Re: Medium Loan Request - 10-15% Interest, 30-45 days, Collateral and Escrow
Apparently you missed the part where the value could rocket and I would not be able to profit because, well it's in a collateral.
I did not, you may want to read more carefully my reply dated November 4.
Before borrowing money you should spend some time into reading proper money management techniques:
- forbid collateral liquidation ---> no longer collateral
- include a partial refund in case of value rise --> professional approach.
You also missed the part where the collateral is given to the lender if the payment is not made as per agreement.
That is the purpose of collateral, not something you can add as an extra.
Yes you needed that spelled out for you, so there it is
Apparently you are too busy thinking of your profits to understand that forbidding liquidation for anything other then late payment past maturity date is an option, not a requirement for a collateral.
Don't like the basic arrangements? This is a negotiations, and your preferences do not define what secure loan and collateral is.
I do not recall anyone saying those are 'extra', only you are being too much of a little bitch to figure out the obvious statement.
I did not need you to offer any 'partial refunds' to my advantage - you tried to not even use escrow, then asked for large amounts of collateral that can be liquidated to your advantage, and now you think you want to redefine what a 'collateral' is based on your personal preferences while mouthing off about 'professionalism'.
Negotiations and trade apparently means little to you, and your 'offers' are rejected completely.