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Author Topic: looking for 10-20 BTC loan have collateral  (Read 494 times)
antonina2 (OP)
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January 11, 2017, 03:08:30 AM
 #1

I am new to this forum and I will continue to post, probably in the economic section since that is what I am the most familiar with when it comes to BTC.  That said, I hold a promissory note in $USD, I am paid $1250 USD/month on the original loan that I made, payments are up to date.  I have been looking to sell it through traditional avenues and the offers are terrible.  There is $55K USD left to be paid on the note and I would like to use it as collateral for a loan for approximately half of the remaining balance.  The agreement was prepared by an attorney and signed by both parties in front of a notary public.  The loan agreement between myself and my lender will stipulate that the remaining balance of the promissory note be turned over to my lender should I default.   

I will be happy to answer any questions you may have.

Thank You
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nydiacaskey01
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January 11, 2017, 03:11:46 AM
 #2

I am new to this forum and I will continue to post, probably in the economic section since that is what I am the most familiar with when it comes to BTC.  That said, I hold a promissory note in $USD, I am paid $1250 USD/month on the original loan that I made, payments are up to date.  I have been looking to sell it through traditional avenues and the offers are terrible.  There is $55K USD left to be paid on the note and I would like to use it as collateral for a loan for approximately half of the remaining balance.  The agreement was prepared by an attorney and signed by both parties in front of a notary public.  The loan agreement between myself and my lender will stipulate that the remaining balance of the promissory note be turned over to my lender should I default.  

I will be happy to answer any questions you may have.

Thank You
You are relatively new in this forum (This is your first post actually) so better check the posts about whats a valid collateral and what is not acceptable before jumping in this forum and ask for a loan right away https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902
Hint: No one funds a loan here without a valid collateral specially to newbies like you

jaceefrost
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January 11, 2017, 03:14:26 AM
 #3

I am new to this forum and I will continue to post, probably in the economic section since that is what I am the most familiar with when it comes to BTC.  That said, I hold a promissory note in $USD, I am paid $1250 USD/month on the original loan that I made, payments are up to date.  I have been looking to sell it through traditional avenues and the offers are terrible.  There is $55K USD left to be paid on the note and I would like to use it as collateral for a loan for approximately half of the remaining balance.  The agreement was prepared by an attorney and signed by both parties in front of a notary public.  The loan agreement between myself and my lender will stipulate that the remaining balance of the promissory note be turned over to my lender should I default.   

I will be happy to answer any questions you may have.

Thank You
I don't think a promisory note is a valid collateral even if youcsaid your attorney will be on the agreement.
 
What is not considered collateral?

- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.

These kinds of loans are not the ones wgo are supposed to be asked on the internet ad expect a bunch of strangers to fill it for you. Why not ask a relative or someone you know? It'll save you the process than asking it from here which will not likely to be funded at all.
Starlightbreaker
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January 11, 2017, 04:14:46 PM
 #4

I am new to this forum and I will continue to post, probably in the economic section since that is what I am the most familiar with when it comes to BTC.  That said, I hold a promissory note in $USD, I am paid $1250 USD/month on the original loan that I made, payments are up to date.  I have been looking to sell it through traditional avenues and the offers are terrible.  There is $55K USD left to be paid on the note and I would like to use it as collateral for a loan for approximately half of the remaining balance.  The agreement was prepared by an attorney and signed by both parties in front of a notary public.  The loan agreement between myself and my lender will stipulate that the remaining balance of the promissory note be turned over to my lender should I default.   

I will be happy to answer any questions you may have.

Thank You

Yes, i have one question. are you crazy or you think that we are crazy here?! lmao
post a pic with the agreement along with your noobie account-name and date.
1 small detail though...dont forget to take the pic when you will hold the papers...naked! Grin Cheesy

Gtfo from here you noob troll scammer and a Happy New Year! Kiss

shield132
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January 11, 2017, 09:56:16 PM
 #5

Do you understand yourself what are you saying or do you believe in your words? 😃 No one will come and lend you especially online where people can hide their identify and you are asking for bitcoin loan while at the same time no one can lament when payment is made in bitcoins as it isn't possible to determine reseiver. If you can to repay that, better to put your house in bank, they won't tell you no and maybe their agreement will be better, who knows?

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antonina2 (OP)
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January 11, 2017, 10:19:29 PM
 #6

Do you understand yourself what are you saying or do you believe in your words? 😃 No one will come and lend you especially online where people can hide their identify and you are asking for bitcoin loan while at the same time no one can lament when payment is made in bitcoins as it isn't possible to determine reseiver. If you can to repay that, better to put your house in bank, they won't tell you no and maybe their agreement will be better, who knows?

I totally get it, I thought I would give it a shot! Nothing to loose and managed to acquire a few good insults along the way.  Thank you for the feedback.
knightkon
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January 13, 2017, 11:26:19 PM
 #7

OP - Been in the note buying business for some time now and I have to ask the main question...   What is the note you are holding backed by?  If you are holding a promissory note that is backed by nothing as collateral, you are holding a piece of paper that you would be lucky to get a legit offer on.  If you have something the note is backed with collateral, then please PM me the details and a copy of the note.  If all adds up, I could back this loan.

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