Post
Topic
Board Long-term offers
Re: Starfish BCB - Loans and Deposits
by
OneEyed
on 04/10/2012, 11:51:04 UTC
he is adding debt on top of debt he cannot pay any time soon, if ever.

This is standard practice. When you cannot reimburse a loan on time, you get late penalties on top of that. People report getting almost 40% of their investment back during the last 4 weeks, while the added interest would be a mere 1%. Doing that increases the cost of the loan for Patrick, but does not make the debt grow, added interests are fortunately much smaller than what is reimbursed during the same period.