Anyway its my first time seeing the lender defend the defaulter. Maybe they made an inside deal to pay back later, but I know from my experience that few of such defaulters are honest enough to pay back maybe a year or two later while others just leave it to their karma.
Here lender has good intentions and believes that everyone is honourable. Defaulter, in this case, know that and abundantly use his good will. probably gives him various promises and increasingly postpone the final day for payment. Unfortunately, I know of this method from personal experience.
No, I do not "believe[...] that everyone is honourable". Most people? Yes. Everyone? Definitely not.
But I do believe that everyone should be treated as being honourable until
proven otherwise. As I have also explained in the local board, I have (literally) decades of trades/gamble experience. I have my own reasons for doing what I'm doing. I have said we were still negotiating and I have assured that I would be monitoring his posts to be sure he doesn't ask for another loan in the mean time. All I asked for was a bit of patience (that - again - I believe everyone deserves until proven otherwise).
Thanks for that! Really a nice gesture towards this (very senior) member of this community! Really heartwarming...
