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Author Topic: BTC Car/Land Loan.. need help  (Read 756 times)
GreenBits (OP)
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February 09, 2014, 10:00:22 PM
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Curious, I was wondering what procedure was required to legally and contractually put up a car, or a small piece of land as collateral for a btc loan? are there any lenders that specialize in this area, or would you guys honestly suggest getting a traditional loan on one of the assets in fiat and purchase btc with it? recently got hacked and looking at liquidation/borrowing against some of my physical assets

Appreciated in advance,
~Green
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GreenBits (OP)
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February 11, 2014, 03:28:17 PM
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anyone? i assumed this would have been answered by now, people are usually quick to chime in on this subforum


maybe if i change the title to "BIGASS LOAN/ NO COLLATERAL" I can get a reply..
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February 11, 2014, 03:29:55 PM
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Curious, I was wondering what procedure was required to legally and contractually put up a car, or a small piece of land as collateral for a btc loan? are there any lenders that specialize in this area, or would you guys honestly suggest getting a traditional loan on one of the assets in fiat and purchase btc with it? recently got hacked and looking at liquidation/borrowing against some of my physical assets

Appreciated in advance,
~Green


Lot of work and some expense. Try your local bank. Easier and cheaper.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

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February 11, 2014, 03:34:38 PM
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I think a much safer bet would be to put your planned payment into bitcoin every month, but that's just me. I've never heard of anyone offering official bitcoin loans yet.

A title loan should be quick and easy, if you are looking to quick profit on the downturn. I'd say you are a madman though, and it will likely be for nothing by the time you get dollars to an exchange. I doubt title loans are cheap, either.


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February 11, 2014, 03:41:58 PM
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Learn this Site

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ManInIron
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February 11, 2014, 05:06:29 PM
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Stay away from this site

www.btcjam.com
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February 14, 2014, 12:22:14 PM
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hehe that is "the site" site for borrowers.
erre
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February 14, 2014, 02:25:01 PM
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a notarized act should work.

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