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Author Topic: Need a loan of £5000 ~ 1.12BTC  (Read 628 times)
stoat (OP)
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November 04, 2018, 09:35:29 PM
 #1

It’s to restart my business which is a small removals business in London England.
It’s extremely profitable when running.

I don’t have any collateral but the money will mostly be used to buy a goods vehicle which can be held in the name of the lender. I can pay back 2 BTC in 4 months. 

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November 04, 2018, 09:45:33 PM
 #2

It’s to restart my business which is a small removals business in London England.
It’s extremely profitable when running.

I don’t have any collateral but the money will mostly be used to buy a goods vehicle which can be held in the name of the lender. I can pay back 2 BTC in 4 months.  


Based on your post history, this would be a risky loan for anyone.  Your interest rate is too good to be true.

Your collateral would also go down in value over time, and the lender would need to spend money to collect it.

Also, the lender would have to monitor you to make sure you had full insurance on the vehicle.  :/

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November 04, 2018, 09:55:22 PM
 #3

It’s to restart my business which is a small removals business in London England.
It’s extremely profitable when running.

I don’t have any collateral but the money will mostly be used to buy a goods vehicle which can be held in the name of the lender. I can pay back 2 BTC in 4 months. 


Do you have any evidence of the profitability of the business? You have provided extremely insufficient information to judge your eligibility for what appears to be a substantial loan.
stoat (OP)
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November 04, 2018, 09:57:17 PM
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Based on your post history, this would be a risky loan for anyone.  Your interest rate is too good to be true.

Your collateral would also go down in value over time, and the lender would need to spend money to collect it.

Also, the lender would have to monitor you to make sure you had full insurance on the vehicle.  :/

My post history is mainly just retarded shilling and trolling. My offer would suit a UK based lender. The vehicle would be fully insured. I’m open to any imaginative terms or ideas for how I can get this financing.

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shasan
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November 04, 2018, 09:57:56 PM
Last edit: November 04, 2018, 10:16:37 PM by shasan
 #5

Your collateral would also go down in value over time, and the lender would need to spend money to collect it.

Also, the lender would have to monitor you to make sure you had full insurance on the vehicle.  :/
Where you saw the collateral? I am sorry but I could not find out the collateral. Op mentioned that s/he will use the BTC to buy vehicle. And that will be in the name of the lender.
Do you think future income/capital/goods can be valid collateral? I do not think even I do not think it can be a collateral. Collateral should be sent before taking loan/product.
Edit:
According to you - Items not in hand. cant be valid collateral. But in this case how you can call it a valid collateral.
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November 04, 2018, 09:59:33 PM
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 #6

this account woke up in june after zero posts in about 1 1/2 years during which time he learned chinese judging by the post history Wink

All English up until nov 2016.

Posting gap until June 2018

chinese posts appear in August 2018

Now back to English.

Stinks of hacked / purchased account.  Probably needs red flagging
stoat (OP)
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November 04, 2018, 10:03:37 PM
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Do you have any evidence of the profitability of the business? You have provided extremely insufficient information to judge your eligibility for what appears to be a substantial loan.

Removals is 90% a cash business.  2-3-4-5 years ago I was pulling in on average £4000 month profit with it. Hardly any of it touched a bank account haha. Also, I used to accept bitcoin. The first and one of the only removals businesses to accept btc in the UK. The newspaper even did a story about me.

I understand it is a large amount for the average person to loan out but I’m looking for a professional or semi-pro lender for this start up/restart up loan

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November 04, 2018, 10:05:20 PM
 #8

I don’t have any collateral but the money will mostly be used to buy a goods vehicle which can be held in the name of the lender. I can pay back 2 BTC in 4 months. 

Base on your reputation:

and posting style: https://archive.fo/QQM52
I do not think you will got the loan from bitcointalk user who personally don't know you.
stoat (OP)
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November 04, 2018, 10:05:27 PM
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this account woke up in june after zero posts in about 1 1/2 years during which time he learned chinese judging by the post history Wink

Stinks of hacked / purchased account.  Probably needs red flagging

對我會講中文。 I speak chinese fluently due to having lived there a long time. People can be bilingual without being a scammer. If you delve REALLY far back into my post history you will see I post in Chinese years ago too. Talking about ETH back before it was $2

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stoat (OP)
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November 04, 2018, 10:09:08 PM
 #10

I don’t have any collateral but the money will mostly be used to buy a goods vehicle which can be held in the name of the lender. I can pay back 2 BTC in 4 months. 

Base on your reputation:

and posting style: https://archive.fo/QQM52
I do not think you will got the loan from bitcointalk user who personally don't know you.

Yeah I used to troll spoetnik/anonymint back in the day “dishonest information about Ethereum” LOL if he’d have listened to me he would have made TONNES of money. That other guy I’ve never had any dealings with probably angry due to my shilling of ETH.

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November 04, 2018, 10:12:57 PM
 #11

I speak chinese fluently due to having lived there a long time. People can be bilingual without being a scammer. If you delve REALLY far back into my post history you will see I post in Chinese years ago too.
Right, I can see the Chinese language you have used on 2015, Re: 大家说说,目前最有前途的币是什么? that means you are the real owner of the account. But it doesn't mean any safety of the loan amount.
stoat (OP)
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November 04, 2018, 10:21:05 PM
 #12

I understand.  That’s why I’m looking for a UK lender who I can meet with face to face if nessesary I’m wracking my brains for something to give security to the lender...kneecaps?
I fully intend to get back to work immediately and pay this money back. My gf just gave birth to my son at this financially shitty time for me so just looking for a way forward with things

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stoat (OP)
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November 06, 2018, 07:09:35 PM
 #13

Still looking

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November 07, 2018, 09:35:00 PM
 #14

Still looking

Go make an MKR CDP...

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stoat (OP)
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November 08, 2018, 08:56:21 AM
 #15


Lend me some ETH so I can

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ThatRandom8543
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November 08, 2018, 09:33:53 AM
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Provide valid collateral that is 120% of what youre asking so you can use that to go get a loan from CDP
stoat (OP)
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November 08, 2018, 11:06:04 PM
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Provide valid collateral that is 120% of what youre asking so you can use that to go get a loan from CDP


We’re going round in circles here.

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November 15, 2018, 04:08:15 PM
 #18

you seemed to be a reputable person.  can you get a loan from bank in UK?  or if possible, can you just borrow from friends/relatives?  i think they can be persuaded easily more than the lenders here.  besides, borrowing from friends/relatives usually means lower or no interest.
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November 16, 2018, 04:58:57 PM
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the interst is too high to be true ! good luck with your loan
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November 22, 2018, 07:01:42 PM
 #20

I know this is a bit off-topic, but have you considered a loan from a credit union like Zopa? They may be able to lend you the amount you need.

I am betting that no one would risk a 1.12 BTC loan in those circumstances. The vehicle would have recovery costs and could go down in value, would be worthless to an international lender.
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