I am seeking funding to refinance higher APR debts and seeking finance in the form of 8/12/26 and 52 week amortization loans.
Background:
I currently have several debts to members of this forum outstanding alongside high interest credit card and personal loans which I wish to refinance to lower APR. The debts I wish to refinance range from 24.9% APR to over 50% APR.
I have never been late on any loans or missed a single payment. Many loans have already successfully been repaid and I am agressively repaying my debts and clearing most of them early. I will continue to do this even if I do not get any interest here.
I am in full time employment, own my own business and run a successful currency exchange service here on the forums.
My salary is currently over $40,000 per year and I will not have any problems meeting repayments since it is essentially saving me money by taking out a loan in this way.
Why not seek traditional funding?
Currently the only finance available to me is at a much higher APR than 24.9% also the ability to repay in bitcoins is a bonus for me since I have a thriving business trading bitcoins and have them readily available to me at under market value, so not only will the interest be less if I refinance to someone who accepts bitcoins at current market price, I will save some money by purchasing them under "spot" for the repayments.
To clarify; loans will be denominated in USD and repaid in USD - BTC will just be the vehicle for the fund transfer, this protects us both from volatility and will guarantee a return to the lender and guarantee I will not enter any difficulties repaying should BTC quadruple in value.
We will use mtgox average to deterime the original loan amount and use the mtgox average price for the repayments also or I can accept / pay with bitstamp / BTC-E codes.
Also if you are in the UK I can accept £ paid into my current account and either repay you with £ into yours or with BTC at market value.
Debts which I wish to restructure in interest order:
Eisenhower outstanding @ $3500 interest 5% per month.
Credit Card @ 49.9% APR - Outstanding balance £352.50 Repaid in full account closed Tradefortress outstanding @ $376.25 29% APR Repaid in full Personal loan outstanding @ £2400 24.9% APR.
I also have an outstanding loan with BTCJam @
$1816$1530 but since I still have to pay full interest if I repaid it there is no sense in paying it off early when I can pay the above to save interest, just adding this here to be transparant.
I also owe BurtW $1500, which was originally $4800 from a BTC denominated debt which he kindly converted to fiat after BTC quadrupled in value, lesson learnt will not be borrowing in BTC again!
References:
I have loaned BTC to Projects many times in the past and he has never missed a payment or even been late.
Projects is a guy you can count on.
I have loaned BTC to Projects many times in the past and he has never missed a payment or even been late.
second that.
I have loaned BTC to Projects many times in the past and he has never missed a payment or even been late.
second that.
Third that.
Projects has repaid this loan.
Thanks for the super early repayment Projects. Recommended borrower!
Loans proposed:
I offer interest of 1% per month (12.68% APR) on 8 and 12 week loans and 1.6% per month on 26 week and 52 week loans (20.98% APR)
I realise this may not be very attractive compared to many other "hyip" or "payday loan" offers in the lending section however this is a realistic amount offered by a genuine individual who will not dissapoint or mess you around. Also I need to refinance my debts into lower APR so I cannot offer a higher interest rate.
I am willing to accept any amounts over $100 from multiple individuals, I also have made a BTCJam listing for people who wish to invest less than $100 (or you can invest more, up to you). I am fully verified on BTCJam with my ID/Proof Of Address/Proof of Income. I do not use social networking sites and I cannot link my ebay/paypal to BTCJam as they are in my partners name not mine.
You can see I have repaid already close to 400 BTC in loans on BTCJam without a single missed/late payment
I welcome any questions and thank you for your time and consideration if you wish to lend me money please pm me to discuss.