THE LOAN SYSTEM
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Yui MHCP001
This article is strictly for the loan system.
Last week, I started up a loaning system. Not long after that, I realized I would need funding, as I only make 200USD/Day, if that. So I soon teamed up with LordBryant, and now Him and I give out the loans.
We have established 6 levels of membership:
Plain - 4.5% Fee, 2000 USD Maximum
Bronze - 4% Fee, 2500 USD Maximum, Must pay back 5 loans
Silver - 3.5% Fee, 3000 USD Maximum, Must pay back 15 loans
Gold - 3.25% Fee, 5000 USD Maximum, Must pay back 50 loans
Platinum - 3% Fee, 7500 USD Maximum, Must pay back 100 loans
Diamond - Classified
Every level has a 500 USD Minimum take out amount.
There are 6 ways you can pay:
1 week
2 weeks
3 weeks
4 weeks
Timely Plan (PM Me)
Percent Plan (PM LordBryant)
If you do not pay within the time that YOU choose, there is a possibility you will be blacklisted, unless you work something out with LordBryant and/or I.
Loan request form: http://www.tinyurl.com/LionLoans
-Leos111
Comments
Voted. Finally someone came up with a loaning business
WOO!
eRep payday loans!
i don't think that its a gd idea for you to trust people like that
since what u r doing is kind of legal but if the other person screws you up nobody no admin will do anything about it, so u aren't legally protected.
and u can't act like loan sharks either, because again u can't do anything about it =_='
i suggest that u keep this loan system as it is with those few who u can trust, and stop taking that big risk of going global. because from my respective view atm, if just 1 screws you up for a big/medium/small loan, ur gona work A LOT to make it up 😞
I think it's a good idea but I do think you guys are also taking a big risk.
I don't think it's a good idea to listen to someone that can't spell.
No, but we both know the risks that come with this business
I'll take one diamond membership, please!
lol
Good luck. The game does need some sort of bank.
This seems interesting, I might need a loan. Just I dont understand this part very good, my english sux.
Plain - 4.5% Fee, 2000 USD Maximum
Bronze - 4% Fee, 2500 USD Maximum, Must pay back 5 loans
Silver - 3.5% Fee, 3000 USD Maximum, Must pay back 15 loans
Gold - 3.25% Fee, 5000 USD Maximum, Must pay back 30 loans
Platinum - 3% Fee, 7500 USD Maximum, Must pay back 45 loan
Diamond - Classified
What are the requirements to receive a loan? minimum lvl? number/quality resource buildings?
@ManofMagic We don't necessarily have requirements. If we think you are not suitable for a loan, we will Deny your loan request without telling you. If we think it is just, we will blacklist you, so you are never considered for a loan.
To answer the following questions and comments:
C: "i don't think that its a gd idea for you to trust people like that..."
A: I take a guess at the nature of the person before I approve. We are a business and that requires risk. I also know a few people that would take heed of my word, therefore I have some sort of political sway over the quality of someone's name. Also, I make plenty USD/day and... it's a game that i don't pay for.
C: "Just I dont understand this part very good..."(memberships)
A: After my financial being was damaged severely after the crash of t'jelle bank, I decided that I would not just create a banking system that will constantly evolve to suit the present, I also have attempted to begin a world-wide credit system. The credit system is tied into a rewards system, e.g. When you continuously repay loans from our bank, you begin to earn a higher place in our membership list. After 5 repaid loans, one can change from a "PLAIN" member to a "BRONZE" member. The "BRONZE" member has a lower fee because of loyalty, and have access to larger loans because of their history. Our bank can be used to vouch for you, the more trusted you are by us, the higher credit rating we would give to the required source.
tl:dr= More you loan with us, the less it will cost you + The more you prove your worth, the more we can vouch for you.
Q: What are the requirements to receive a loan?
A: There are no requirements really, but we do put individuals through a screening of sorts, we look at past playing history, friends list, and if need be, an inquiry from the individual. Because we have to take a risk with no concrete assurances, we take it upon ourselves to judge individuals to our liking. (nothing personal)
Woah, that was pretty thorough.
hell man the loans are to small
Well, we have to start off small, just in case people rip us off.
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and FYI, Im convincing myself to donate money to you guys 😛 IF I get myself to buy a package of gold , that is 🙂