Flip_Toss Loan gone bad!

[nab76]

If I am understanding this it didn't actually work out to be a "typical" bad loan. Yes, it was a stupid way to do it but all of the points dan is owed are in the loan shark right? Again Yes he ignorantly loaned him 2800 in the market, but that amount was added as interest to the 4k loan that dan gave Flip in the shark. So it worked out like this dan7714 loan Flip_Toss 4000 in the loan shark and charged 3600 as interest(2800 from th market loan and 800 as interest on the 4k) . Since he added the 2800 from the market to the interest for the loan shark he will be able to get the full amount back when he debt collects right? If the guy had 10k in his account why didn't you debt collect right then and there?

[azreal1]

If I am understanding this it didn't actually work out to be a "typical" bad loan. Yes, it was a stupid way to do it but all of the points dan is owed are in the loan shark right? Again Yes he ignorantly loaned him 2800 in the market, but that amount was added as interest to the 4k loan that dan gave Flip in the shark. So it worked out like this dan7714 loan Flip_Toss 4000 in the loan shark and charged 3600 as interest(2800 from th market loan and 800 as interest on the 4k) . Since he added the 2800 from the market to the interest for the loan shark he will be able to get the full amount back when he debt collects right? If the guy had 10k in his account why didn't you debt collect right then and there?

no, you understand it wrong, (surprise surprise)
tbf if he had done that it would of made more sense

dan loaned flip 2800 in mkt to pay off the loan in shark
flip paid loan in shark
flip then made loan for 4000 in shark
dan added the loan amount of 2800 p[lus 800 interest in shark
flip took SOMEONE ELSES loan offer in shark
leaving dan 2800 points out of pocket

but again even if he did take the loan offer then debt collecting wouldnt be an option...as well as flip being in client wouldnt be happening because when u go into default u lose access to client

[nab76]

no, you understand it wrong, (surprise surprise)
tbf if he had done that it would of made more sense

dan loaned flip 2800 in mkt to pay off the loan in shark
flip paid loan in shark
flip then made loan for 4000 in shark
dan added the loan amount of 2800 p[lus 800 interest in shark
flip took SOMEONE ELSES loan offer in shark
leaving dan 2800 points out of pocket

but again even if he did take the loan offer then debt collecting wouldnt be an option...as well as flip being in client wouldnt be happening because when u go into default u lose access to client

thank you for explaining it. but why did you have to be a dick and add the surprise surprise comment? did u jsut want to make sure that you could never be accused of being nice?

[nab76]

so if flip would have accepted dans loan of 4k with 3600 interest and then defaulted dan could have debt collected for the full amount right?

[azreal1]

so if flip would have accepted dans loan of 4k with 3600 interest and then defaulted dan could have debt collected for the full amount right?

debt collect yes but collect on insurance would have only given him the 4K loan in shark as insurance doesnt cover for interest

[nab76]

i was just informed that flip ran off with a stake as well, dont think this guy is to much longer for this site.