Paying a loan late deserves red trust ? - page 2.

LoyceV

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Thick-Skinned Gang Leader and Golden Feather 2021

I first saw Favour's Lending Service thread when he had already realized he was going to lose his money loaning more than the "sales value" of the accounts that took a loan. I was surprised a thread like that existed, that whole thread was almost an invitation to get scammed.
I was expecting mainly people who don't value their account to join, and indeed, most of them don't care about red trust after taking the money.

Usually I only read the Reputation-section/trust-fights with a big bag of popcorn, but since you asked for opinions, I'll give you mine.

I got some time to spare, let me make a timeline first:

You took the loan on April 2, and had to pay back within 7 days. Interest on 0.05 BTC should have been 0.0105 BTC for 7 days.
12 days later you said you didn't pay back yet and "asked for more time" without getting a respons. This means you didn't get more time, but you took it anyway. You did not pay here. 5 days later favours says you didn't discuss anything.
On April 17 you got alerted by trust on your profile, once again saying you'll "repay in a few days". You did not pay here.
On April 22 you made a "public apology" asking if it's okay to send the payment right away. favours accepted. Right after this you mentioned you agreed for 0.055 BTC, lower than what would be expected based on the thread, but I can imagine favours agreed to this only in the hopes to get at least something back. You did not pay here.
After favours opened a Scam Accusation thread, on May 9 you asked for 24 hours to repay the loan. You did not pay here.
On May 10 you argue the lender is happy so you should get more time. What made you think he is "happy" chasing his money for 5 weeks? Minutes later favours says "your time is up" and - as expected - he doesn't sound happy. You got yourself another 12 hours to repay. You did not pay here.
On May 11 you ask for the address to send the bitcoins "right away". So all this time, when you were claiming you would pay back the loan, you didn't even know the address to send it to.
On May 12, you paid back 0.0625 BTC

I might have missed some details in the timeline, but the overall picture is clear. This leaves me to conclude you only paid back because of the red trust, hoping it will disappear again. And although that's entirely up to Lauda, I think you deserve it. You have shown many times you don't keep your word. If you would have done this to me, I would never trust you again. Your personal vendetta against Lauda doesn't make your case look any better either.
How would you feel if you have to beg someone for 5 weeks to get your own money back?
This thread once again confirms you only paid back to get the red trust removed.

MargonCreatives

sr. member

Activity: 336

Merit: 250

Quote from: BigBall on May 16, 2017, 12:38:57 PM

Bro if you said from start that you will pay a loan you must pay it in time and I think that if you not pay in time that you deserve negative trust.For me that is like breaking a law and you need to be punished with some way.

I can show you 100+ loans where borrowers paid late and there was not additional interest paid, are you promising me to give negative trust to them all ?

BigBall

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Bro if you said from start that you will pay a loan you must pay it in time and I think that if you not pay in time that you deserve negative trust.For me that is like breaking a law and you need to be punished with some way.

MargonCreatives

sr. member

Activity: 336

Merit: 250

Quote from: Lauda on May 16, 2017, 12:34:04 PM

Quote from: MargonCreatives on May 16, 2017, 12:28:51 PM

Quote from: favours on May 15, 2017, 08:57:36 AM

This is a lie, you didn't JUST pay the loan late. You didn't pay the interest you were supposed to.

I have enough proofs which confirms that you didn't needed that extra interest unless Lauda convinced you.

No convincing is required. His thread states that the interest rate is a fixed percentage per day. You only paid back the interest for the initial duration of the loan and not for the extended time that it took you to repay.

Quote from: MargonCreatives on May 16, 2017, 12:28:51 PM

You clearly told me YOU DONT NEED ANY EXTRA AT ALL, SHALL I POST IT ? I MEAN THE PROOF

Just because favours may be in such a financial situation in which he does not need the interest, that does not mean that you were not supposed to pay it.

I can show you 100+ loans where borrowers paid late and there was not additional interest paid, are you promising me to give negative trust to them all ?

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: MargonCreatives on May 16, 2017, 12:28:51 PM

Quote from: favours on May 15, 2017, 08:57:36 AM

This is a lie, you didn't JUST pay the loan late. You didn't pay the interest you were supposed to.

I have enough proofs which confirms that you didn't needed that extra interest unless Lauda convinced you.

No convincing is required. His thread states that the interest rate is a fixed percentage per day. You only paid back the interest for the initial duration of the loan and not for the extended time that it took you to repay.

Quote from: MargonCreatives on May 16, 2017, 12:28:51 PM

You clearly told me YOU DONT NEED ANY EXTRA AT ALL, SHALL I POST IT ? I MEAN THE PROOF

Just because favours may be in such a financial situation in which he does not need the interest, that does not mean that you were not supposed to pay it.

MargonCreatives

sr. member

Activity: 336

Merit: 250

Quote from: favours on May 15, 2017, 08:57:36 AM

This is a lie, you didn't JUST pay the loan late. You didn't pay the interest you were supposed to.

I have enough proofs which confirms that you didn't needed that extra interest unless Lauda convinced you. You clearly told me YOU DONT NEED ANY EXTRA AT ALL, SHALL I POST IT ? I MEAN THE PROOF

TheKing247

member

Activity: 62

Merit: 10

Quote from: blockcha1n on May 16, 2017, 06:36:05 AM

Quote from: TheKing247 on May 16, 2017, 06:10:36 AM

No you don't deserve red trust.

Says the newbie with red trust themself. Roll Eyes

You also have big red trust.

blockcha1n

full member

Activity: 185

Merit: 100

Quote from: TheKing247 on May 16, 2017, 06:10:36 AM

No you don't deserve red trust.

Says the newbie with red trust themself. Roll Eyes

TheKing247

member

Activity: 62

Merit: 10

No you don't deserve red trust.

sbogovac

legendary

Activity: 2744

Merit: 1193

I don't believe in denial.

Quote from: The Sceptical Chymist on May 15, 2017, 06:02:52 PM

[...] More to the point, did you not say you were leaving this forum? What the matter, can't you find the door? I'll help you: There are a blue row of 8 doors right underneath your avatar space, and it's labeled "LOGOUT". Do this and don't return. [...]

Wait, wait, wait! First, please, go to your profile settings and change your email and password to some gibberish and then log out... Grin

sbogovac

legendary

Activity: 2744

Merit: 1193

I don't believe in denial.

Quote from: Quickseller on May 15, 2017, 05:30:26 PM

[...] Lenders are frequently just as happy to receive a payment on the 31st as they are on the 1st, especially if they receive a late fee of some sort if received on the 31st. [...]

If I remember correctly it took "a few more days" (than 1), and OP did not pay the "late fee" (last time I checked)...

Further more, OP states he;

Quote from: MargonCreatives on May 14, 2017, 07:29:15 AM

[...] always was in contact of the lender [...]

and - again, if I remember correctly - this was not the case: IMHO if you're going to be late you should contact the lender in advance, not after the fact...

oxygen88

sr. member

Activity: 306

Merit: 250

Yes, repaying a loan late and not paying back the interest owned means you are still owning the money to the person that borrow you money, you do know you have to pay interest when you took the loan and you took the loan willingly.

The Sceptical Chymist

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Top Crypto Casino

Quote from: MargonCreatives on May 14, 2017, 07:29:15 AM

I repaid a loan late, always was in contact of the lender and he is very happy that I have repaid and does not need any additional interest. So now do I deserve red trust ?

Yes. Anyone would be a fool to trust you with money, as you have demonstrated. I ~~can't~~ totally believe you were lame enough to create a poll about this, so hopefully the results don't shock you. More to the point, did you not say you were leaving this forum? What the matter, can't you find the door? I'll help you: There are a blue row of 8 doors right underneath your avatar space, and it's labeled "LOGOUT". Do this and don't return.

Quote from: favours on May 15, 2017, 08:57:36 AM

This is a lie, you didn't JUST pay the loan late. You didn't pay the interest you were supposed to.

Then there's this fact, which contradicts

Quote from: MargonCreatives on May 14, 2017, 07:29:15 AM

he is very happy that I have repaid and does not need any additional interest.

So you're full of it.

Wandika

sr. member

Activity: 508

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In CryptoEnergy we trust

Quote from: favours on May 15, 2017, 08:57:36 AM

This is a lie, you didn't JUST pay the loan late. You didn't pay the interest you were supposed to.

This means that he are still in debt to you.

@OP. You have a lot loan default on your past and you received many negative feedback for that action. Just drop it and faced the consequences of your action and don't harass lauda.

Quickseller

copper member

Activity: 2996

Merit: 2374

So when a user fails to repay a loan, he will expect to receive (multiple) rating(s) from others warning others about lending to this person. The borrower's main economic motivation to repaying a loan he is already late on is for the negative trust to get removed (and potentially be replaced with a neutral rating about the late repayment).

In "the real world" it is very common for people to make late payments late, and to have isolated incidents of repaying a debt past the deadline. Lenders are frequently just as happy to receive a payment on the 31st as they are on the 1st, especially if they receive a late fee of some sort if received on the 31st.

I would opine that as long as the lender is happy, there is no real reason to leave a negative rating if a loan is repaid.

Qartersa

hero member

Activity: 868

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Quote from: MargonCreatives on May 14, 2017, 07:29:15 AM

I repaid a loan late, always was in contact of the lender and he is very happy that I have repaid and does not need any additional interest. So now do I deserve red trust ?

Good day!

Business-wise, I think you still deserve a red trust rating because you have not make good your payment at the time it is due and demandable. Although even the law can lean towards borrowers who make good their obligations within a specified amount of time as grace period, I think it is more important to honor commitments as originally agreed upon than the application of other remedies should you fail at making good your original obligations. My point is, you may have cleared your obligations at a later time but that does not change the fact that you failed to meet what is expected of you at a time certain.

favours

full member

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Lover of Bitcoin

This is a lie, you didn't JUST pay the loan late. You didn't pay the interest you were supposed to.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Absolutely. And considering your immature behavior, you just keep digging that hole deeper.

Quote from: MargonCreatives on May 14, 2017, 07:16:46 AM

Well, we all know you have 100+ accounts here and you want them all in camps, you are a proven extortionist and you cannot deny it. If you call a post maker a scammer then how a extortionist not a scammer ?

Come on dude you are a serious threat and probably the man who will take the community down, mark my words. May god give you what you deserve ( pain and pain only )

Quote from: MargonCreatives on May 14, 2017, 07:19:34 AM

Yes he has a attitude of look at me and he believes he can do any wrong activities while others are not supposed to. Will soon post something big, stay tuned

Quote from: MargonCreatives on May 13, 2017, 03:05:16 PM

Well, we all know and believe that Lauda is a scammer ( future possibly ) and extortionist but for some weird reason he is being kept in the DT, Maybe because he has a alt in higher trust level. Anyways whatever is the case, i URGE everyone to top stop using forum while he is there.

Quote from: MargonCreatives on May 13, 2017, 02:59:05 PM

Don't use Lauda's service, a service which I seriously doubt may scam anytime. Maybe use SebastianJu or Ognasty

Lauda may even give you a negative trust rating because you asked for escrow.

Whatever happened to staying calm and trying to rectify the situation like a normal civilized adult? If a user does not trust you, approach them courteously and fix the issue at hand. If it is unreasonable, create a thread, but don't start spewing bullshit like a goddamn asshole volcano. Your vendetta only serves to destroy any chance you have of changing that trust.

toolbox

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Looks like I am not the only one .-.

Lauda

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Terminated.

*In reality it depends on each individual case.

Topic: Paying a loan late deserves red trust ? - page 2. (Read 2634 times)