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88 sats \ 4 replies \ @ek 24 Jul \ parent \ on: Stacker Saloon
Ohh, so this is from Strike?
I thought so from the design, but I couldn't find the section in the app or on https://strike.me/.
But I just noticed it shows up on https://strike.me/en. 🤔
Yeah it’s from strike. Testing it out. One thing that stinks is they lock up your loan for at least 60 days. So even if I paid back all the principal today they earn money on at least one or two interest payments. Make sense because the loans have zero origination fee
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Thanks for testing it out, I am considering to use it
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As long as you have a plan to pay off your debt it’s a viable but expensive option.
But I think the expense is going to a bitcoin native company. I rather pay strike the 12.5% then a credit card company that may charge me 20-25%.
Another reason I consider this product.
For some reason citi bank hasn’t charged my credit card balance interest for 4 months now. I don’t know why they been deferring the interest but just incase they tried to slap me with a massive interest payment for not paying the balance in full these last few months I needed liquidity to pay it off at moments notice and not pay them an arm and a leg
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