Homecredit tried to invite me to loan from their loaning services. From their chat services, they process everything so that when I go into their service offices here in Pasig, everything will be okay. I took my time to go to their office here in Eastwood mall since it's close to my work only to found out that their branch are not offering loaning services and tells me that the nearest homecredit branch that process loans is located at Robinsons mall at Sta. Lucia which is 2 rides from work. So I have decided to give up for today.
Now I know the difference of loaning money from an institution. The process takes time, paper works, validation, and also confirmation from my work if I do really have a regular job. It's so different from the Bitshares platform where you can loan by just using your Bitshares as collateral(If only my ratio is high enough I'll use Bitshares to loan some money in order for me to pay my bills.).
Loaning from Bitshares platform doesn't requires any ID, the convenient of using such great platform with just 2 simple steps. Enter the amount you want to loan, add Bitshares as collateral and you're all set. The good thing about this is, you can pay this debt even for a year or even beyond that. Imagine if Bitshares price is at $8 each next year. No institution will harass you to pay your debt. It is you will decide weather you want to pay your debt.
How I wish my ratio is still high so I could loan more in order to use it in my bills.
What do you use to convert to fiat?