Row 38137

Row ID: 38137 | Dataset Entry | Axioma AXP Content Repository

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If you open a new credit account, like personal loans or credit cards, before the loan funds, the bank could reject your mortgage application, so I’d avoid doing so until after the transaction completes.

If you can, inquire through friends or familia for the amount needed, and offer a guaranteed return. It will look like you rushed this and got out over your skis on the cost front, but maybe they’ll cut you a break because you’re offering to pay them for the inconvenience.

You can however get a loan against your bitcoin, but I’d only do that if you’re going to recoup those funds very quickly. Unchained Capital for example, which I haven’t used, does offer a lending product. The rates are higher than most personal loans from traditional banks though. Maximum term I’ve seen was 12 months also.

Obviously, I’d recommend you keep saving and just enjoy the bull market. You’ll have a larger stack and shaving some of it will hurt less. Where’s the entrepreneurial spirit in that though ?

Best of luck.

FieldValue
text If you open a new credit account, like personal loans or credit cards, before the loan funds, the bank could reject your mortgage application, so I’d avoid doing so until after the transaction completes. If you can, inquire through friends or familia for the amount needed, and offer a guaranteed return. It will look like you rushed this and got out over your skis on the cost front, but maybe they’ll cut you a break because you’re offering to pay them for the inconvenience. You can however ge…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9hcmRHVFY0MXVmWU56QVh6cF9hV1p6dG50Y25Jcy16bzNteEdEWTNHdUtPSjJGTDM1WlpvX2JTdlVHZlBwaXNsX2NFZ1VRbnQ4Mk1LbDkxSTRKMDdLSFMyVmdhczZpWHFwY1gwV2QzYm1sRUJhWXNsMzVKa1Z6SGtxSHNkU0ZoaFdrV09YbVEyMVlJdDNuVUxqSjZCS2c3d0kxWnBSaXJseWhGMEw1ZGYyMXVQd2piOTBmUTdMNDNKaWh6Y3dnelpHMEw5N2NHLWpReUF6MFdhUWZqMDBJZz09

Raw Record

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  "text": "If you open a new credit account, like personal loans or credit cards, before the loan funds, the bank could reject your mortgage application, so I’d avoid doing so until after the transaction completes. \n\nIf you can, inquire through friends or familia for the amount needed, and offer a guaranteed return. It will look like you rushed this and got out over your skis on the cost front, but maybe they’ll cut you a break because you’re offering to pay them for the inconvenience. \n\nYou can however get a loan against your bitcoin, but I’d only do that if you’re going to recoup those funds very quickly. Unchained Capital for example, which I haven’t used, does offer a lending product. The rates  are higher than most personal loans from traditional banks though. Maximum term I’ve seen was 12 months also. \n\nObviously, I’d recommend you keep saving and just enjoy the bull market. You’ll have a larger stack and shaving some of it will hurt less. Where’s the entrepreneurial spirit in that though ?\n\nBest of luck.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-22",
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