Ever use DigiLoan or DigiPawn

[Ray]

I was browsing Rick Latona's (2008 Domainer of the Year) site and saw something very interesting. DigiLoan or DigiPawn. Has anyone ever used these services to purchase a domain? Was it worth it?

 

[bulkdomainz]

I neither want or need to pawn my names, thats why

LOL! They also BUY domains! Since you are looking to sell the one in your post above, why don't you try sell it to Rick via Digipawn/Digiloan and see what price he offers you. LOL!

 

[RJ]

did you do this because a bank personal loan was not viable ?

I'm certainly not trying to recommend any route of borrowing over another. I did it because it was the quickest easiest way to get the amount of funds I needed at the time.

Being self employed for most of the last 11 years, I never even tried seeking an unsecured loan from a bank. I try not to borrow for anything if I don't have to.

 

[Sparhawke]

LOL! They also BUY domains! Since you are looking to sell the one in your post above, why don't you try sell it to Rick via Digipawn/Digiloan and see what price he offers you. LOL!

Because I will not spend my time looking for sellable domains and then simply hand it over to another place without a hand in it, I set my prices and I don't allow people to dictate what I should sell for.

When I buy a domain, any domain I have a figure in my head of what I want it to bring and simply selling it to prove something to someone I do not know does not figure into that, I do everything I do for a reason, not a whim.

You said they never even replied back to you, this tells me that you have never been in this position to sell them a domain.

Once you enter negotiations with someone then you enter into an agreement of negotiation with a view to buy or sell at an agreed price, you do not simply enter into talks with people to waste their time with an offer they are never going to be able to meet and you don't enter into talks if you know they are never likely to meet your price. If you enter talks with someone you had better damn well be aware of what they are likely to offer or counter with; you do not go to a backwater newspaper with news.com expecting $7,000,000 because they are never going to be able to meet that price even though they would want it.

I have a price I want to sell in mind, THEY ARE NOT AN END USER and therefore they have a price in mind too in order to sell for profit.

They will buy for a fraction of my end-user price more than likely which is nowhere near the reserve I put on domains.

Isn't bolded text annoying?

Anyways, to recap, I am not going to simply contact them to waste my time and their time. They are not an end-user, they are a shop that buys unwanted domains and maybe gets people some liquid money when they want it. They will never offer end user prices which you seem to expect.

 

[DnEbook]

I'm certainly not trying to recommend any route of borrowing over another. I did it because it was the quickest easiest way to get the amount of funds I needed at the time.

Being self employed for most of the last 11 years, I never even tried seeking an unsecured loan from a bank. I try not to borrow for anything if I don't have to.

i guess the term 'easy' fits in with the 'pawn' term as it is basically a fast tracked loan