Topic: [Repaid] €550 loan request. [Physical collateral] (Read 3369 times)

I just got the coins back today.

The shipping company that retrieved the parcel in France was awful.
I couldn't reship the package to my working place, and they deliver to you anytime between 8am and 7pm so basically I stayed home all day today.
Since I'm working 9 to 5 on working days (as predicted in the OP) I couldn't get it sooner.



PsychoticBoy, let me send you a PM along with a tip for your flawless service.

Many many thanks to asxs_btc for helping out a student in need and to PsychoticBoy for helping us with this deal.

Best regards to both of you,
yogg

Loan is repaid and the coins are shipped back to yogg.

Kind regards,
PB

Thanks for the fast payment and the frequent updates
I wish you good luck with your future projects.
That´s how a loan should be like!

Greetings asxs

Loan repaid !

I sent 400€ worth of BTC to asxs_btc :
https://blockchain.info/tx/bd9f208bac2497d290484849479e954d1155f2344ce6ccb1a3df18c53f28e063

Thank you very much for the deal. It really helped me a lot during the University, when I didn't have time to work.
Great communication, no bullshit, it's been a pleasure to do business with you. 


Yeah these coins are .... attaching Especially the Crypto Imperator ..
Should I send the 20.5€ to your 1Psycho address ?
I'm heading to work soon, I'll send the BTC this evening.
I am PM'ing you very soon with my shipping details.

Thank you very much for the both of you for helping out with this deal !
I wish you a great day.
Regards,
yogg

Very happy to hear that the loan is almost finished

Quote for shipping: 20,50€ insured shipping to France.

I was almost attached to those beautiful coins

Keep me up to date

Kind regards,
PB

asxs_btc,
Thanks for your kind words.
I really appreciate to do business with you too, everything went on so easy, it's really been a pleasure !

Allright, I will send the funds to the BTC address quoted above on monday.
I will send 395€ @ preev.com rate. The extra is to cover any convertion fees you might face since the loan is based on EUR.

PsychoticBoy, can you please tell me about the shipping fee to France ?
I will send you a tip on top of that when the deal is complete, with the collateral in hand.

Thanks to both of you !

 My BTC address is: 1H844RG47wqo2GaNCmtZemnwZt2knd3wi9

As the loan comes towards an end, I want to thank yogg for being very helpful and cooperative.

Have a nice weekend
asxs

A little update :

Remaining capital to repay : 300€
Current interest to pay : 88€ (if the loan is repaid in full before 7/20)

Total to repay : 388€

I am able to repay the loan in full next week.
I contacted asxs_btc to ask if I can repay with BTC.
Otherwise I can sell BTC for that amount and send it to asxs's bank account.

Asxs_btc agreed. Thanks a lot for being arranging, and get this loan sorted asap.
I can hear my physical coins crying in PsychoticBoy's drawer.  

Can you please give me your BTC address ?
I will send the BTC @ preev.com rate + a small % extra for any fee you might face if you want to cash it out instantly.
Of course, I will do these calculations at the time of the BTC transaction, to use the most up to date rate.


Yes, you are right.
I miss the coins. And I'm pretty sure they miss their little box. (and my cuddles too, of course  )
That would be a shame to find them a new home. I'm not saying they feel bad at your place, PsychoticBoy, but ... you know how it is.. ^^

Great to hear the loan is being repaid in small amounts with good communication, I have full confidence that the loan will be repaid intime.

Kind regards,
PB

I can confirm the arrival of 100€. The quoted information are all right.
Thanks for your frequent updates

Nothing here yet, but i am sure it will arrive tomorrow.

A little update :

Next repayment of 100€ sent today.

Principal remaining : 300€
Interest due so far : 66€

Total to repay to asxs : 366€

Asxs can you please confirm when you have received the transfer ?

Thanks

My answer is still no.

No because i don't want this account for trade (we will not add founds in the account), only i want the account for the feature "on demmand" of thinkorswim, is a feature where you can practice with old data charts. I'm looking alternatives but it is impossible to find it (good alternatives).

No sorry if i open the trading account for you, then i am liable for your trading.

If you open to me a thinkorswim account i can pay to you 40$ per month, look my messages in this forum, i will help to you for fill all the papers. I need this account for practice my trading and in my country (spain) i cant open here.... if you are interested please send me a pric message


Thank you

Great ! Thank you very much.

I will probably proceed to another partial repayment next week.

I confirm, that i received 150€ on the 11.04.2017.

Greetings asxs

Updated owed amounts :

Principal remaining : €400
Interest due so far : €66

Total amount owed to asxs : €466

Asxs, can you please confirm that you have successfully received the previous €150 transfer I sent you in April ?
Thanks in advance !

Thanks for the update!
You are the example of a perfect debtor

I have sent €150 to asxs_btc as a first partial repayment.
Please asxs can you confirm when you received it ?

So, a little summary :

I received the funds the 20th of march. Loan term is 5 months, so it must be repaid in full with interest before the 20th of august.

Loaned out principal : €550
Interest schedule :

(if repaid in full between)
03/20 - 04/20 : €22 (4% of €550)
04/20 - 05/20 : €44 (8% of €550)
05/20 - 06/20 : €66 (12% of €550)
06/20 - 07/20 : €88 (16% of €550)
07/20 - 08/20 : €110 (20% of €550)

Principal reminder : €400
Interest due so far : €22

Total amount owed : €422


I can't wait to get my coins back ! I want to send my little beauties to ANACS for grading, especially that Crypto Imperator #42
I hope you enjoy seeing those coins as much as I do when I look at them. 

Great to hear all went as expected

The coins are in good hands, hopefully the loan will be paid on time otherwise these beautiful coins will have a new home but that is not what I expect.

Kind regards,
PB

Received the SEPA transfer this morning as expected.
Thank you very much asxs !

Alright cool.

Don't hesitate to let me know if you need anything in the future. I've got coins readily available to lend out that i am able to peg it to a fiat currency if you wish.

Good luck with your loan!

-Yuuto

Thanks Yuuto for your offer, but asxs_btc already sent the funds.
I haven't received them yet. I think on monday it should be there.

I'll update the thread when I have received the transfer.

Cheers

I did fill the loan today, but i forgot to mention it. Thanks for reminding me.

Greetings asxs

I'm just wondering whether or not asxs_btc hassent the loan amount to your bank account yet?

Because if he hasn't I am able to fill this loan as well since the escrow already has the physical coins in his possession.

Let me know if you need anything from me, i'm willing to add some more coins to the loan amount if needed as well.

Cheers

Ohh .. What a relief !! 
That tracking number doesn't seem to work: when I query it, it shows the parcel at my local post office. 

Thank you very much PB !

I have recieved the coins from yogg

@asxs_btc: you can send the loan to yogg.

Kind regards,
PB

Hi yogg and asxs_btc (and readers),

I will provide the Escrow for this loan.
I have recieved the tracking and as soon as the coins arrive I will send pictures with proof and the loan can proceed.

Kind regards,
PB

Exactly !

We have contacted several escrows and finally found somebody to escrow this transaction.
PsychoticBoy agreed to help us, so today I have shipped the coins to the address provided by him and forwarded the tracking number to him.

PsychoticBoy, can you please confirm and let us know when the coins have arrived so asxs_btc and I can proceed with the loan ?

Thanks a lot !

An escrow to hold a physical item?

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is yogg from bitcointalk and today is 03/09/2017
I confirm these are the terms of the agreement with asxs_btc.
-----BEGIN SIGNATURE-----
1F69i8vQDmDsic69jVHwfaZ1XqxsXwEzd
ICTu4/9juoWfZHpWYKSCdsfv+fOyFm6a1iPwasnTgtMFLJL9QPuUPuRzfUZPOeW3dUd5g93LcZJM7PeE7Jn3Ccw=
-----END BITCOIN SIGNED MESSAGE-----

We are currently looking for an escrow. I will update this thread with the differents events occuring regarding the loan, for further reference.

Many many thanks, asxs ! 

yogg and i agree to the following terms. He will post that he agrees to these terms later.

Loan Amount: 550€, paid via SEPA and repaid via SEPA, no BTC involved; the money has to be paid back from the account asxs_btc sent the money to.
Interest per month: 4%
Repayment Date: 5 month after the arrival of the SEPA, if paid back before the deadline, only the elapsed time has to be paid for, not the interest for the 5 month, partitial payment allowed.

Type of Collateral: one 2013 0.5BTC Brass Casascius coin, unspent;  (https://casascius.uberbills.com/?address=12CMEpCKddNJU3ZJjYFPUcJJxxq918qF4W) +one Crypto Imperator Bitcoin Halving Commemorative Coin 2016 0.125 BTC, unused
The collateral will not be resent to yogg, before he paid the loan.

The coins will be sent to a right now not specified escrow

Procedure:

Physical Coins will be sent to the escrow--> He confirms the arrival and that the physical coins are unused --> I send the money --> Money will be paid back + interest


Greetings asxs

I´ll send you a PM.

Greetings asxs

As for the loan time frame, I can take a 5 months loan. I can maybe repay in 4 months, but less I have no certainty that I can repay the loan.
Regarding the loan interest, what about 4% / month ? That'd be 20% total interest.
I can NOT give any higher interest, or lower the time frame furthermore.

You can tell it by the way how the hologram looks. The private key is behind the hologram.
There is also a casascius coin tracking tool : https://casascius.uberbills.com/?address=12CMEpCKddNJU3ZJjYFPUcJJxxq918qF4W
This is the page regarding the coin put on as collateral. You an see the first bits of the address in the center of the hologram.

Yes, you are right.
Well, I believe there is enough collateral provided for any lender with spare €€€ to be interested.


I am not willing to give out my ID on bitcointalk.org, even for a free 1 BTC whatsoever.
What I can tell you about your concerns is that the loan repayment will come from the same bank account that the lender will send it to. (my personnal bank account ..)

I thought of an id picture in order to avoid being paid by a stolen bank account.

Please don't discuss through pm as I am still interested.

I may be interested in filling this loan if you were able to cut down on the duration of the loan as 6 months is too much for me and probably most lenders here on bitcointalk, and also if you could increase the interest a little.

Also, how is it possible to tell if a physical coin has been redeemed in the past or not? I'm not experienced with such things and don't know how they work.

Let me know your best offer in PM or here and I'll see if it is acceptable to me. I know as a student you're restricted by many things, but taking out a loan here is quite different from in real life, you should know since you were a lender once as well if i'm not hallucinating

Cheers

Thanks for your advice.

Well, I prefer fiat over btc because I know what my work is worth, and I know how much I can repay.
Doing so also allows me to plan my finances for my next year at the uni.

If I take a BTC loan and sell it to pay for my today's bread & butter, what will happen if BTC goes to the moon ? I will end up defaulting and losing my collateral because I can't buy the BTC back.

On the other hand, there might be some users interested by racking in some % interest instead of having €€€ at sleep.

Another reason is that on this forum, people know how to appreciate physical crypto coins at their best.

If you are worried about collateral, I can also throw in a 0.125BTC Half Ounce Silver CryptoImperator 2016 Halving Special Edition .. #42

Signature is verified.

I would not advise that you send anything like a passport out to anyone. If you do, do it with someone who is extremely trusted. Also, may I ask why do you prefer flat over btc? Considering this is a bitcoin forum, asking for a flat loan is pretty odd imho.

I'd prefer avoid sending out such sensitive info ... If you have my SEPA details and my passport, you can do nasty things to me.
I do not want to lose my casascius coin. There is only about ~3700 of these that were made, and I don't know how many have been spent ...
I'm really attached to it.


Well, I forgot my password. Normally if you don't logoff from forum, your account remains.
I use long character strings as passwords.

Here is a msg signed by an address I used on this forum in 2015 :

Can you explain why your account password was reset recently?

Would you send a copy of your passport if I borrowed you the money? As the amount is in €, what about the risk of a BTC dump and therefore the collateral coin being worth  less than 550€?

Greetings asxs

I would like 550€ in fiat and repay in fiat. The loan involves only fiat.

However the loan collateral is the Casascius coin funded with 0.5 BTC (~550 EUR as of now).
And you can also add the coin premium on top of that.

I know 2.5% is low .. I can make it 3%.
I won't be able to repay before 4th month for sure, so with a 3% rate, the total interest will be 12% minimum.

Yes, I will pay any escrow fee and shipping fee to send the collateral both ways.

So you want 550€ either in BTC or in fiat? Or only in fiat?
It's very different to repay a loan in BTC and with 2.5%/month...Don't sound very attractive for possible lenders this proposal of yours.

Btw, you know that you need to ship and pay any fees for your collateral, right?

Thank you very much.
I live in France. I am studying IT, more precisely software development, in a French university.

By the way, I edited the OP about it, but SEPA bank transfer is good for me.

I am interested in giving you a loan.
I'm located in Germany, where do you live/study?

Greetings asxs

Hello,

I want to borrow 550 EUR.
Length : max 6 months. I want to be able to repay early.
Interest : 3% / month
Collateral : 2013 0.5BTC Brass Casascius coin.

Reason :
I'm a student. The university year is over in less than 2 months and I'm really short on funds for my current expenditures. This loan will let me breathe until then.
When I'm done with uni for this year, I'll be looking for a temporary job that lasts until the beginning of the next year (we have about 5 months free in between).

I'll use my salary to repay the loan.
I will be earning EUR so this is why I prefer to take a loan in that currency, not regarding the BTC moves.

Collateral :
I am willing to ship one of my casascius coins to a trusted european escrow so he can hold it for the loan duration.
Front pic - Back pic
I'm not sure how to post the pictures in the thread. Also I thought my phone would make better photos than that..

Any questions, please ask.
If you consider to loan but find the interest too low, please tell me your offer.

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is yogg from bitcointalk and today is 03/08/2017.
This signed message is to confirm my EUR 550 loan request.
-----BEGIN SIGNATURE-----
1F69i8vQDmDsic69jVHwfaZ1XqxsXwEzd
H1bqr6j+9IEIOMFqNg4CB050q7D7wKascnd2wKxjrfr2aYNBltJUN3DxlbtOW3WwV6nKU9f/0RBaJouiIAwKDC8=
-----END BITCOIN SIGNED MESSAGE-----

EDIT : I am willing to transact using SEPA Bank Transfer, or any other way that is easy to use to transfer EUR.
EDIT2 : Changed interest from 2.5% to 3%.