Closed* No way to safeguard lender

[KGBSlim]

Here is the deal. I am a disabled veteran and I am close to closing a deal with a legit company for basically selling out future payments of my benefits. I don't like the terms because they will not let me pay more monthly and therefore the interest just chews up the total and I would end up paying double what I borrowed. The way this would work is each month I would either deposit directly into a bank account only the lender would have control of after I recieve my pay or buy 1K worth of BTC and transfer back to lender This is no collateral but you would have exactly the same info as the company I'm working with has for verification. You lend 17K and the following month you receive 1K for a total of 2 years.  Figured I would try here before I go through with what I am pursuing now. Any questions please ask right on here, and I will answer ASAP. I realize 17K is not chump change and I can understand if someone wants to keep their privacy, mine is not needed since I look at this as a business loan. I have some bills I want to pay off and I am looking to buy a or rent a nicer house. I am in school and my Gi Bill housing allowance is good for 2.5 more years so that covers the 1K I would be missing out on a month. I'm not a scammer and if you're goin to start that kind of talk just carry on you will just be wasting both of our time. Any inquiries feel free to comment and I will get right back to you. We can do this in a contract if you are not worried about keeping yourself anonymous.
Thank you

Edit - I  should of not even attempted to see if I could work a deal on here. I was figuring someone would have their business plan together enough to work with as far as safeguards for a lender by now. I guess BTC business/lenders hasn't got that far yet. I figured since a legit company can do what I was In works with here, that some entity in the BTC community would of had same resources and so on to do a similar offer but maybe not as gouging as "Veterans Benefits Leverage". I was not wanting to be anonymous and I was not trying to scam. I've always been straight up in real life and on here. I apologize for not thinking thoroughly before I posted, I should of known better beings most people like the anonymous part of BTC and that makes anything legally binding kind of hard to do. I know scamming runs rampant on here so I can understand why nobody would want to do business. Silly me for not thinking more before I posted. But I just want all of you to know I would Never Ever scam anybody not even a stranger or someone I didn't like. I doubt I'll ever sell anything on here since my mining days are done but I still don't want people wrongfully accusing me as a scammer when I have scammed nobody ever. All I did was offer a loan proposal at a lower amount of payback than what I'm going to get from current deal I'm almost closed on. Sorry BTC forum peeps for not thinking and my language, I don't tolerate being accused of being a scammer or being heckled by a civilian from another country who knows nothing about me or my service.

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[1714948441]

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[Vod]

Here is the deal. I am a disabled veteran and I am close to closing a deal with a legit company for basically selling out future payments of my benefits. I don't like the terms because they will not let me pay more monthly and therefore the interest just chews up the total and I would end up paying double what I borrowed. The way this would work is each month I would either deposit directly into a bank account only the lender would have control of after I recieve my pay or buy 1K worth of BTC and transfer back to lender This is no collateral but you would have exactly the same info as the company I'm working with has for verification. You lend 17K and the following month you receive 1K for a total of 2 years.  Figured I would try here before I go through with what I am pursuing now. Any questions please ask right on here, and I will answer ASAP. I realize 17K is not chump change and I can understand if someone wants to keep their privacy, mine is not needed since I look at this as a business loan. I have some bills I want to pay off and I am looking to buy a or rent a nicer house. I am in school and my Gi Bill housing allowance is good for 2.5 more years so that covers the 1K I would be missing out on a month. I'm not a scammer and if you're goin to start that kind of talk just carry on you will just be wasting both of our time. Any inquiries feel free to comment and I will get right back to you. We can do this in a contract if you are not worried about keeping yourself anonymous.
Thank you

I'd love to see a lender try and collect on this one when the guy scams.  Harassing a disabled veteran!!!      

[KGBSlim]

I didn't lose my integrity just because I'm no longer active duty. But thanks for the negative comment. I appreciate it!

[Vod]

I didn't lose my integrity just because I'm no longer active duty. But thanks for the negative comment. I appreciate it!

Love the US military!  No pride at all.  Spit in their face, they'll thank you and ask for another!   

[KGBSlim]

Durp durp.....gotta love the keyboard warriors! Everyone is badass from behind a computer screen. Move on and stop wasting my time guy.

[Vod]

Durp durp.....gotta love the keyboard warriors! Everyone is badass from behind a computer screen.

You just described the majority of the US military - probably including yourself!  durp durp!   

[KGBSlim]

Most of the military, I was 11B so go back to not having a sex life and running your trap online, it's very noble of you and extremely brave....

[Vod]

Most of the military, I was 11B so go back to not having a sex life and running your trap online, it's very noble of you and extremely brave....

11B?  That must be some sort of military intelligence unit, since you know so much!   

I was a bouncer for years - I was a lot braver than you ever needed to be, hiding behind a computer screen.  Durp durp!



The fact is, no one is going to give a person living on fixed income a loan.  Especially when they won't be able to collect.  Pretending to be a hero doesn't help either.

[KGBSlim]

It's an MOS, 11B is Infantry. I didn't say I was hero, compared to you It probably seems that way. Again piss off, I already have things lined up this was just another option. Im just trying to save a few thousand, I don't care what some random turd trolling thinks. Don't you have anything else to do besides talk shit to people you don't know on the Internet?

[KGBSlim]

A bouncer? Wow I know fat tankers that could do that job.

[Vod]

A bouncer? Wow I know fat tankers that could do that job.

It's not a difficult job, but fat tankers usually can't do it.  You just need to be in shape, esp when long fights break out.  Fat guys can't fight for more than 30 seconds at a time. 

[Vod]

Im just trying to save a few thousand, I don't care what some random turd trolling thinks. Don't you have anything else to do besides talk shit to people you don't know on the Internet?

Don't you?  

There is your scam - if you were trying to save a few thousand, you would have gone with more traditional means of getting the money.

You are going for loan shark interest simply because the currency is non-reversible and you won't ever have to pay it back.

Interest Rate   35.577%

[KGBSlim]

Wrong! Benefits are untaxed and do not count as income, so to my bank I make almost 29K less a year and they will only give me 8500.00 unsecured. Now sit down, you don't know shit.

[Vod]

Wrong! Benefits are untaxed and do not count as income, so to my bank I make almost 29K less a year and they will only give me 8500.00 unsecured. Now sit down, you don't know shit.

So why didn't you take the $8500 from a bank at reasonable interest rates, and only have to borrow $8500 at loan shark rates?

Because you would have to pay the bank back.  There is no other reason why you would want to pay thousands more in interest.   

[KGBSlim]

Wrong! Benefits are untaxed and do not count as income, so to my bank I make almost 29K less a year and they will only give me 8500.00 unsecured. Now sit down, you don't know shit.

So why didn't you take the $8500 from a bank at reasonable interest rates, and only have to borrow $8500 at loan shark rates?

Because you would have to pay the bank back.  There is no other reason why you would want to pay thousands more in interest.   

I didn't take the 8500.00 because it does not cover what I need. Why would I take a loan out if it doesn't meet my needs? I don't need spending cash for shits n giggles. I already have the funds in the working I had planned on using the same contract basically the company is using. Pretend I wanted a 20K gold necklace or whatever you want, would it make sense to take out a loan for 10K and not have the rest? You sir are a fucking asshole! I've never scammed anybody, wish I knew the guy's name from Amsterdam who wanted to send me 15.5K up front for my Jupiter last year, I refused that because I wouldn't want to be responsible if something out of my power happened. How are you going to give me negative trust when you have had no dealings with me? You've just made bullshit assumptions and treated them as fact like you're some kind of wizard know it all. Drop dead asshole! What country do you live in where people are only required to pay banks back or where veterans aren't held responsible for debts? You're a piece of shit ! I hope you choke on balls fag!

[Vod]

I didn't take the 8500.00 because it does not cover what I need. Why would I take a loan out if it doesn't meet my needs? I don't need spending cash for shits n giggles. I already have the funds in the working I had planned on using the same contract basically the company is using. Pretend I wanted a 20K gold necklace or whatever you want, would it make sense to take out a loan for 10K and not have the rest? You sir are a fucking asshole! I've never scammed anybody, wish I knew the guy's name from Amsterdam who wanted to send me 15.5K up front for my Jupiter last year, I refused that because I wouldn't want to be responsible if something out of my power happened. How are you going to give me negative trust when you have had no dealings with me? You've just made bullshit assumptions and treated them as fact like you're some kind of wizard know it all. Drop dead asshole! What country do you live in where people are only required to pay banks back or where veterans aren't held responsible for debts? You're a piece of shit ! I hope you choke on balls fag!

This is what the US army produces!  

In the future, take the $8,500 from the bank and only ask for $8,500 here.  You'll save yourself thousands of dollars in interest (you said that's what you wanted to do, right?) and won't look like such a scammer.  durp durp.

KGBSlim (taking out loan at bank):  I'd like to borrow $120,000 to buy a house please.
Bank:  We can only offer you $100,000 at 5%
KGBSlim:  Fuck you!  It doesn't cover what I need.  I'll borrow the entire $120,000 at 35%.

 

[KGBSlim]

You're a moron, if I have out another loan of 8500.00 my bank is NOT going to issue me the credit since I have too much out, if I take it first from the bank what happens when I don't get the loan on here? (The income stream buyer does a minimum of 40% of payment buyouts) durp durp durp!

[Vod]

You're a moron, if I have out another loan of 8500.00 my bank is going to issue me the credit since I have too much out

Any coins you get from here wouldn't be included on any report and your bank would be none the wiser, and you know this - it's part of your scam.  Since you were already approved for $8500 from the bank you should have asked for $8500 here.  But nope, you asked for $17000 here at 7x the interest because you would have to pay the bank back.

When you learn basic maths and can compute simple interest, you come back and call me a moron again.  Until then, coming from a grunt, it doesn't mean much.  

[KGBSlim]

Do you not fucking read? It would be under contract and that shit would have to be reported for one it's over 10K !! Non expert in US laws you are.

[KGBSlim]

Let me get this straight, you can deposit 17k into your bank without having to fill out forms from the IRS? Or whatever since you obviously aren't in the USA? I cashed in 15 when they were at 1K each and I had to explain and show proof from where they came from and the purpose. Reciepts and all....