I will be able to pay the 0.01 interest + 0.005 late fee within the next 7 days.
I will try to make it within 3 though.
Verbal contract within a contract? Scamception if I ever saw it haha.
Just kidding. I'm sure that you have good intentions, but once you have paid the amount due back to the creditor you need to consider realistic terms for any future loans.
Okay it was only a small amount, but imagine if that was a bank you were dealing with, imagine the fat fee they would slap on your account, or debt that they would tarnish your name with. Just because it is a contract formed on a forum doesn't mean that you can take the piss.
People get twitchy around here because there are so many scams that go down - just even a little post or message to let him know that you're still alive would go a long way to calm the paranoia.