Back in December, Tim was having some troubles with the IRS. Due to a mistake on his 2014 taxes, he had to pay an additional $400! And of course, the IRS wanted the money right away, with no concern at all that their request was in the middle of the Christmas Season. The IRS wanted their money immediately with interest or the penalties would rise. The conditions, as they say, were non-negotiable.
Tim had a problem. And to solve that problem, he turned to BTCJam.
Tim had some experience with Bitcoin before he tried BTCJam. He used Bitcoin and even purchased a few miners, so he had no problem sending Bitcoin around (after all it’s as easy to send as email). He just needed a little bit more to pay off the IRS.
Tim heard about others getting loans at BTCJam to help pay back their Bitcoin miners and increase revenue. He decided to give it a try and started out with a couple of small loans that he knew he could pay back easily.
Tim did a good job setting up his account and this helped him secure his loan. He linked all of his social networks and completed his profile. Tim also ensured that his loan would get investor attention by choosing a slightly higher interest rate than was recommended. Thanks to his diligence and smart choices, Tim had no trouble at all getting his loan funded.
Tim’s loan was funded within a few hours and thanks to the speed of Bitcoin, he had no trouble with glacially slow bank transfers that could have resulted in additional late fees.
Tim has big plans for his future on BTCJam and plans to continue having a few small loans open as he expands his Bitcoin mining operation. Someday, Tim hopes to retire on the proceeds.
Thanks to the support of BTCJam and the BTCJam investors, Tim was able to pay off the IRS quickly with no additional penalties. As Tim says “They love me again.”
Another great ending to a great story, thanks to the investors of BTCJam who supported Tim.
Until Next Time…. Keep on Jamming!