Originally Posted by
MD
So, what're the new terms for this loan, Wulf? It's been over a week.
I've lent you 14800 total, and you've paid back 4675, so you owe me 10125, before interest. I propose new terms on the loan to be 14800 + 10% + 1% weekly and then +2% weekly after four weeks. You paid me off 4675, so there won't be weekly interest on that, just on the 10125 you still owe me.
As of right now, this would put your outstanding balance at 11721 ([(14800 + 10%) - 4675] + 1%). Agreed?
Still hoping to get this paid off in the near future, but I want new terms just in case.