Silk Road forums
Discussion => Newbie discussion => Topic started by: c0py on March 05, 2013, 02:09 am
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Just thought I'd give a reason for a few extra posts and a chance for people to give opinions on anybody thinking about getting a loan to create a vendors account.
Pro's and Con's of
Bank Loan
Cash Advance Loan
Loan Shark
Investors
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Hey mate,
I took out a 'loan' of sorts and SR costs more than you expect and is a little slower than you expect so a few points:
1) Don't loan from someone that'll kick your head in if you're late
2) Don't loan from the bank as theyll find out what it was for
3) Don't use a payday loan as it might not get a return by the time they expect money
SO
Only take a loan from a friend or relative...
Be smart drug debt is always bad!
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Hey mate,
I took out a 'loan' of sorts and SR costs more than you expect and is a little slower than you expect so a few points:
1) Don't loan from someone that'll kick your head in if you're late
2) Don't loan from the bank as theyll find out what it was for
3) Don't use a payday loan as it might not get a return by the time they expect money
SO
Only take a loan from a friend or relative...
Be smart drug debt is always bad!
I wouldn't be so quick to say that a bank would always find out. Just gotta be smart about it. I actually have done it before to get a jump start on local dealing. Borrowed $1,500 the first time, $3,000 the second time. Always saying it was improvements on my credit. Only use half of the loan to pay, the other half never leaves the account and gives you MONTHS in buffers before paying it back.
Ive always figured the startup on SR would be slow and fees not make it much easier. Other than that the advice seems spot on! Definitely dont want no head kickin ya heard?
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Crafty call on the bank loan there mate though I'm in the UK and I have to say they're a little harsher on the checks. Not saying you're wrong at all like! It obv worked for you. But I stick by that its a bad idea going via a bank. For starters, how do you explain the constant MtGox deposits hehehe (jk)
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Seems like a terrible idea. If you can't afford the startup cash what are you gonna do if a shipment is lost early?
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Absolutely not.