99 sats \ 12 replies \ @k00b 4 Mar \ on: What's the poor man's option? Personal_Finance
My understanding is that many of them don't really pay off the loan. They refinance.
Are you asking how you can get non-collateralized (aka unsecured) loans? Or are you asking how you can get smaller collateralized loans?
Hm. I'm referring to smaller collateralized loans.
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If it's a traditional asset, you should be able to go to a bank or other financial institution.
If you want to use bitcoin as collateral, Unchained does this but you have to over-collateralize (40% LTV). Others might do something similar but I'm unaware of them.
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Didn't they cancel their lending product? Or did I hallucinate it?
Their website suggests it exists, which is a vote for the latter.
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