Author Topic: advice for expired cover order  (Read 2116 times)

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Offline taoljj

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BTS      Witness: delegate.taoljj

Offline btswildpig

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what do you think about the way credit card works . Due day , pay 10% minimum bill and continue interest per day , and you're settled for the month until next month's bill , and so on so forth .

I've used the minimum pay to avoid screwing up my credit report several times .

30 day cover at once not only screw himself , but screw the market too , put more down pressure on BTS if it's on a bear market with thin order book .

also charging daily interest after minimum pay earns interest (profit) for the system by lending extra leeway to the shorter after 30days  , works like a bank .

In China , banks are currently earning 1.5% interest per month on credit card , that's 18% APR , big profit for the bank .

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same idea
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lzr1900

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Offline sudo

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Offline 天籁

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when cover order expired, we take off the interest,  and forced cover 10% of the  debt.
then update the left order's time to current.
for simplify the develop
every time we cover part of the debt, we can delay the expired date to (cover balance)/(total balance) * 1year
+5%

Offline sudo

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Offline alt

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when cover order expired, we take off the interest,  and forced cover 10% of the  debt.
then update the left order's time to current.
for simplify the develop
every time we cover part of the debt, we can delay the expired date to (cover balance)/(total balance) * 1year
and with a limit, the expired  time can't be more than 1 month from now.

Offline sudo

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when cover order expired, we take off the interest,  and forced cover 10% of the  debt.
then update the left order's time to current.

sound nice.

Offline alt

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when cover order expired, we take off the interest,  and forced cover 10% of the  debt.
then update the left order's time to current.