Hello there arklan...please let me know the plan going forward and how much time you need. This loan carries a significant late fee of 0.1
BTC/day...we need to make arrangements...
Terms of this loan have been renegotiated. arklan has made a payment of 0.5
BTC. The remaining amount due is now locked in at 1
BTC, due April 15, 2015. This means total repaid will be 1.5
BTC, rather than the original 1.2
BTC. Late fee provision is waived for two additional months until April 15, 2015, to give time to get affairs in order. If arklan is not able to repay the remaining 1
BTC balance due by that date, a new late fee of 0.1
BTC per week with be enforced (rather than per day). Again, this is to ensure the loan is paid off at some definitive point. Updated loan terms:
Borrowing Member: arklanLoan Date: December 4, 2014
Loan Amount: 1
BTC Amount to be Repaid: 1.5
BTC, 0.5
BTC paid on February 16, 2015, 1
BTC balance remains
Due: April 15, 2015
Late Fee: 0.1
BTC for each week late