Juice on a debt to a local question

[griz]

Hypothetical question:

-bettor calls bookie before superbowl to inquire about making a large wager
-bettor lets bookie know if the wager loses, debt will be paid in 2 weeks
-bookie says ok
-bettor loses the bet
-bettor calls the bookie on Monday to let him know he will be paid within 2 weeks.
-bookie says ok talk to u in 2 weeks

boys would the bookie place interest on this debt?? hypothetically the bookie never explained interest on the debt.

i was watching the sopranos last night and they fukkin charge interest if you cannot pay. someone enlighten me here

[opie1988]

He most likely won't if it wasn't discussed beforehand. The Soprano's situation you watched was most likely points charged on a loan. Totally different scenario. In this instance, points are charged regardless of when you pay back. This is simply interest accrued on a loan.

You should be fine.

[griz]

He most likely won't if it wasn't discussed beforehand. The Soprano's situation you watched was most likely points charged on a loan. Totally different scenario. In this instance, points are charged regardless of when you pay back. This is simply interest accrued on a loan.

You should be fine.

thanks 1988. this is hypothetical tho, not me.

thanks for the info

[SportsMushroom]

this is life it isnt the movies


unless the bookie doubles in loansharking I dont think he'd consider charging interest



just making an estimated guess though, never played on credit

[Romanov]

interest on two weeks? even if he charges 20%, that is only .77% interest. You owe him $1000, tack on an extra $8. Who cares?