I'm a semi-retired electronics engineer with a steady monthly income. I’m currently making payments on several short term, non-collateralized, personal loans. The proceeds from the Bitbond loan will be used to pay off these loans so I can consolidate into a single monthly payment and reduce my overall loan expense. This is possible because of the lower interest rate and longer payment term offered with the Bitbond loan. I can easily make the Bitbond loan payments with monthly proceeds from my pension, social security and part time job.