Loan with collateral

[fragio]

I need a loan of 1,20 bitcoin , I have a job and a home ownership.

I can offer as collateral my house, my identity documents and my paycheck job. I declare to pay the debt in 2 weeks from the date of loan disbursement.

Username: fragio
Requested BTC Amount: 1,20
Length: 2 weeks
Interest Rate: will repay 1.70
My Collateral (recommended): home ownership or my paycheck from my job.

[Duomo]

No collateral = No loan.

Check this thread to see what adequate collateral is.

https://bitcointalk.org/index.php?topic=577765.0

Did you just ask for 1.2 Bitcoin which equates to $482.10 at current prices? Put up collateral worth $600+.

I recommend you close and lock this thread before you receive negative trust.

[Shibashi Dogemoto]

I need a loan of 1,20 bitcoin , I have a job and a home ownership.

I can offer as collateral my house, my identity documents and my paycheck job. I declare to pay the debt in 2 weeks from the date of loan disbursement.

Username: fragio
Requested BTC Amount: 1,20
Length: 2 weeks
Interest Rate: will repay 1.70
My Collateral (recommended): home ownership or my paycheck from my job.

If you're giving your home as collateral for a 1.2 bitcoin loan, i think you must be misunderstanding the concept of collateral...
Giving your home as collateral means that you actually transfer the ownership of your home to the lender or to a trusted thirth party. In case you don't pay back your loan, the lender becomes the legal owner of your home.

[Glucose]

What they are trying to say is that your collateral can't be accepted here.

The lender will need something he will be able to sell in case you don't pay back. Especially for a 1.2 BTC loan.

Your proposition can't be accepted. Papers or ID could be stolen or whatever. You need to provide something worth the risk you are asking for.

[andy75]

can you put home picture ? 

[whywefight]

no (valid) collateral, no loan.

Things you need to know:

[EDU] The Rule of "No Collateral, No Loan" - IGNORE AT YOUR OWN RISK!
How to sign a message
Bitcointalk Escrows

Read all of them and after educating your self ask again.

You can lock this topic at the lower left of this page. thank you!

[The Sceptical Chymist]

OMG, this is a new one here on the lending section--I've never seen a house put up as collateral.  I know you're not serious, but one would be a rational lender to take your house once you default.  But as the man above me said, lock the thread 'cause you ain't getting jack shit.

[sase007]

If he isn't joking, we have to check he value of his house. Example: what location is he in, what continent... ETC

Also these do seem slightly joking to have a house or a paycheck as colateral and he could lose these if he isn't if he is not careful.

[Shibashi Dogemoto]

If he isn't joking, we have to check he value of his house. Example: what location is he in, what continent... ETC

Also these do seem slightly joking to have a house or a paycheck as colateral and he could lose these if he isn't if he is not careful.

I was thinking about this to (the value of the house)... A while ago, it made the newspapers in my country that there were some houses (i think in Detroit) being sold for $100-$1000. You couldn't really call them houses anymore tough, just 4 walls and part of a roof.
In this case, such a house could be valid collateral for a 1.2BTC loan i suppose (eventough i would never take such collateral).

[andy75]

If he isn't joking, we have to check he value of his house. Example: what location is he in, what continent... ETC

Also these do seem slightly joking to have a house or a paycheck as colateral and he could lose these if he isn't if he is not careful.

I was thinking about this to (the value of the house)... A while ago, it made the newspapers in my country that there were some houses (i think in Detroit) being sold for $100-$1000. You couldn't really call them houses anymore tough, just 4 walls and part of a roof.
In this case, such a house could be valid collateral for a 1.2BTC loan i suppose (eventough i would never take such collateral).

just the hassle around it is not worth the BTC amount ... better call saul 

[nanonymousx]

you seems sincere to off your home as collate, but it is too illiquid means too much hassle for any lender.

[RussianRaibow]

I laughed when I saw the collateral   Who in their right mind would wager their house against a 1.2BTC loan.  I don't think he understands what collateral is.

[Atomicat]

If you don't have a valid collateral to offer you don't have a chance of getting this loan fulfilled.