blockchain.info/tx/bef6818b20ee74af4e73d6e8895f9668f9616f457adf9a4eaf5a1312bd03d94d

Please repay to this address - 1NfDuUQ9RiSE94r3BdBw3iRVsJiWXjsJfw
Date of repayment: 17-Aug-15 (Please repay earlier if possible)



I can put up only 0.5 BTC at this time. I will let arklan decide how he wants to play it.

If you do end up using this funds to pay a portion of ducktail's loan to you then I would suggest negotiating with him. First and foremost I would make the payment on the condition that he waives the late fees, and after he agrees to that I would try to get credit for more then what you are giving him, e.g. you give him .5 BTC but your debt is reduced by something more then that.

Negotiation in process. 


Agreed marcotheminer...didn't want to have to collect any late fees...the intent of the draconian daily late fee was to dissuade any late payment and provide a definitive repayment end-date for this longer-term loan.  But given arklan's situation, it is unreasonable to enforce such a penalty.  These loans are meant to be a service, not a burden.  As such, we are working on a solution...stay tuned...

Terms of this loan have been renegotiated.  arklan has made a payment of 0.5BTC.  The remaining amount due is now locked in at 1BTC, due April 15, 2015.  This means total repaid will be 1.5BTC, rather than the original 1.2BTC.  Late fee provision is waived for two additional months until April 15, 2015, to give time to get affairs in order.  If arklan is not able to repay the remaining 1BTC balance due by that date, a new late fee of 0.1BTC per week with be enforced (rather than per day).  Again, this is to ensure the loan is paid off at some definitive point.  Updated loan terms:

Borrowing Member: arklan (https://bitcointalk.org/index.php?action=profile;u=44129)
Loan Date: December 4, 2014
Loan Amount: 1BTC
Amount to be Repaid: 1.5BTC, 0.5BTC paid on February 16, 2015, 1BTC balance remains
Due: April 15, 2015
Late Fee: 0.1BTC for each week late

confirm the above.

I would suggest editing the OP to update the amounts owed...

done and done.

arklan,

What's your skillset?

I might have some work I can send your way. 

http://magellanverse.com/images/goodnewseveryone.png

I GOT A JOB! a good paying, long term, no tricks job! 12 bucks an hour, benefits, paid time off, even a cubicle! (yes, i'm happy about a cubicle.)

i forgot to ask what the pay schedule is like, but i should get you guys all sorted out right quick.

Well done! Im very happy for you!

Congrats arklan!!
All the best for your new job.

yay!  see, life has a way of working out, ya know?

Congrats, arklan! Everything will become okay soon! :)


In one way or another. Just go to door opened to *you* than waiting for an opening door ~ MZ ;)

   -MZ

Great news for you. This loan won't be a problem anymore :) Congratz

quite right. my first paycheck (for this weeks partial week) will come in a week from friday. probably won't be particularly large, but i should be able to get SOMETHING into btc and to you guys.

Fantastic!  Great to hear things trending for you Arklan!

Arklan, with BTC threatening to break out, I would advise you to settle your BTC-denominated loans as quickly as possible.  :)

The price of bitcoin was closer to $380 then to $300 when he got the loan so on a fiat basis he will actually likely end up repaying a significant lesser amount worth of fiat then he got from the loan, even after late fees and interest

Whats the total amount of btc does he need to repay?
his last login March 6 :(

*ahem* it's something like 3 btc, though i'm estimating off the top of my head.

this friday will be my first paycheck. should have about 500 USD i can put towards paying you guys off at that time. however since i work ten hour shifts i might not be able to get the check cashed/deposited until saturday.

sorry i've been quiet on here. i've been worrying about work and doing well (which i'm not anymore. it's going great.) and getting there on time and traffic and food and so on. i've been coming home and mostly just watching tv for a couple hours. heh.

but yea, things go well. if BTC behaves then we should be all done here by next paycheck, which is 2 weeks from friday.

Glad to read things worked out for you arklan!   :)

alllllrighty then! sorry for the silence lately, been working and such.

my math was wrong - i only have $300 worth to spread around. more next month. (i have a speeding ticket and new tires to deal with as well...)

currently that $300 is three amazon gift cards for $100 each. i can of course directly pass those on, or sell them for bitcoin and do it that way.

preferences?

for simplicity's sake (on my end anyway.) could you guys post or PM me your payment addresses and amounts owed? i want to compare them to my records and make sure we're all on the same page.

I'll make a post with what you owe me shortly.

Here is what you owe me (not including fees, they can come later).

0.6BTC https://bitcointalk.org/index.php?topic=750507.msg10368758#msg10368758

1.2BTC (0.20BTC paid by MZ) https://bitcointalk.org/index.php?topic=851003.msg9740756#msg9740756

Total (without late fees) is 1.6BTC.

I stated that each day late, on the 1BTC) loan would add 2%. I now realise that was a bit harsh (over 1.2BTC in late fees if you pay on April 1). So we'll discuss fees further another time, no rush to pay those :).

Hi Arklan! Do you need a loan of 0.4BTC? You maybe able to repay 0.6BTC loan by Marco or can repay others' partially.

Terms:
• Amount: 0.3-0.4(you choose).
• Interest: 0%.
• Due: The day you repay.
• Late Fee: 0%

@Marco: If he pays you 0.4BTC, can you close that 0.6BTC loan? 0.4BTC + 0.2BTC(I gave earlier). I know I paid it for another loan but...?

I prefer the btc.  I believe I am owed 0.6

If he does this (I would recommend against it as it's taking a loan to repay a loan), he would owe me 1.2BTC + late fees.

yea... thank you for offering, it's always appreciated, but no, i'll pass and deal with my current lenders directly.

i'll sell the giftcards to btc and get some sent to you boys.

I understand. No problem. I offered because he looks like he needed it.


I didn't understand. 1BTC + late fees + 0.6BTC is correct amount,right? Because I already paid 0.2BTC for him.


Best of luck! If you need any help, feel free to PM me.

what is your desired payment address? i'm going to pay you in full.



.25 BTC remaining for this month. marco, coming to you.

https://blockchain.info/tx/72aee5926c48b93c5173b2dcff2bb901a92dfce08601f786435eca360f868128

remaining debt to marcotheminer is 1.35 not counting fees.


others, i'll be in touch mid april.

16GmxTmJuL5ytoWjsrTJNmizENjZGW44oT

Given your ongoing struggles I waive the interest if paid in full today. 0.5 just pay

0.5 BTC due.
No hurry in repayment.

.6 owed, .6 paid.

https://blockchain.info/tx/d81979b7f3d0287319ddf14cdcae396878ae41c716d17ae651a55dc3d8155339

If you loaned him 0.40BTC he could repay 0.40BTC of the 0.60BTC which would leave 0.20BTC and 1.00BTC, a total of 1.20BTC.

Interest is waived and you pay anyway.

You're a man of character my friend. 

Thank you!

Confirmed. Total debt left is 1.35BTC excluding late fees.

Responding to this as requested arklan...per our renegotiated terms above, 1BTC is owed by April 15, 2015.  Repayment is not required until that date, although late fees would be due there-after. 

As an aside--was pleased to hear of your turn of fortune...seems all your diligence has literally and figuratively paid off.  Congratulations to you.

thanks. :D assuming relative stability of price, that repayment shouldn't be a problem.

Glad to hear, hoping to clear my two loans soon!

no worries, i'll get them done.

but right now i've got $500 worth in a speeding ticket plus and car that isn't registered or inspected AND has a coolant leak, so as i said previously, my paycheck tomorrow is going ot have to handle that stuff. i'll get more for bitcoin in two weeks.

Hello arklan...hope all is well.  Courtesy reminder that this loan is due by next Wednesday, April 15...outstanding balance is 1BTC.

yea, i know. payday is tomorrow.

I will soon be repaying everyone on arklan's behalf (he will owe me the amount that I will send to his lenders). This is to simplify things (1 lender to repay).

---

The current lender details I have that will be paid out (please confirm):

ducatitalia - 1BTC - 1LUwMs4QJNPWZmaSrD4Uk8SrHSkbaGvqt4
botany - 0.50BTC - 1GiZCixEQeDi2NfbsUXbo9DWmj1E9a4Nfn
Magic8Ball - 1.20BTC - 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp

Sum of 2.70BTC, repayment will be 2.88BTC from arklan to me.

I have not included fees for anyone. If arklan decides to include late fees, they will be paid by him separately.

---

My current repayment needed is: 1.35BTC not including this loan.

As soon as I send the respective amounts to the 3 other lenders, arklan's debt to them is repaid and I will be the sole creditor (to whom arklan owes 3.77BTC plus any late fees). Arklan may still owe the other lenders late fees.

Marco this is probably not a very good idea. In the event that he does not repay then you will be out several BTC. He is already late on the loan and most banks tend to value loans to be worth less when the borrower is late.

You would probably be able to negotiate with the various lenders to buy their debt from them at a discount, which would increase your potential reward in the event that he actually can repay

Fair enough. My loan isn't due for a long time yet, but if you have talked things over with Arklan, you can send bitcoins to the following address.
1GiZCixEQeDi2NfbsUXbo9DWmj1E9a4Nfn

Bite me.

I agree with everything Marco said. I can guarantee $200 0 in btc Bi-weekly, on pay days. Like today. I'm exhausted from lack of sleep though... Soon as I get home in passing out, I hope.

so, interesting wrinkle. Magic8Ball is now asking, via PM, for 1.2 btc, not .92... apparently he's doing the math in USD. i'm telling him as politely as i can that btc was loaned and btc will be repaid... but i felt it should be publicly known. charging me more for early repayment just rubs me the wrong way, even if there's a third person involved. not like i could exactly predict the price would drop after all.

As I told Magic8Ball: Had you agreed on USD pegged repayment when you made the loan? If not the it'll be paid in terms of BTC.

nope. we had not. and i did so expecting the price to climb significantly.

he's judiging it now as late fees... i'm... displeased. and done talking about this tonight. too tired.

I told him to cover it in USD as the current amount is giving me a loss. He converted it immediately to USD and now using USD to buy, so I am surprised he is unhappy about this. The current amount means he is making a profit after repaying.

Since it was not pegged to USD I am asking for a late fee instead with the amount being same to the BTC in case it was pegged in USD.

I am surprised by his stance. I have never asked him to pay up even when it was getting late. All I ever told him was to take time to sort it out. Even when he wanted to repay now I told him it is fine if he wants more time.

Marco himself took a late fee of 0.3 BTC, and I think there may be more due to the new deal.

The right thing to do in this case would have been for Marco to give Arklan a loan, and for Arklan to take up repayment with individual lenders.
Would have lessened complications.

No, since arklan would then have the chance to run with 2+ BTC. Not that I don't trust arklan (I do), but I'd like to limit risks.

Ok, I think it's fair enough that arklan repays at least the USD worth with the fees added.

Not sure where you saw 0.3 BTC, I have no set late fee nor have I come to the firm agreement of one.

You are right. I hadn't considered that.
You could have done it in 3 or 4 transactions, with each transaction sufficient to pay off one lender.
Alternatively, arklan should have done the talking, finalized things and you could have stepped in when payment was required.

his post kinda jumped the gun while i was at work. very strict no cell phone/non work computer use policies. i'd PM'd him before work and at lunch. his post here was during the second half of my shift.

not complaining mind you. just clarifying.

I haven't seen anything in this thread about magic8ball agreeing to a fiat based loan. However his loan was due in early feburary so I think it would be fair that he be paid an amount above what was originally agreed that was due to him - at least this is what he should be asking for.

If marco does not trust that arklan to not run away with 2 BTC that is sent to him directly (and to not use such funds to repay lenders) then he should not repay lenders directly and expect to receive payment directly as this is essentially the same thing.  

Fair enough. But I'd rather take care of repayments myself (to avoid any possible conflict) since I'll be the only creditor. I'm sure arklan is fine with that?

having slept (i don't get enough sleep during the week and work 10 hour shifts, so saturday night is when i'm sorta at my worst) i'm thinking more clearly. yea, the .3 magic8ball is asking for is cool as a late fee. i'd gotten his and botany's mixed up, as botany's loan isn't due yet... sorry.

and of course i have no problem with marco paying my lenders direct.

Slight update.

Magic8Ball will be paid 1.20BTC.

Total repayment and interest adjusted accordingly.

confirmed.

Updated once again. I made a summing error.

Total to be repaid without fees is 4.23BTC.

I'll send everything to current members as soon as possible.

All good.

Yikes. My loan is clear.
0.5 BTC. Your choice whether to refinance or not.

wait, what? you mean marco paid you, right? cause if otherwise i'm confused.

Nope, nothing yet.
If I had been paid, I would have confirmed in this thread.

oh oh i get it now! "my loan is clear" as in SIMPLE.

sheesh.

https://blockchain.info/tx/633d5b874bed98d2e302db58b5d2d69a8ec12f3853aec9c714da0ec886be3b4a

All lenders have been repaid, I am the sole lender to whom arklan owes 4.23BTC before fees.

I confirm that I have been repaid.
Positive trust feedback left.

I'm good with however arklan decides that he'd like to settle.   Please advise once 1BTC payoff is made.   Payment address is:
1LUwMs4QJNPWZmaSrD4Uk8SrHSkbaGvqt4

Check the second post above yours ducatitalia ;)

Aha...thank you Marco.  That's what I get for answering from my mobile and not reading the whole thread!

Confirm 1BTC payoff received today April 14, 2015...one day before due date.

Thank you arklan...best to you going forward.  Let me know if I can be of assistance in the future.

Cool cool.

So Marco, I got a walmart gift card... Any use to you, or shall I sell it?

just for records sake - i confirm the above. 4.23 to marcotheminer.

I'd much rather you sell it for BTC if thats alright with you (by all means use it!). Try the digital goods board :).

Confirming receipt. Thanks!