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Author Topic: 2btc requested in pa with vehicle and title as collateral. pm to discuss  (Read 1348 times)
jack reacher
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November 08, 2015, 04:28:52 PM
Last edit: November 09, 2015, 03:13:34 AM by jack reacher
 #1

Basically i need  2 bitcoins for up to 1 month, but will most likely be paid much sooner. I can use the title of my vehicle and vehicle that kelly blue book value is around 2100. if anyone is interested and local, please let me know. thank

edit: interest would be at 20 percent. If i default we agree to sale the vehicle in the contract with lender receiving the current worth of 2.4 bitcoins.
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idyu
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November 08, 2015, 06:15:09 PM
 #2

I not think that this is a valid collateral, you can just claim you lost it and you will get a replacment no?
jack reacher
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November 08, 2015, 06:20:06 PM
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I not think that this is a valid collateral, you can just claim you lost it and you will get a replacment no?

no. it would come with a written contract of course just like normal title loans
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November 08, 2015, 06:23:48 PM
 #4

I not think that this is a valid collateral, you can just claim you lost it and you will get a replacment no?

no. it would come with a written contract of course just like normal title loans
If it is the same then why not just take a loan in the real world? To me this just looks like a complicated scam attempt.
jack reacher
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November 08, 2015, 06:33:02 PM
 #5

I not think that this is a valid collateral, you can just claim you lost it and you will get a replacment no?

no. it would come with a written contract of course just like normal title loans
If it is the same then why not just take a loan in the real world? To me this just looks like a complicated scam attempt.

what part of it looks like a scam? i live in pennsylvania that is why i requested someone in pennsylvania. if i wanted a loan of cash i would do that but i want the bitcoins. there is nothing at all that makes this look like a scam or of there is please point it out
jack reacher
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November 08, 2015, 06:39:33 PM
 #6

I can even find anything about it that looks scammy at all. Me and a local meet up. He looks at the vehicle. Confirms the KBB value which is more than double my request. We have a written document created detailing the terms something saying i agree to pay back xxxx while lender holds title of vehicle. if i default lender now has ownership of vehicle. This happens everyday in the real world except without bitcoins
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November 08, 2015, 06:45:06 PM
 #7

I can even find anything about it that looks scammy at all. Me and a local meet up. He looks at the vehicle. Confirms the KBB value which is more than double my request. We have a written document created detailing the terms something saying i agree to pay back xxxx while lender holds title of vehicle. if i default lender now has ownership of vehicle. This happens everyday in the real world except without bitcoins

What about getting the fiat and then buy some BTC ?  That happen all day long in this forum is easy to get BTC with fiat. Ain't saying this look like a scam or anything else just some advice to get what you need. greetings.

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November 08, 2015, 06:51:13 PM
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I can even find anything about it that looks scammy at all. Me and a local meet up. He looks at the vehicle. Confirms the KBB value which is more than double my request. We have a written document created detailing the terms something saying i agree to pay back xxxx while lender holds title of vehicle. if i default lender now has ownership of vehicle. This happens everyday in the real world except without bitcoins

What about getting the fiat and then buy some BTC ?  That happen all day long in this forum is easy to get BTC with fiat. Ain't saying this look like a scam or anything else just some advice to get what you need. greetings.

Buying bitcoins for someone like me i have to pay rediculous rates. i would be paying way too much over the value of the loan. i am also in need of this soon and coinbase sometimes takes up to 5 days for me.
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November 08, 2015, 07:58:41 PM
 #9

Cmon i am sorry but i not belive you, the fees to buy bitcoins are not that high and why you need bitcoins so urgent?

Can you not pay or buy what you need using cash?

I can give you this loan but i need some trusted forum escrow hold the valid collateral for us
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November 08, 2015, 09:02:49 PM
Last edit: November 08, 2015, 09:28:01 PM by jack reacher
 #10

Cmon i am sorry but i not belive you, the fees to buy bitcoins are not that high and why you need bitcoins so urgent?

Can you not pay or buy what you need using cash?

I can give you this loan but i need some trusted forum escrow hold the valid collateral for us


just beat it man man. im looking for a bitcoin loan using this as collateral. i donot care what you believe. i do not want to deal with you. The fees for the loan say would be 20 percent then buying the bitcoins with the loan would be probably 10-20 percent over market so ya fees add up .
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November 08, 2015, 09:08:20 PM
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Having the title to a car you could potentially junk for just as much money as you could sell, especially when it's such a low-valued vehicle isn't much collateral.
For all we know you're planning on burning this car and using the title as a way to scam someone out of 2BTC.

Holding on to the title when the car is practically garbage means nothing; You could have over-paid for this car, found out mechanical issues and are now attempting to make up loss.

I'm sorry your story doesn't hold up to my paranoid scrutiny, and I suggest you find different collateral or a different means to liquidate your vehicle.
jack reacher
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November 08, 2015, 09:24:06 PM
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Having the title to a car you could potentially junk for just as much money as you could sell, especially when it's such a low-valued vehicle isn't much collateral.
For all we know you're planning on burning this car and using the title as a way to scam someone out of 2BTC.

Holding on to the title when the car is practically garbage means nothing; You could have over-paid for this car, found out mechanical issues and are now attempting to make up loss.

I'm sorry your story doesn't hold up to my paranoid scrutiny, and I suggest you find different collateral or a different means to liquidate your vehicle.

that doesnt not make sense at all dude. you could not junk a car for close to the value of it . the car was just inspected in october.  The buyer would come see as i already said numerous and requested someone in my area so nothing you said makes any sense at all. How do you think title loans work in real life genius? they are inspected by the potential lender. I went over this already. Please at least read the posts already here before creating some elaborate scam scenario in your head. These loans happen everywhere everyday in the world, just not with bitcoin. a

holding on the title is what is done EVERYDAY as collateral for loans dude. look it up . google is your friend.
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November 08, 2015, 09:31:29 PM
 #13

Having the title to a car you could potentially junk for just as much money as you could sell, especially when it's such a low-valued vehicle isn't much collateral.
For all we know you're planning on burning this car and using the title as a way to scam someone out of 2BTC.

Holding on to the title when the car is practically garbage means nothing; You could have over-paid for this car, found out mechanical issues and are now attempting to make up loss.

I'm sorry your story doesn't hold up to my paranoid scrutiny, and I suggest you find different collateral or a different means to liquidate your vehicle.

that doesnt not make sense at all dude. you could not junk a car for close to the value of it . the car was just inspected in october.  The buyer would come see as i already said numerous and requested someone in my area so nothing you said makes any sense at all. How do you think title loans work in real life genius? they are inspected by the potential lender. I went over this already. Please at least read the posts already here before creating some elaborate scam scenario in your head. These loans happen everywhere everyday in the world, just not with bitcoin.

Please stop just rambling angrily like a child every time someone has a legitimate concern about the way you're attempting to transact business. Everything I said makes perfect sense and the fact that you choose to entirely re-direct my question, rather than answer it really does say a lot.

I'm just saying that it would be extremely easy for you to get into an "accident", "total it" or do something else to end it up in the junkyard and render the collateral without value.
My point being is this "title loan" going to be complex and in-depth enough to have contingency clauses and alternative collateral?
jack reacher
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November 08, 2015, 09:36:18 PM
 #14

Having the title to a car you could potentially junk for just as much money as you could sell, especially when it's such a low-valued vehicle isn't much collateral.
For all we know you're planning on burning this car and using the title as a way to scam someone out of 2BTC.

Holding on to the title when the car is practically garbage means nothing; You could have over-paid for this car, found out mechanical issues and are now attempting to make up loss.

I'm sorry your story doesn't hold up to my paranoid scrutiny, and I suggest you find different collateral or a different means to liquidate your vehicle.

that doesnt not make sense at all dude. you could not junk a car for close to the value of it . the car was just inspected in october.  The buyer would come see as i already said numerous and requested someone in my area so nothing you said makes any sense at all. How do you think title loans work in real life genius? they are inspected by the potential lender. I went over this already. Please at least read the posts already here before creating some elaborate scam scenario in your head. These loans happen everywhere everyday in the world, just not with bitcoin.

Please stop just rambling angrily like a child every time someone has a legitimate concern about the way you're attempting to transact business. Everything I said makes perfect sense and the fact that you choose to entirely re-direct my question, rather than answer it really does say a lot.

I'm just saying that it would be extremely easy for you to get into an "accident", "total it" or do something else to end it up in the junkyard and render the collateral without value.
My point being is this "title loan" going to be complex and in-depth enough to have contingency clauses and alternative collateral?


You are not talking about legitimate concerns , you are making up scenarios of how im trying to scam someone. A contract would obviously include elements of any title loan. again you saying i redirected anything is more bs. What did i redirect?
Also, are you in pennsylvania? Are you a potential lender? The potential lender will reside in pennsylvania like i said previous times so contract terms would then be discussed and agreed upon. You are so intent on finding some elaborate scam.
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November 08, 2015, 09:48:06 PM
 #15

You haven't said how much interest you are prepared to pay.
With the current volatility of Bitcoin two months is a very long time, especially if the means of repayment involves you receiving dollars and converting them.
Say the BB value of $2100 is real, knock off 33% for a quick sale leaves collateral of $1400 for 2BTC. What happens when/if BTC hits $700 a week into the loan?

Just as a matter of interest, if you transfer the title, is your insurance still valid? How does that work in the U.S.?

Extraordinary Claims require Extraordinary Evidence
jack reacher
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November 08, 2015, 09:51:44 PM
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You haven't said how much interest you are prepared to pay.
With the current volatility of Bitcoin two months is a very long time, especially if the means of repayment involves you receiving dollars and converting them.
Say the BB value of $2100 is real, knock off 33% for a quick sale leaves collateral of $1400 for 2BTC. What happens when/if BTC hits $700 a week into the loan?

Just as a matter of interest, if you transfer the title, is your insurance still valid? How does that work in the U.S.?

That is information that would be discusses with a potential lender.
The insurance is on the car, not on the person unless specifically exempted from the policy.
jack reacher
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November 09, 2015, 03:07:29 AM
 #17

What about minimizing my request to 2 bitcoins for 1 month, lender holds my truck and title? I have already posted an ad for it on craigslist for 1,800 and immediately have an interested buyer within a few hours just to show that i am serious about the worth of the collateral. Lender holds my truck , title, and contract?
i would need to have this done before 3pm eastern  tomorrow though as im leaving for business.
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November 09, 2015, 03:34:43 AM
 #18

What about minimizing my request to 2 bitcoins for 1 month, lender holds my truck and title? I have already posted an ad for it on craigslist for 1,800 and immediately have an interested buyer within a few hours just to show that i am serious about the worth of the collateral. Lender holds my truck , title, and contract?
i would need to have this done before 3pm eastern  tomorrow though as im leaving for business.

I guess you can share that post on craiglist here since people can go a head and find it theirself by  doing a quick search we looking for smoothness here nothing else. Hope you get the loan for your business trip.

jack reacher
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November 09, 2015, 03:40:20 AM
 #19

What about minimizing my request to 2 bitcoins for 1 month, lender holds my truck and title? I have already posted an ad for it on craigslist for 1,800 and immediately have an interested buyer within a few hours just to show that i am serious about the worth of the collateral. Lender holds my truck , title, and contract?
i would need to have this done before 3pm eastern  tomorrow though as im leaving for business.

I guess you can share that post on craiglist here since people can go a head and find it theirself by  doing a quick search we looking for smoothness here nothing else. Hope you get the loan for your business trip.
http://pittsburgh.craigslist.org/cto/5306661941.html
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November 09, 2015, 03:40:56 AM
 #20

I Think your local money lenders can provide the loan for your vehicle as Collateral my suggestion is better you try in your local area then this forum you will get a more response.
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