Greetingz, everyone...
Ok, so this is the first time I've asked for a loan from the community. (well, technically, the 2nd time, since I cancelled my first listing, and re-listed it with a lower amount)
You can find my BTCJam listing here:
http://btcjam.com/listings/724In a nutshell, I had to be treated in the ER a monthish ago for a dislocated jaw. (my hinge-bones are broken and I have TMJ, which affects how well my jaw stays aligned, which I can usually manage with Motrin, but occasionally, on average every couple/few years, it requires more treatment)
Anyways, just bad timing this time, I need to defer getting this paid off until next year.
It isn't necessary, just the difference between having mom's house paid off for xmas, or for her birthday in February... I'm shooting for xmas, and until my ER visit, I was on target to make it by xmas.
My identity is verified through BTCJam.
My listing is for 117.165 BTC, and is, at the time of this posting, already ~48% funded.
My listing expires in 7 days (2012-12-11)
I have set the terms to be a 365 day loan with payments every 10th of the month, at 3.14159% (yeah, yeah, I know, but it seemed like a nice round number)
I don't expect it to take 365 days to pay it back, I just prefer to be conservative, just in case, and make my payments early, than to be too optimistic, and end up paying late.
If I can get the loan over 70% funded by the expire date, then it will go active, and if not, all pledged funds will be returned to the lenders automatically.
By my math, if I can get at least 85% funded, then I can make my self-imposed deadline. If I end up not being able to make it, I will immediately make all of the scheduled repayments the loan amount will cover, and then pay the last payments (for the interest) after the new year.
I fully realize that the BTC exchange rate is likely to continue to rise more, due to the halving, instead of dropping like previous years, due to xmas cashing out. I'm fine with this.
If this loan doesn't go through, I won't be re-listing it again on BTCJam, as by the time a 3rd attempt would fund, my window of opportunity would be gone.
If any of you are interested in helping to fund my loan, I would appreciate it.
Thank you for your time.
-- Smoov
