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Old 10-08-2015, 09:24 AM
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Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
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Join Date: Apr 2009
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Quote:
Originally Posted by frankbmd View Post
I helped a friend (?) accepting his 1956 Topps set as collateral for a personal loan with an agreed upon repayment date. When that date came without the payment, I upgraded my set with cards from his, as a form of interest on the loan. He ultimately repaid the loan in full and got his somewhat lower grade set in return. When he was unable to pay, he was informed of and accepted the "interest" addendum to the original contract. It all worked out in the end, but I wouldn't recommend it.
Frank Bucks to the rescue.
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