Author

Topic: Wanted: $400 Loan (Read 1968 times)

legendary
Activity: 1792
Merit: 1000
March 31, 2013, 10:23:29 AM
#15
Just made a payment of $130.

Thanks, Blazr  Smiley
420
hero member
Activity: 756
Merit: 500
March 06, 2013, 07:17:13 PM
#14
I received the $400 funds from Scott J
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 07:00:19 PM
#13
I worked out a deal with Scott Jr and lent him the $400

Loan to Scott Jr

Loan amount: $400
Monthly interest: 6%
Min. payment: $130

Loan to be funded and repaid using Gox codes
Confirmed.

Thank you Smiley
Thanks yet again, Blazr.

And it's Scott J  Wink
420
hero member
Activity: 756
Merit: 500
March 06, 2013, 06:39:04 PM
#12
Deal almost finalised, will update thread in due course  Smiley

can't wait for my GOx USD

*drool*
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 06:36:35 PM
#11
Deal almost finalised, will update thread in due course  Smiley
420
hero member
Activity: 756
Merit: 500
March 06, 2013, 04:51:30 PM
#10
I'm amended the OP as I'm going to try and raise the $400 so I can purchase the full amount of LTC.

Should this not happen, I'll see if your offer is still valid. Otherwise, I'll have to wait till the end of the month and hope the LTC price hasn't dropped.


sounds good. btc is retracing. ltc may retrace a little as well soon. it shot up like a rocket we all know
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 04:16:42 PM
#9
I'm amended the OP as I'm going to try and raise the $400 so I can purchase the full amount of LTC.

Should this not happen, I'll see if your offer is still valid. Otherwise, I'll have to wait till the end of the month and hope the LTC price hasn't dropped.
420
hero member
Activity: 756
Merit: 500
March 06, 2013, 01:34:25 PM
#8
Thanks, that is a fair offer, since my profit from the deal is ~$500.

The only thing that is stopping me accepting straight away is that I am really keen to settle my BTC debts mentioned above.

2605 LTC plus the 500 LTC I already have would net me about 14 BTC, when I need 17.5 BTC.

Hmmm... let me think this over.


I'll raise it to 2100LTC but that's all I'll do
I assume that's a typo?

oops yeah 2700
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 01:25:53 PM
#7
Thanks, that is a fair offer, since my profit from the deal is ~$500.

The only thing that is stopping me accepting straight away is that I am really keen to settle my BTC debts mentioned above.

2605 LTC plus the 500 LTC I already have would net me about 14 BTC, when I need 17.5 BTC.

Hmmm... let me think this over.


I'll raise it to 2100LTC but that's all I'll do
I assume that's a typo?
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 12:42:55 PM
#6
Thanks, that is a fair offer, since my profit from the deal is ~$500.

The only thing that is stopping me accepting straight away is that I am really keen to settle my BTC debts mentioned above.

2605 LTC plus the 500 LTC I already have would net me about 14 BTC, when I need 17.5 BTC.

Hmmm... let me think this over.



420
hero member
Activity: 756
Merit: 500
March 06, 2013, 12:15:23 PM
#5
I see you need a loan.

Howbout we make a new deal.

I give you 2605LTC for nothing and we cancel the rest of the option contract (1895LTC).

Then you have LTC you can sell for just about $500 (the amount of loan you wanted)
sr. member
Activity: 391
Merit: 333
March 06, 2013, 09:27:16 AM
#4
I just wanted to say that Scott has been terrific to lend to. For one, it can be hard merely finding someone honest and not trying to scam you. Scott, however, is very reliable and communicates effectively. He's an excellent guy to talk with. For reference, I've worked with him on BTCJam and here on the forum.

Just my two bitcents, which apparently are worth an awful lot right now according to the graphs :-O.
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 07:28:42 AM
#3
That's fine, get back to me when you're on lunch  Smiley

In the mean time, I'm still open to offers.
sr. member
Activity: 396
Merit: 250
March 06, 2013, 07:10:19 AM
#2
PM sent.

EDIT: PMed you again. I am going to change my offer later as I jumped the gun on the initial one. I'm still interested in assuming your debt though.
legendary
Activity: 1792
Merit: 1000
March 06, 2013, 06:44:33 AM
#1
Hello,

I am looking for a 4500 $400 loan (paid in BTC, tied to the dollar).

The purpose of the loan is to reduce my exposure to further BTC price increases by settling my BTC denominated debts - I have an outstanding loan with Blazr of 3.5 BTC and another of 14 BTC that I owe to another user.

My plan to to use the money to exercise my option here: https://bitcointalksearch.org/topic/option-to-buy-10000-ltc-138641

For $400 I will receive 4,500 LTC, currently worth just under $900. I'll then purchase BTC to pay off my loans.

The extra $100 I would like to put into LTC as I can see the rally continuing.

I understand that using debt to pay off debt is generally a bad move, but at the moment I owe around $810 -- this plan will reduce that to $500 and I won't have the risk of further price increases.

Ideally I would repay this loan over two or three months, though I'm open to negotiation on the term and interest.

Edit: I would be able to make a $100 payment towards the loan pretty much immediately after exercising my option.



Thanks  Smiley

Previous loans/trades here:

https://bitcointalksearch.org/topic/funded-30-btc-loan-request-115892
https://bitcointalksearch.org/topic/wanted-12-btc-loan-75898
https://bitcointalksearch.org/topic/wanted-another-12-btc-loan-78592
https://bitcointalksearch.org/topic/2-btc-loan-request-needed-quickly-96545
https://bitcointalksearch.org/topic/25-btc-loan-request-134712
Jump to: