[REQ] ($3000) - (#Dallas, TX, USA), ($300 Bi-Weekly starting Sep 28, Total $3300), (Paypal)
$3900 Total, not $3300.
Hi all, me again. So now that I've built up my cReddit here by a substantial amount, I want to start using this subreddit for larger purchases. Part of this money will be used to finish a job building a music production room for a local music producer in Dallas, and the rest of it for smaller miscellaneous expenses. When it involves work I usually just go to the bank for a small business loan but this is substantially smaller than the loans they usually look at. I can also be flexible with repayment terms but $300 biweekly for a total of $3900 would be my preferred offer. Thanks for looking.
EDIT: Increased the proposed interest after looking at similar loans.
Posted Sep 4, 2018, 4:07 AM UTC · edited
Doesn’t matter how good of a borrower you are, none of us lenders that deal with loans of that size will do a 5 month loan of $3000 for $300 in interest. The opportunity cost is way too high.
I don't mind paying more in interest, or shortening the amount of time to repay. What do you think would be a fair payment plan?
EDIT: Decided to increase the total repayment amount to $3900 after looking at other similar loans.