This is three loans I'm involved in that have stopped paying since the rise in price of BTC. I have to agree with the individual posters who are fishy about the way he's handleing himself over his sons illness. If it is true I pray for the littleone. I have three children myself. if anything was to happen to them I'd vamos.. I'd be with my child.
However... th problem here is a commitment was made. And the fact above is I have children of my own. A bank, a payday lone company and the.end.on default debit collector may give sympathy. But guess what YOU took the money. YOU made.a deal and are under obligation to pay. I won't.forgive you the money. if I did It's open season for every other.lendee to tell.any sob story.they wish to string this out. I expect something this weekend or at the latest Tuesday of next week
As you said, if this is genuine, the last thing he's going to be worrying about right now is paying back existing loans. If it's a con, then the last thing he's going to be worrying about right now is paying back existing loans.
People really need to stop lending through BTCJam because they have no meaningful recourse. People also need to realise that they have limited recourse in general when making loans to complete strangers and that in the vast majority of cases there's no cost-effective way to recover the debt. You might as well lend the money to some guy you meet in a bar - at least there's a chance you'll see him again.
Yeah, the OP's story is a bit iffy but this isn't really a community which encourages the sharing of personal problems so it's not entirely unsurprising that there was never any lead up mention of his son having tests or any mention of the specific treatment plan (people in crisis often gush out this information because they're so overwhelmed).
Setting deadlines isn't especially helpful unless you have an effective form of recourse open to you. Those who lent through BTCJam already know that it's against their ToS to contact defaulters directly (something I think is ridiculous given that BTCJam has no effective recovery mechanisms, which is what encourages the high default rate in the first place).
It's worth remembering that if people are seeking unconventional loans, it's often because they can't raise funds any other way - and there's often a good reason why friends, family and conventional financial institutions won't lend to them.
