TSA and VB sold to Negator for 5.2mil (in Public Record)


ec3cwc July 6 2006 7:02 AM EDT

TSA and VB sold to Negator for 5.2mil.

Its 1200 BST over here now and i'm heading out soon to tonight, so i'll go on and send Negator the items (he is probably on EST). Request for acknoledgement will be sent by cm to Negator on this thread after this.

TSA (+36) and VB[75x650](+25) sold to Negator for 5.20mil with a payment plan at 2%.

1) Downpayment of 1mil would leave 4.2 mil at 2%.

2) Transaction done today 6th July Thursday.

3) Weekly payments by EST 2359 (BST 0459) on consecutive Thursdays.

4) Interest charged on balance of loan at start of loan period and after each repayment on remaining debt. i.e. Loan of 4.2mil would mean debt of 4284k to be paid in part by Thursday next, after which interest charged on the remainder. e.g. say 784k is paid by 13/7, 3500k is the outstanding debt and 2% is charged on that amount (3570 is the new outstanding amount). However, for convenience and clarity, equal installments are preferred.

5) Suggested payment plan of 8 equal installements of CB$ 573,340 on 13/7, 20/7, 27/7, 3/8, 10/8, 17/8, 24/8 and 31/8. Payment Outstanding 0: 1000 4284 1: 573.34 3710.66 2: 573.34 3211.53 3: 573.34 2702.42 4: 573.34 2183.13 5: 573.34 1653.45 6: 573.34 1113.18 7: 573.34 562.10 8: 573.34 0.00 6) Using an online loan calculator, equal installments for 6,7,9 or 10 weeks respectively would mean payments of 749.81, 648.95, 514.56, or 467.57. The choice is yours.

(http://www.fsa.gov.uk/consumer/04_CREDIT_DEBT/loan_calculator.html)





To: Negator Sent: July 5 2006 7:15 PM EDT Delivered: 12:49 AM EDT
Hi, i've still got a TSA +36 on me if you're interested. (NW:1,517,037 - 600k more than a +32 NW:908,683). I was wondering if you are interested in taking both the VB[75x650](+25) and the TSA(+36) at a total price of 3.85mil+1.35mil = 5.20mil. The asking price isn't negotiable but i'll be more than happy to work out a generous payment plan. Whatever your decision, i thank you for considering my offer.

From: Negator Sent: 1:04 AM EDT Delivered: 6:03 AM EDT
I am interested. VB and TSA for a total of 5.2mil. I can put down 1mil, if you are happy to take a payment plan of no more than 8 weeks, with 2% interest added on at the end of each week, we have a deal. I actually expect to pay this back far sooner than 8 weeks, though. If you want a reference, ask trigun about his loan to me recently.

To: Negator Sent: 6:51 AM EDT
Cool. Sold to you for 5.2mil then. Thanks! If terms below are acceptable to you then copy and paste on the PR forum outlining your choice of payment plan. TSA (+36) and VB[75x650](+25) sold to Negator for 5.20mil. Payment plan: 1) Downpayment of 1mil would leave 4.2 mil at 2%. 2) Transaction done today 6th July Thursday. 3) Weekly payments by EST 2359 (BST 0459) on consecutive Thursdays. 4) Interest charged on balance of loan at start of loan period and after each repayment on remaining debt. i.e. Loan of 4.2mil would mean debt of 4284k to be paid in part by Thursday next, after which interest charged on the remainder. e.g. say 784k is paid by 13/7, 3500k is the outstanding debt and 2% is charged on that amount (3570 is the new outstanding amount). However, for convenience and clarity, equal installments are preferred. 5) Suggested payment plan of 8 equal installements of CB$ 573,340 on 13/7, 20/7, 27/7, 3/8, 10/8, 17/8, 24/8 and 31/8. Payment Outstanding 0: 1000 4284 1: 573.34 3710.66 2: 573.34 3211.53 3: 573.34 2702.42 4: 573.34 2183.13 5: 573.34 1653.45 6: 573.34 1113.18 7: 573.34 562.10 8: 573.34 0.00 6) Using an online loan calculator, equal installments for 6,7,9 or 10 weeks respectively would mean payments of 749.81, 648.95, 514.56, or 467.57. The choice is yours. (http://www.fsa.gov.uk/consumer/04_CREDIT_DEBT/loan_calculator.html)

ec3cwc July 6 2006 7:08 AM EDT

"if you are happy to take a payment plan of no more than 8 weeks, with 2% interest added on at the end of each week, we have a deal."

I'm not sure if this means an interest free period for 1 week. But i'm reposting the suggested payment plan here. Hope this is acceptable.

0: 1000 4200
1: 573.34 3710.66
2: 573.34 3211.53
3: 573.34 2702.42
4: 573.34 2183.13
5: 573.34 1653.45
6: 573.34 1113.18
7: 573.34 562.10
8: 573.34 0.00

ec3cwc July 6 2006 7:13 AM EDT

To: Negator Sent: 7:12 AM EDT
Sorry about the formatting problem on the previous cm. I've made a Public Record post now, please acknowledge. Thanks.

Negator July 6 2006 11:27 PM EDT

From: ec3cwc Sent: 6:21 PM EDT
Yep. Loan is the usual sort with flexibility to pay more. Interest charged on debt remaining on the days that interest is added (every Wednesday night 2359 EDT). Say you pay 1mil today, leaving 4.2 mil. 2% charged on that amount makes debt a total of 4284k. Say you pay 784k by midnight Wednesday next (13/7), interest charged on remaining 3500k making debt owed 3570k. Say you pay 1070k by the Wednesday after that (20/7) 2500k will be left and interest charged on that amount and so on. About returning the items...its not nice but if you really have to please do it within 24 hours? If all is good please copy and paste this message and agree to the terms on the public record forum. Thanks.

Negator July 6 2006 11:28 PM EDT

Congrats to ec3cwc for the longest PR I have ever seen. :-)

Confirmed.

Negator July 6 2006 11:38 PM EDT

From IP To What When
Negator (Negator) 203.38.239.3 ec3cwc (Evaviszee) $1000000 -- Down payment on PP 11:33 PM EDT

Negator July 12 2006 11:47 AM EDT

From IP To What When
Negator (Negator) 149.167.208.102 ec3cwc (Evaviszee) $2700000 -- Loan repayment 11:44 AM EDT

By my calculation, the loan stands at:

Item Balance
+$5,200,000 $5,200,000 Original debt
-$1,000,000 $4,200,000 Down payment
+$ 84,000 $4,284,000 Initial interest
-$2,700,000 $1,584,000 Current payment

Negator July 12 2006 11:47 PM EDT

One more repayment before the Thursday interest!

From IP To What When
Negator (Negator) 203.38.239.3 ec3cwc (Evaviszee) $500000 -- Loan repayment 11:44 PM EDT

Loan history now:

Item Balance
+$5,200,000 $5,200,000 Original debt
-$1,000,000 $4,200,000 Down payment
+$ 84,000 $4,284,000 Initial interest
-$2,700,000 $1,584,000 Previous payment
-$ 500,000 $1,084,000 Current payment

Negator July 17 2006 12:52 PM EDT

From IP To What When
Negator (Negator) 149.167.208.102 ec3cwc (Evaviszee) $1105680 -- Final payment 12:47 PM EDT


Loan history:

Item Balance
+$5,200,000 $5,200,000 Original debt
-$1,000,000 $4,200,000 Down payment
+$ 84,000 $4,284,000 Initial interest
-$2,700,000 $1,584,000 Previous payment
-$ 500,000 $1,084,000 Previous payment
+$ 21,680 $1,105,680 Weekly interest (2%)
-$1,105,680 $0 Final payment

Debt repaid in full.
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