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Topic: [Need] 100 BTC loan, I defaulted with others - Will pay 10.5 btc monthly minimum (Read 2478 times)

full member
Activity: 217
Merit: 100
Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.

He has already defaulted.  Getting a long duration loan to avoid a default might make sense (usually it doesn't).  In this case he has defaulted.  The creditors are kinda between a rock and a hard place.  At this point simply take the ~10 BTC he "could" pay on the new loan and apply it to the old defaulted loans.  Is it optimal for the new creditors?  No but they can always sell the debt directly to a new creditor or they can accept repayment over 10 months is better than getting zero.

The idea of borrowing to get out of debt is just silly.  More likely the OP borrows, doesn't pay the creditors, and defaults on this note too.  Then what next a third sob story about how he needs a 250 BTC note to cover both sets of bad notes and he will use 50% of his SSI payment to repay it?  

TL/DR If he can pay 10 BTC a month then pay it towards the existing debt.  There is no need for a new loan unless the intent to defraud more creditors.
Thanks for keep mentioning i defaulted when i already stated that myself even in the thread title.
And i see my 4 year old niece knows math better then you ether that you cant read or you just trolling?
How the fuck am i going to need 250 BTC to cover 100 BTC loan? the 100 bitcoins if i got this loan would go to maged in which he would pay the people i owe.



Man, fuck the hand out beggers.. Doesn't work.. Collects SSI.. defaults on loans.. can't spell, or speak proper english, and wonders why he can't get a job... pathetic waste of human.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
SO fuck off, if you cant help just dont fucking post? i dont see it helping by stating i defaulted when i said that more then 10 times, does posting on people topics to bash them turn you on?

These people are paying your way in life - they can post if they want.
legendary
Activity: 1204
Merit: 1015
Ask Maged if you can pay him 10BTC a month and if he will distribute it amongst your creditors. 
Absolutely, but I would first have to find out who these other creditors are...
full member
Activity: 182
Merit: 100

I understand and i might have to do that, 100 BTC loan is huge, i mean i wish i could do this by USD and just have a system where they get the $125 every month, but i am still thinking on a solution.

Can you explain why doing this in USD isn't an option?  Also, how thin are your margins here?  Can you comfortably afford $125 per month because sure as shit something unexpected is going to come up over the next 10 months and if you can only barely afford the $125 then you're setting yourself (and your new lender) up for further default.

$1300 isn't a huge amount and that's going to be part of your problem here.  It's the kind of amount that people only seek from strangers when they've exhausted all other options - friends, family, credit cards, personal loans, crappy sub-prime loans, selling stuff, etc.

Sorry i mistyped that statement.
I mean i would rather do it by USD then BTC.
hero member
Activity: 868
Merit: 1000

I understand and i might have to do that, 100 BTC loan is huge, i mean i wish i could do this by USD and just have a system where they get the $125 every month, but i am still thinking on a solution.

Can you explain why doing this in USD isn't an option?  Also, how thin are your margins here?  Can you comfortably afford $125 per month because sure as shit something unexpected is going to come up over the next 10 months and if you can only barely afford the $125 then you're setting yourself (and your new lender) up for further default.

$1300 isn't a huge amount and that's going to be part of your problem here.  It's the kind of amount that people only seek from strangers when they've exhausted all other options - friends, family, credit cards, personal loans, crappy sub-prime loans, selling stuff, etc.
donator
Activity: 1057
Merit: 1021
Ask Maged if you can pay him 10BTC a month and if he will distribute it amongst your creditors. 
full member
Activity: 182
Merit: 100

Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.

Which is perhaps why he isn't doing it that way.
At least that's what I think.

I agree.  But in his OP he stated that he has defaulted on his loans but he says that he has $125 that he can pay towards a new loan.  My suggestion is to work with his creditors and come up with a payment plan.  I can't imagine that anyone is going to loan 100BTC ($1300US) to someone that just defaulted.

I understand and i might have to do that, 100 BTC loan is huge, i mean i wish i could do this by USD and just have a system where they get the $125 every month, but i am still thinking on a solution.
full member
Activity: 182
Merit: 100
Why don't you just pay back the people you owe $125 a month divided among them.  The $125 a month is how you want to pay back this 100BTC loan correct? 10.5 BTC a month, approx $125.    

I know i could do $125 and split it among who i owe, but i just thought by getting a 100 BTC loan i could pay the people i owe for a while now and i wouldnt have to pay alot of people, i just would need to pay one person.
full member
Activity: 182
Merit: 100
I dont understand why all you assholes keep stating what i said in the fucking thread title, i defaulted, i know i did thats why i am fucking asking for a 100 bitcoin loan to be sent to maged, i dont know why a new person (to this thread) keeps stating what i said, i guess trolling is 99% of your guys jobs?

And so what if i get SSI, why are you guys spending so much time here hating on me then tracking the crooks like pirate40 and bitcoinica? i guess you ether cant find them or the courts wont give you shit so you take it out on low posters like me.

SO fuck off, if you cant help just dont fucking post? i dont see it helping by stating i defaulted when i said that more then 10 times, does posting on people topics to bash them turn you on?
full member
Activity: 182
Merit: 100
Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.

He has already defaulted.  Getting a long duration loan to avoid a default might make sense (usually it doesn't).  In this case he has defaulted.  The creditors are kinda between a rock and a hard place.  At this point simply take the ~10 BTC he "could" pay on the new loan and apply it to the old defaulted loans.  Is it optimal for the new creditors?  No but they can always sell the debt directly to a new creditor or they can accept repayment over 10 months is better than getting zero.

The idea of borrowing to get out of debt is just silly.  More likely the OP borrows, doesn't pay the creditors, and defaults on this note too.  Then what next a third sob story about how he needs a 250 BTC note to cover both sets of bad notes and he will use 50% of his SSI payment to repay it?  

TL/DR If he can pay 10 BTC a month then pay it towards the existing debt.  There is no need for a new loan unless the intent to defraud more creditors.
Thanks for keep mentioning i defaulted when i already stated that myself even in the thread title.
And i see my 4 year old niece knows math better then you ether that you cant read or you just trolling?
How the fuck am i going to need 250 BTC to cover 100 BTC loan? the 100 bitcoins if i got this loan would go to maged in which he would pay the people i owe.

Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
There is no need for a new loan unless the intent to defraud more creditors.

Given his limited income and his negative opinion on the future, I'd say this is most probable.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.

He has already defaulted.  Getting a long duration loan to avoid a default might make sense (usually it doesn't).  In this case he has defaulted.  The creditors are kinda between a rock and a hard place.  At this point simply take the ~10 BTC he "could" pay on the new loan and apply it to the old defaulted loans.  Is it optimal for the new creditors?  No but they can always sell the debt directly to a new creditor or they can accept repayment over 10 months is better than getting zero.

The idea of borrowing to get out of debt is just silly.  More likely the OP borrows, doesn't pay the creditors, and defaults on this note too.  Then what next a third sob story about how he needs a 250 BTC note to cover both sets of bad notes and he will use 50% of his SSI payment to repay it?  

TL/DR If he can pay 10 BTC a month then pay it towards the existing debt.  There is no need for a new loan unless the intent to defraud more creditors.
donator
Activity: 1057
Merit: 1021

Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.

Which is perhaps why he isn't doing it that way.
At least that's what I think.

I agree.  But in his OP he stated that he has defaulted on his loans but he says that he has $125 that he can pay towards a new loan.  My suggestion is to work with his creditors and come up with a payment plan.  I can't imagine that anyone is going to loan 100BTC ($1300US) to someone that just defaulted.
donator
Activity: 3228
Merit: 1226
★Bitvest.io★ Play Plinko or Invest!
Why don't you just pay back the people you owe $125 a month divided among them.  The $125 a month is how you want to pay back this 100BTC loan correct? 10.5 BTC a month, approx $125.    

Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.

Which is perhaps why he isn't doing it that way.
At least that's what I think.
donator
Activity: 1057
Merit: 1021
Why don't you just pay back the people you owe $125 a month divided among them.  The $125 a month is how you want to pay back this 100BTC loan correct? 10.5 BTC a month, approx $125.    
hero member
Activity: 868
Merit: 1000
Wait, where did 100 BTC come from? I'm showing that you've repaid 32.5 BTC out of 60 BTC from the debt you had back in January...

Did I miss the answer to this question?

Getting all pissy when people ask you reasonable questions isn't going to make anyone more likely to lend with you.  If the funds are going to a third party to distribute to the people you owe money to, it doesn't matter whether it comes from 1 lender or 10 and you're probably going to get more people willing to risk lending you 10 BTC than you are willing to lend you 100 BTC - especially given your attitude (I sure as hell hope you don't cop the same attitude at job interviews or you'll be unemployed for a long time).

You flounce has probably lessened the chances of you getting a loan here but that doesn't absolve you of responsibility for trying to find other ways to pay back what you borrowed.  "No-one on Bitcointalk would lend me more funds so I can't pay anyone" reeks of entitlement.

full member
Activity: 182
Merit: 100
If you get fired or died, i would still get the same amount of money, so i dont care.

And know this how? Oh yea cause I died LOL

Dont take your anger out on me because you got scammed so many times, i tried paying back which i could only do 30% of a payback.


Now you know how many people have scammed me? LMAO too bad trying doesn't pay the loan in full.

I dont care if you have websites, or if your rich, this is not about you, get over it.
Even they get rid of SSI so be it. Everyone in USA pays taxes, move out if you dont like it.

I am no rich I haven't said that but you attacked me and I defended myself with facts. I just hate SSI because it is a scam so your probably a conman anyway or someone that doesn't need it. Just cause you try and get a job and you fail we should feel sorry for you? NO get out there and get a real job, maybe web development isn't for you, anyone can work at Burger King or something like that, your not even trying and that bothers me.
MANY people die in USA a day, the amount has only changed once and it went up $20 more.
I rather have tried then leave and never came back. even though you dont count that then o well, you have nothing to do with this thread.
You did attack me first, you act like every human is a clone of a perfect person, sorry it does not work like that. I am not asking for people to feel sorry for me. So anyone going to get ANY loan (bank, friend, family) is just so people can feel sorry about them? I know your talking about a loan in bitcoin, but atleast i tried to make a deal. Not trying is if i made some bullshit ponzi scam and just leaving everyone flat. Atleast i tried to come back and make a bit of a effort.
hero member
Activity: 482
Merit: 502
Well... borrowing money in currency which is appreciating more (or loosing value slower) than your home currency is really bad idea. Good example is Hungary. People there were taking loans in EUR instead of HUF. Now they are fucked up, because HUF is loosing value faster than to EUR.
legendary
Activity: 1498
Merit: 1000
If you get fired or died, i would still get the same amount of money, so i dont care.

And know this how? Oh yea cause I died LOL

Dont take your anger out on me because you got scammed so many times, i tried paying back which i could only do 30% of a payback.


Now you know how many people have scammed me? LMAO too bad trying doesn't pay the loan in full.

I dont care if you have websites, or if your rich, this is not about you, get over it.
Even they get rid of SSI so be it. Everyone in USA pays taxes, move out if you dont like it.

I am no rich I haven't said that but you attacked me and I defended myself with facts. I just hate SSI because it is a scam so your probably a conman anyway or someone that doesn't need it. Just cause you try and get a job and you fail we should feel sorry for you? NO get out there and get a real job, maybe web development isn't for you, anyone can work at Burger King or something like that, your not even trying and that bothers me.
full member
Activity: 182
Merit: 100
Sorry that all people cant be perfect asshole like you.

I am not perfect, if I was perfect I be playing poker with Bill Gates, and Mark Zuckerburg tossing $100 bills on the fire LMAO

I hope you get fired or cant work and suffer.

You better not hope so, who else will pay for your debt, I actually pay taxes so you better hope I have to work for a long time.

Its people like you who i dont even know make the world a bad place, you dont know me so shut the fuck up.

No I will not shut the F- up, I am paying for this debt as I live in NY also, so I am more entitled to then other people on this issue.

If i dont get the loan then o well i tried, bitcointalk is getting worse and worse, maybe i am not the best person to lend to which is why i required a 3rd party, but i guess you can invest with the next pirate - so good luck with that asshole.

I agree bitcointalk is becoming more toxic with people like you looking for hand outs. I can pay my debts, and I actually add to the community but building successful sites and businesses. Again SSI is corrupt and people like you take advantage, still never heard of someone not getting hired on esteem. I am no Brad Pitt, but I hope all my jobs have hired me based on my skill set then my charming looks.

If you get fired or died, i would still get the same amount of money, so i dont care.
Dont take your anger out on me because you got scammed so many times, i tried paying back which i could only do 30% of a payback.

I dont care if you have websites, or if your rich, this is not about you, get over it.

Even they get rid of SSI so be it. Everyone in USA pays taxes, move out if you dont like it.
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