Post
Topic
Board Lending
Re: A list of defaulted loans (list of scammers inside here)
by
P4man
on 24/08/2012, 19:53:04 UTC
Pirate40 has defaulted to Bitlane.

Was promised payment yesterday
That default is a late payment, not a lack of payment, as bitlane will eventually get his money back (not at the promised time, but eventually). This thread seems to be for lack of payment.
Correct. Only confirmed defaults (lender disappearing) is added here.

If the criterion is "scammer", then whether or not Pirate belongs on this list remains to be seen, but he did default:

In finance, default occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract
http://en.wikipedia.org/wiki/Default_%28finance%29

Even if he repays Bitlane at some point, he still defaulted.
Just sayin.