In fairly dire need of a $25k USD loan

Kluge

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Quote from: exahash on September 14, 2012, 08:34:02 PM

Quote from: Kluge on September 13, 2012, 11:38:08 PM

Not sure why this slipped my mind, earlier. I'm going to look into credit cards. I've never taken anything outside of 0% APR offers, but maybe I can snag a credit line over $5k if I accept paying interest. Probably worth going to main CU branch and seeing if there's anything they can do to help me out. Doubt it, but worth trying now that I'm after USD.

Cards are your best bet. I have bootstrapped two different business with 0% APR cards. Think hard about your household income. The higher you say it is, the better the lines will be. I'm not saying to lie, just make sure you include everything you possibly can. If your credit score is good, you should be able to get multiple cards to reach your total.

If you want a pretty sound strategy and discussion on getting a bunch of cards, check out http://www.fatwallet.com/forums/finance/ Look for the threads labelled AOR (app-o-rama).

If your 401k is in equities, I wouldn't touch it. QE3 means inflation. Plus retirement accounts are usually excluded from bankruptcy.

Thanks. Looking through there and locking this thread. 1% MPR on USD loan offer's still open, and I'd be willing to provide all information requested, but I won't need $25k anymore. My income's in USD, debt'll be in USD, no reason I shouldn't be using conventional finance. Cheers,
Ben

exahash

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Activity: 278

Merit: 250

Quote from: Kluge on September 13, 2012, 11:38:08 PM

Not sure why this slipped my mind, earlier. I'm going to look into credit cards. I've never taken anything outside of 0% APR offers, but maybe I can snag a credit line over $5k if I accept paying interest. Probably worth going to main CU branch and seeing if there's anything they can do to help me out. Doubt it, but worth trying now that I'm after USD.

Cards are your best bet. I have bootstrapped two different business with 0% APR cards. Think hard about your household income. The higher you say it is, the better the lines will be. I'm not saying to lie, just make sure you include everything you possibly can. If your credit score is good, you should be able to get multiple cards to reach your total.

If you want a pretty sound strategy and discussion on getting a bunch of cards, check out http://www.fatwallet.com/forums/finance/ Look for the threads labelled AOR (app-o-rama).

If your 401k is in equities, I wouldn't touch it. QE3 means inflation. Plus retirement accounts are usually excluded from bankruptcy.

chungenhung

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Quote from: Kluge on September 13, 2012, 11:38:08 PM

Not sure why this slipped my mind, earlier. I'm going to look into credit cards. I've never taken anything outside of 0% APR offers, but maybe I can snag a credit line over $5k if I accept paying interest. Probably worth going to main CU branch and seeing if there's anything they can do to help me out. Doubt it, but worth trying now that I'm after USD.

You shouldn't have any problem getting credit line over $5000, even for 0% APR.

Kluge

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Activity: 1218

Merit: 1015

Not sure why this slipped my mind, earlier. I'm going to look into credit cards. I've never taken anything outside of 0% APR offers, but maybe I can snag a credit line over $5k if I accept paying interest. Probably worth going to main CU branch and seeing if there's anything they can do to help me out. Doubt it, but worth trying now that I'm after USD.

Kluge

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Activity: 1218

Merit: 1015

Quote from: chungenhung on September 13, 2012, 12:40:00 PM

Quote from: Kluge on September 13, 2012, 11:02:52 AM

Quote from: chungenhung on September 13, 2012, 10:55:16 AM

Quote from: Kluge on September 13, 2012, 03:49:20 AM

Quote from: Eisenhower34 on September 12, 2012, 08:20:30 AM

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

Repayment comes from emptying the 401(k) starting in January at a rate of between $5k-10k/mo. I don't want to start draining it this tax year for reasons I'd prefer to keep to myself.

Why not put the lien on the house?
Since you know for sure that you will be emptying the 401(k), your house will not be at risk.
Unless..... you don't intend to pay back the loan at all, and you just throw in the 401(k) to make people believe you.
No, I am not trolling, I would like you to get the loan, and so your investors get paid.

BTW, I have NO OUTSTANDING business relationship with Kluge.

I'm fairly sure banks won't do a personal loan against the house without 2 years' employment on tax records. I could be wrong, though.

No, I am talking about forum members lending to you, not banks.

Yeah, I could do that, then.

chungenhung

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Activity: 1134

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Quote from: Kluge on September 13, 2012, 11:02:52 AM

Quote from: chungenhung on September 13, 2012, 10:55:16 AM

Quote from: Kluge on September 13, 2012, 03:49:20 AM

Quote from: Eisenhower34 on September 12, 2012, 08:20:30 AM

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

Repayment comes from emptying the 401(k) starting in January at a rate of between $5k-10k/mo. I don't want to start draining it this tax year for reasons I'd prefer to keep to myself.

Why not put the lien on the house?
Since you know for sure that you will be emptying the 401(k), your house will not be at risk.
Unless..... you don't intend to pay back the loan at all, and you just throw in the 401(k) to make people believe you.
No, I am not trolling, I would like you to get the loan, and so your investors get paid.

BTW, I have NO OUTSTANDING business relationship with Kluge.

I'm fairly sure banks won't do a personal loan against the house without 2 years' employment on tax records. I could be wrong, though.

No, I am talking about forum members lending to you, not banks.

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: chungenhung on September 13, 2012, 10:55:16 AM

Quote from: Kluge on September 13, 2012, 03:49:20 AM

Quote from: Eisenhower34 on September 12, 2012, 08:20:30 AM

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

Repayment comes from emptying the 401(k) starting in January at a rate of between $5k-10k/mo. I don't want to start draining it this tax year for reasons I'd prefer to keep to myself.

Why not put the lien on the house?
Since you know for sure that you will be emptying the 401(k), your house will not be at risk.
Unless..... you don't intend to pay back the loan at all, and you just throw in the 401(k) to make people believe you.
No, I am not trolling, I would like you to get the loan, and so your investors get paid.

BTW, I have NO OUTSTANDING business relationship with Kluge.

I'm fairly sure banks won't do a personal loan against the house without 2 years' employment on tax records. I could be wrong, though.

chungenhung

legendary

Activity: 1134

Merit: 1005

Quote from: Kluge on September 13, 2012, 03:49:20 AM

Quote from: Eisenhower34 on September 12, 2012, 08:20:30 AM

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

Repayment comes from emptying the 401(k) starting in January at a rate of between $5k-10k/mo. I don't want to start draining it this tax year for reasons I'd prefer to keep to myself.

Why not put the lien on the house?
Since you know for sure that you will be emptying the 401(k), your house will not be at risk.
Unless..... you don't intend to pay back the loan at all, and you just throw in the 401(k) to make people believe you.
No, I am not trolling, I would like you to get the loan, and so your investors get paid.

BTW, I have NO OUTSTANDING business relationship with Kluge.

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: Eisenhower34 on September 12, 2012, 08:20:30 AM

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

Repayment comes from emptying the 401(k) starting in January at a rate of between $5k-10k/mo. I don't want to start draining it this tax year for reasons I'd prefer to keep to myself.

TheBible

full member

Activity: 125

Merit: 100

Quote from: silverbox on September 11, 2012, 08:48:37 AM

Quote from: Fluttershy on September 11, 2012, 08:33:02 AM

I will gladly pay you Tuesday for a hamburger today.

I hope you get your loan Kluge. Pirate seems to be taking down alot of peeps Sad

His name was pirate, and he was offering 7% returns a week, there's no way it wasn't a ponzi and everyone who got taken in it knew it and deserves what they got for trying to game it.

guruvan

hero member

Activity: 532

Merit: 500

considering your well publicized (by you) insolvency, it would seem that a $25K uncollaterized loan is insane - why don't you offer a 2nd place lien on the house?

without documentation on how you intend to repay the loan, it seems very unclear the amount of real risk, leaving most to assume it's astronomical (if you review your own post history, you wouldn't lend you money - you have clearly lacked any sort of a business plan, and as such have consistently lost money. this isn't a very promising track record)

I have lost money due to your poor financial management - I'm not sure how you're going to use that skill to creatively finance your way out of this hole. Your one investment in pirate didn't lose my money. You've shown consistent losses.

I have seen creative financing work - I've seen my father pay bills for 10yrs by paying one loan off with a new loan at a new rate - I just don't see a track record showing your clear ability to achieve this.

Eisenhower34

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Quote from: drrussellshane on September 12, 2012, 08:39:39 AM

It is spelled "debt".

Your "b" is upside down.

Thanks, there must pe a broplem with with my keypoard. Cheesy

drrussellshane

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Activity: 546

Merit: 500

Quote from: Eisenhower34 on September 12, 2012, 08:20:30 AM

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

It is spelled "debt".

Your "b" is upside down.

Endgame

sr. member

Activity: 412

Merit: 250

Will you be repaying the loan using your lending/CD business, or are you trying to wind that up?

Eisenhower34

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Activity: 906

Merit: 1002

I understand that replacing a loan with a cheaper one, saves you some depts, but you still make minus every month and without any income...

Quote from: Eisenhower34 on September 11, 2012, 02:30:31 PM

So ... how do you plan to pay back the dept?

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: Severian on September 11, 2012, 10:13:35 AM

Quote from: Kluge on September 11, 2012, 05:33:20 AM

Current Equity (excl. defaulted loans) = ~$80k (+- $5k)

You need to liquidate what you can and get even without going into debt. Take the job you've been offered and pare down your lifestyle. The notion of taking on more debt to pay debts is a remnant of thinking left over from the post-Bretton Woods world that is now long gone.

I know you're asking for a loan, not advice. Only a vulture would give you a loan based upon your info. At least my advice isn't interest-bearing.

Like I mentioned - I need to keep from touching the 401(k) until next year. The loan replaces much higher-interest loans in the form of BDK.BND, which I'm paying 1% weekly on. Since I've called almost all of the good loans, I don't really have any BTC left, either, subjecting me to a lot of currency risk.

I notice everyone still thinks I'm having troubles now because I invested directly in Pirate. Roll Eyes

dank

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You cannot kill love

Quote from: heatstroke on September 11, 2012, 01:08:52 PM

Quote from: BorderBits on September 11, 2012, 11:05:51 AM

So were all these scam operators insisting they weren't a scam because they were just too young and dumb to figure out that paying old investors with new investor's money isn't a feasible business model? It's like they stumbled upon the idea of Ponzi and believed that it would really work because why on Earth would anyone stop investing with the returns provided?!?!?

Now some unemployed loser is looking for $25k. That sure would be a smart investment.

At least dank is a loser with a plan. That plan is "buy me a house, hookah bar and a car and when I'm a millionaire rockstar I'll pay you back with interest," but it's still a plan.

No need to spread misinformation, my friend.

hashman

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try prosper.com or similar services

Vladimir

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Activity: 812

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-

Quote from: DeathAndTaxes on September 11, 2012, 02:46:55 PM

Quote from: heatstroke on September 11, 2012, 01:08:52 PM

At least dank is a loser with a plan. That plan is "buy me a house, hookah bar and a car and when I'm a millionaire rockstar I'll pay you back with interest," but it's still a plan.

In dank defense his plans have been getting better. I would be more likely to fund that, than to fund this "plan" which is pay for debt by taking on more debt.

He learns from the "best", Ben, Mervin and Mario would be proud.

sturle

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https://bitmynt.no

Quote from: Kluge on September 11, 2012, 05:33:20 AM

*355BTC in good loans
*6040BTC in defaulted loans

Didn't the subprime mortgage crisis teach people anything?

Topic: In fairly dire need of a $25k USD loan (Read 3874 times)