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Author Topic: 3 Week Term Loan, details inside  (Read 705 times)
lakzo (OP)
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April 04, 2013, 06:36:06 PM
 #1

Hey all,

I took out a loan on BTCJam a few weeks back so I could trade a bit on Mt. Gox.  I left the country on business 2 weeks ago and everything is hyper-inflated.  For that reason i'm underwater on the loan.  I've liquidated all my assets and i'm down 3.7 coins.  At present that amounts to roughly $500.  That's about 1/3 a paycheck, which doesn't come until next Friday (4/12).  In order to keep my investors happy, I need to pay back the loan which is already overdue immediately.

My username on BTCJam is Lakzo as well, and i'm 100% verified and have a 100% positive reputation (which i'd like to keep!).  I was thinking of a fixed loan of 3.7 coins with a repayment of 4.1 by next Friday (4/12) at the absolute latest.  I can't create a new listing on BTCJam because i'm overdue, so this will give me some reputation on Bitcointalk as well.  If you have any questions, please let me know! Thanks!
Tomatocage
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brb keeping up with the Kardashians


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April 04, 2013, 07:43:06 PM
 #2

Don't even worry about it.  Just walk away from the loan and nobody's going to do squat about it.

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lakzo (OP)
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April 04, 2013, 07:51:26 PM
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Don't even worry about it.  Just walk away from the loan and nobody's going to do squat about it.

While that may be true, it's not fair to the investors.  I'm able to repay and I find it important that I do so.
Scott J
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April 04, 2013, 07:56:13 PM
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Don't even worry about it.  Just walk away from the loan and nobody's going to do squat about it.
What's happened to the Tomatocage that was looking out for peoples money? You even called me a scammer  Grin
shibaji
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April 05, 2013, 01:30:21 AM
 #5

Don't even worry about it.  Just walk away from the loan and nobody's going to do squat about it.
What's happened to the Tomatocage that was looking out for peoples money? You even called me a scammer  Grin

Scott J, that is a sarcastic comment. Tomatocage is doing a great service. I have been up on that list too, but that is a fine precaution. If you were in the list, I am sure was nothing personal. If you just look around and see how many scammers are there nowadays, you will realize the value.
lakzo (OP)
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April 06, 2013, 12:02:31 PM
 #6

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