needing urgent loan

[superxvegeta]

Needing an urgent loan either in USD or bitcoin.The only thing I have for collateral is my two whole life insurance policies,but the bank wouldn't lend because of the account value isn't enough.Im asking for $3000 or somewhere around that based of my situation.The policies are worth around $15,000 total but only in the case I die.The only way that would be worth something to someone if do a collateral assignment,and if I default on repayment(which won't happen) they would be the only person to receive the pay out.Both have accidental death riders.If somebody is willing to work with me,I won't let them down.And will pay back either in fiat or btc by April.I won't go into detail to why I need the loan,but if someone is serious about hearing me out I will apricate it.Its a longshot but Im out of options and would like to solve my problems sooner than later,and a loan is the only way possible.

[UserU]

You can't request for loan without a colleteral. No one's gonna lend without any assurance.

[superxvegeta]

collateral assignments on my whole life insurance polices

[UserU]

collateral assignments on my whole life insurance polices

According to the sticky

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Ethereum (also written as ETH).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Merit.  Bitcointalk Merit is not a commodity and is not meant to be traded.  Asking or doing so may get you negative trust (Trade with Extreme Caution!)
- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- 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.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Most pre-coins/tokens are worthless, or may take significant time to be worth anything.  
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over six months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam

Basically anything that can be liquidated ASAP are accepted. As you mentioned before:

The policies are worth around $15,000 total but only in the case I die.

That's not gonna happen anytime soon.

[Patatas]

1. Why can't you liquidate your life insurance policies? If the situations are much worse, you can in cash the policies, right?
2. How would a lender benefit from a life insurance policy as collateral? He can't liquidate that either. You can easily ditch the policy and start a new one maybe?
3. I don't think any lender here accepts that kind of stuff for lending cryptos.
4. Your best bet is still the banks.

[superxvegeta]

1. Why can't you liquidate your life insurance policies? If the situations are much worse, you can in cash the policies, right?
2. How would a lender benefit from a life insurance policy as collateral? He can't liquidate that either. You can easily ditch the policy and start a new one maybe?
3. I don't think any lender here accepts that kind of stuff for lending cryptos.
4. Your best bet is still the banks.

1.The cash value of them isn't enough to solve my situation,and also isn't worth surrendering them for that value.
2.The lender would benefit because repayment would be guaranteed as I don't want to lose them,and if I do default which wont happen,the collateral assignment paperwork,will give you authority over them.The risk on your part would be money,but the reward would be repayment asap,and at worse,you know one day you will have $15,000 coming to you,could be anyday. .These polices were started by my mother years ago and are being paid for by her.Thats why I wouldn't surrender them also,just in case.That would be some money to repay her for over the years.I just need a loan to solve some problems,and get my mind right for the Army.I tried the banks but my credit is to low(one problem) and none of my family will do that for me.
3.I need USD but can do either.
4.Tried,all banks.

I just need to get out a hole Ive been in for a while,and recently gotten too deep.

[Vod]

collateral assignments on my whole life insurance polices

Then you could just stop paying premiums, making the policy void.

[superxvegeta]

collateral assignments on my whole life insurance polices

Then you could just stop paying premiums, making the policy void.

the payments are made by my mother automatically,and at 21 I automatically took control over it even if I didn't want to,but she still make the payments.

[Vod]

collateral assignments on my whole life insurance polices

Then you could just stop paying premiums, making the policy void.

the payments are made by my mother automatically,and at 21 I automatically took control over it even if I didn't want to,but she still make the payments.

Ok.  Then you would tell your mother to stop making the payments...


Stop being dense.  You will not get a loan here unless you put up collateral.

[superxvegeta]

collateral assignments on my whole life insurance polices

Then you could just stop paying premiums, making the policy void.

the payments are made by my mother automatically,and at 21 I automatically took control over it even if I didn't want to,but she still make the payments.

Ok.  Then you would tell your mother to stop making the payments...


Stop being dense.  You will not get a loan here unless you put up collateral.

Thats the only thing I have that could possibly equal out to the amount I want.I know its a long shot,if I cant get a loan for that amount Its cool.Ill just figure out something.What form of collateral would be needed for a 0.014btc loan or something smaller so I can start building my trust.

[Vod]

Thats the only thing I have that could possibly equal out to the amount I want.I know its a long shot,if I cant get a loan for that amount Its cool.Ill just figure out something.What form of collateral would be needed for a 0.014btc loan or something smaller so I can start building my trust.

Hey, do you have like $55 cash?  I could give you directions to the nearest Western Union office.

Send it to me and I'll send you the $50 in bitcoin.  You promise to send back $55 in bitcoin.

No worries, and you will build your trust!

[andrewflames]

you can reach me on andrewflare82@protonmail.com to reach an agreement

[andrewflames]

you can reach me on andrewflare82@protonmail.com to reach an agreement