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Author Topic: i am in debt  (Read 1258 times)
mishra1994u (OP)
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March 30, 2016, 02:17:37 PM
 #1

Hello i need some help i am in a bit of trouble...i am in debt..i have 0.5btc loan due at btcpop and right now i have nothing ..what should i do now..how can i repay that loan..and what will they do with me if i am not able to repay that for some time
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March 30, 2016, 02:21:34 PM
 #2

Why did you get a loan if you know you can't repay it?  Undecided
Basically you will be known as a scammer. Now with the personal details you gave btcpop, they can track you to where you live and they can can take legal actions against your loan default.
mishra1994u (OP)
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March 30, 2016, 02:35:51 PM
 #3

no no i have repaid approx 3.5btc there already...i have a good reputation there..but due to some family problems i am not able to repay them now..i can repay if i get time..0.5 btc is not that big amount..but i need more time..but until then dont know what will they do
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March 30, 2016, 02:39:12 PM
 #4

no no i have repaid approx 3.5btc there already...i have a good reputation there..but due to some family problems i am not able to repay them now..i can repay if i get time..0.5 btc is not that big amount..but i need more time..but until then dont know what will they do

Here it's the wrong place to ask this, i would get in direct toucht to the people who did the loan thats far more easy because here you will not get any loan if you have no valid collateral (valid collaterals) are this : https://bitcointalk.org/index.php?topic=577765.0

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March 30, 2016, 02:41:17 PM
 #5

Hello i need some help i am in a bit of trouble...i am in debt..i have 0.5btc loan due at btcpop and right now i have nothing ..what should i do now..how can i repay that loan..and what will they do with me if i am not able to repay that for some time

When you took the loan did you have any way to repay it or..?

If you're looking to earn some BTC with your webcam my website is up.
Go make a performer account, Start streaming something interesting and share your cam link.

Not really much else I can say other than you're gonna have to work and do something to earn BTC to get that debt paid.


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jacee
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March 30, 2016, 02:51:29 PM
 #6


Here it's the wrong place to ask this, i would get in direct toucht to the people who did the loan thats far more easy because here you will not get any loan if you have no valid collateral (valid collaterals) are this : https://bitcointalk.org/index.php?topic=577765.0
The guy is not asking for a loan. He is asking what btcpop will do if he defaults his loan in there. Stop spamming your signature without even bothering to read and analyze his problem.
no no i have repaid approx 3.5btc there already...i have a good reputation there..but due to some family problems i am not able to repay them now..i can repay if i get time..0.5 btc is not that big amount..but i need more time..but until then dont know what will they do
If you have already repaid that much then maybe you can ask them for an extension? Try to communicate with the people who invested in your loan.
Now if you want to have the money to repay, you need to find ways to earn those 0.5 BTC, maybe try selling some of your stuffs for a quick money?
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March 30, 2016, 02:55:40 PM
 #7

no no i have repaid approx 3.5btc there already...i have a good reputation there..but due to some family problems i am not able to repay them now..i can repay if i get time..0.5 btc is not that big amount..but i need more time..but until then dont know what will they do
Talk to the people you owe money to. Let them know your willingness to pay back.
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March 30, 2016, 02:58:34 PM
 #8

get a job, dude. 0.5BTC is about $210 so it shouldn't take you a long time to get it.
or sell your PC or your phone or anything you currently have that can be sold. you got to have one.

                                                                       
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mishra1994u (OP)
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March 30, 2016, 03:03:17 PM
 #9

are there any ways to earn some btc online...so that i can make partial payments there from time to time...
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March 30, 2016, 03:04:29 PM
 #10

I would suggest your first port of call should be the lender, explain to them your circumstances and ask if it is possible for a slight extension on your loan even if you have to payback a tiny bit more, at the end of the day they would like their loan repaid and so would you so I would think that would be the most sensible option initially before you start panicking and stressing.
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March 30, 2016, 03:17:22 PM
 #11

The fact that you seem to want to make it right is a good start. Try contacting the lender and keep them in the loop. And pay whatever you can, even if it's a tiny amount. Continuing to pay proves you are not trying to scam anyone, you are just having a hard time paying.

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March 30, 2016, 03:46:45 PM
 #12

What everyone is telling is correct, you have told that you have a good record and you have paid the previous loan also in time, so you can directly speak with them before they come to know from others about you are going to default the loan. So that they can help you in clearing the loan which you have got it. 0.5 btc is really nothing when you have paid them 3.5 btc before also.

mishra1994u (OP)
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March 30, 2016, 04:05:20 PM
 #13

thanks for those suggestions so far...i know i will repay but till then it gives a lot of tension and stress
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March 30, 2016, 04:18:08 PM
 #14

thanks for those suggestions so far...i know i will repay but till then it gives a lot of tension and stress

That is why it is told that Gamble with only the money which you can afford and dont take loan and play gambling. Dont worry your problem will be solved as their are so many wise advice you have got.
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March 30, 2016, 07:08:49 PM
 #15

Well gambling usually turns into a loss,and looks like you managed your loan on the wrong way,soo sure contact the people who lended you the money since you have repaid already 3.5btc i believe the missing ammount you can ask for an extension as to be able to pay in multiple times.
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March 31, 2016, 02:24:19 AM
 #16

If you are in debt, then you should probably ask for help. Ask them for an extension and what they will do to you, but they will probably mark you as a scammer.

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March 31, 2016, 02:25:06 AM
 #17

Mark you as a scammer... Until you repay the debt, which shouldn't be that long in the future based on what you're saying about yourself.

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April 01, 2016, 12:42:13 AM
 #18

Mark you as a scammer... Until you repay the debt, which shouldn't be that long in the future based on what you're saying about yourself.

Why would they be marked as a scammer? If they are actively trying to repay the loan, they are not scamming (not to mention its possible they default and the loan is a bust, not a scam), they are simply behind on payments (in which case they should pay a premium to the lender for the delay).
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April 01, 2016, 01:36:47 AM
 #19

Mark you as a scammer... Until you repay the debt, which shouldn't be that long in the future based on what you're saying about yourself.

Why would they be marked as a scammer? If they are actively trying to repay the loan, they are not scamming (not to mention its possible they default and the loan is a bust, not a scam), they are simply behind on payments (in which case they should pay a premium to the lender for the delay).


 Roll Eyes The individual is trying to finance a loan that can't be paid off with another... you guessed it. Another loan! Why would in terms of looking as a lender such as a bank give an individual a loan to pay off a previous loan...? That's basically called terribly money-management. This is individual has an outstanding loan of .5 bitcoin and seeks to remedy the situation with another loan of .5 bitcoin.  Roll Eyes
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April 04, 2016, 11:11:48 AM
 #20

Were you able to pay back your debt mishra?
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