Error editing post! Your message is too short. Please lengthen your message to at least 5 characters. Finance/loan with minimal credit
Results 1 to 13 of 13

Thread: Finance/loan with minimal credit

  1. #1
    Featured Member
    Joined
    Aug 2006
    Posts
    829
    Thanks
    433
    Thanked 1,332 Times in 328 Posts

    Default Finance/loan with minimal credit

    sgjsjs
    Last edited by xfatrabbitx; 12-02-2011 at 03:14 AM.

  2. #2
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Finance/loan with minimal credit

    ^^^ given the backlash from the subprime home mortgage defaults, which are now spilling over into car loan defaults and credit card defaults, you chances of getting approved for financing through any mainstream financial institution are essentially zero. The problem is compounded by the fact that, if you should be approved for a loan and go belly-up on the payments, there is no way that the lender can 'repossess' your breast implants !

    There is a small chance that your plastic surgeon's office will agree to short term financing i.e. paying the surgeon's fee in installments over a period of several months, given the fact that you do have $3500 available to pay for the medical tests / operating room / anesthesiologist etc. at the time of surgery. It can't hurt to ask. But odds are that it ain't gonna happen.

  3. #3
    Featured Member
    Joined
    Aug 2006
    Posts
    829
    Thanks
    433
    Thanked 1,332 Times in 328 Posts

    Default Re: Finance/loan with minimal credit

    shyshshs
    Last edited by xfatrabbitx; 12-02-2011 at 03:14 AM.

  4. #4
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Finance/loan with minimal credit

    sorry I couldn't give you the answer you're looking for. Unfortunately, breast implants fall into the same category of credit cards, signature loans etc. i.e. there is no collateral which allows the lender to 'secure' the loan.

  5. #5
    Veteran Member
    Joined
    Sep 2005
    Posts
    426
    Thanks
    0
    Thanked 9 Times in 9 Posts

    Default Re: Finance/loan with minimal credit

    Quote Originally Posted by xfatrabbitx View Post
    thanks, i was hoping you'd come into this thread. so there's nothing else i can do besides that. sigh. that sucks
    Not all hope is lost.

    You can ask some angel investors to invest in this project and you can cut them a share of your revenue.
    If you are an honest trustworthy person, there may be a few who can take that risk as long as they get 30-40% ROI

    You can also find a nice sugar daddy to just give you a BA gift

  6. #6
    Veteran Member
    Joined
    Sep 2005
    Posts
    426
    Thanks
    0
    Thanked 9 Times in 9 Posts

    Default Re: Finance/loan with minimal credit

    OK, I just came up a fantastic Business Idea.

    The members of StripperWeb can open a "BA fund" where anyone can invest from $100 to $2000.

    Now this fund is used to lend money for dancers who want a BA and due to the riskiness of the loan is lent at prime+10%(This can be further refined based on applicants credit history, city/club where she works, her stats, some regression analysis on previous BA data).

    By pooling money and lending it to more than a few dancers you have little diversification.

    Of course you are still subject to overall industry risk and the BA fund may itself get financially hurt when you are individually hurting due to a downturn in the industry

    But, if there is any one group that can pull this off successfully, it is this community.

    Plus we have plenty of domain experience here to easily predict which BA will work in which body/club/city combination and to give consultation whether it really is a BA or an attitude that needs to be fixed

    Much better than investing in Gold or Currencies

  7. #7
    God/dess Deogol's Avatar
    Joined
    Dec 2003
    Posts
    5,493
    Thanks
    120
    Thanked 50 Times in 35 Posts

    Default Re: Finance/loan with minimal credit

    ^^^ Do we even read the same web site?

  8. #8
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Finance/loan with minimal credit

    ^^^ obviously he's never loaned money to a dancer before LOL !

  9. #9
    Veteran Member
    Joined
    Sep 2005
    Posts
    426
    Thanks
    0
    Thanked 9 Times in 9 Posts

    Default Re: Finance/loan with minimal credit

    Obviously that idea was never meant for Mel/Deogol, the perennial pessimists of the board.

    That idea is definitely for someone young and with a more entrepreneurial spirit, say Amber

    There are plenty of people who thought loaning money to poor people was sure way to make a loss.

    Yet, entreprenuers came up with a way to do exactly that and the result

    http://en.wikipedia.org/wiki/Microfinance

    is not only helping poor people but also created a few Millionaires along the way.

    You can come up with Millions of reasons why a dancer would run away with your money or you can come up with creative ideas so that everyone benefits.

  10. #10
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Finance/loan with minimal credit

    ^^^ well I doubt that the US gov't is likely to start providing grant money for down payments on breast implants, or a bailout program for dancers who fall behind in their breast implant loan payments ! It's much easier to manage loss risk when the US taxpayer is ultimately backstopping the lender.

    PS my comment wasn't based on theoretical speculation. It was based on 'school of hard knocks' experience, after having allowed myself to become the 'lender of last resort' to several dancers over the years. I think that exactly one girl actually paid me back ... but that is partly my own fault since I got tired of trying to play the role of megabitch collection agent in the dressing room and then fighting not to carry that same 'gimme the money' mentality back to club customers.

  11. #11
    Newbie murrayhillbob's Avatar
    Joined
    Jan 2008
    Posts
    8
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Finance/loan with minimal credit

    try

  12. #12
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Finance/loan with minimal credit

    try

    Much like investment banks, the 'owners' of prosper.com have positioned themselves to profit from the processing of loans while (supposedly) offloading all of the risk onto a secondary market of willing investors. And just like the investors in mortgage backed securities marketed by the investment banks, the investors in loans managed by prosper.com are promised high rates of return with little or no mention of potential loss risk. So while the establishment of a loan arrangement service similar to prosper.com may be profitable, it's success is entirely dependent on SOMEBODY being willing to put up their cold hard cash to be loaned out to very high risk borrowers (categorically speaking) at 'less than amazing' rates of return (versus, say, double your money small cap stocks)

  13. #13
    Featured Member
    Joined
    Aug 2006
    Posts
    829
    Thanks
    433
    Thanked 1,332 Times in 328 Posts

    Default Re: Finance/loan with minimal credit

    rsyarya
    Last edited by xfatrabbitx; 12-02-2011 at 03:14 AM.

Similar Threads

  1. Care Credit Loan Question
    By kaiarose in forum Body Business
    Replies: 3
    Last Post: 01-22-2011, 09:14 PM
  2. Personal Loan vs Credit Card
    By GoldCoastGirl in forum Dollar Den
    Replies: 8
    Last Post: 02-10-2007, 03:20 AM
  3. Personal Loan for Bad Credit
    By Alexis81 in forum Dollar Den
    Replies: 5
    Last Post: 01-31-2007, 05:34 PM
  4. What kind of jobs with finance/credit major?
    By sxybrat07 in forum Dollar Den
    Replies: 22
    Last Post: 12-01-2006, 03:15 PM
  5. How to finance implants with not so good credit?
    By kittykat in forum Body Business
    Replies: 18
    Last Post: 09-01-2003, 08:37 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •