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  1. #21
    Quote Originally Posted by Alukat123 View Post
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    ok.... but nevertheless, there's a mechanism in place that prevents gamblers from taking big loans or loans over and over again....



    ok, smallest in my country is 500 bucks and there's condition for getting the loan ofc.
    1. problem with RL loan: If one doesn't meet the conditions, one won't get one.
    2. problem with RL loan: one may just need to withdraw the peds one got via loan to pay the loan, that risk is especially high if you got pay loans back within 3 months. So one has to pay deposit fee, one has to pay withdrawal fee (at least 10 bucks), one has to pay interested for the loan.
    3. problem with RL loan: if you withdraw the peds, they appear in your bank account and so they are income, depending on your income it may get taxed and other stuff.

    small RL loan, when you have rather low income, good way to waste money...
    and all those things are especially true for loans in EU.

    1. you make a loan with stuff that you could just sell to make profit with it
    2. as runs in EU tend to be a lot more often on the negative side than on the positive one means you wont be able to pay back the loan you took anyway which means you will lose the stuff you pawned which means you lose even more money because now you basically sold it for tt value
    3. the loan will have a fee which is lost anyway
    4. as you usually tend to lose on a run if you are not incredibly lucky means you gamble that this one run you take the loan for will be a positive run so you can pay back the loan AND get ur items back to sell them for a profit. thats a massive gamble here that you will lose 9 out of 10 times.

    you basically just want to add extra costs to your overall costs for no apparent reason which makes it a lot likelier that you will lose in the end.

  2. #22
    Quote Originally Posted by Me Really Never View Post
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    and all those things are especially true for loans in EU.

    1. you make a loan with stuff that you could just sell to make profit with it
    2. as runs in EU tend to be a lot more often on the negative side than on the positive one means you wont be able to pay back the loan you took anyway which means you will lose the stuff you pawned which means you lose even more money because now you basically sold it for tt value
    3. the loan will have a fee which is lost anyway
    4. as you usually tend to lose on a run if you are not incredibly lucky means you gamble that this one run you take the loan for will be a positive run so you can pay back the loan AND get ur items back to sell them for a profit. thats a massive gamble here that you will lose 9 out of 10 times.

    you basically just want to add extra costs to your overall costs for no apparent reason which makes it a lot likelier that you will lose in the end.
    ffs, read the thread first....
    1.) those items are backup and a mechanic is in place that allows to sell while using them to back up the loan...
    2.) ofc you need to play carefully and choose a loan-size, that assures that you will be able to pay loan and get your items back...
    3.) significantly less, yes.
    4.) see 2.)

    You add extra fee, to tab into extra profit stuff where you don't have the peds yet/atm to do that stuff...

    before you make any more responses, read the thread!

  3. #23
    Alpha Darth Revan's Avatar
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    So would the items be based on tt value of the item? Or would each lender put their own valuation on the items? Could they choose to accept only specific items? Or would it be any item?

  4. #24
    Quote Originally Posted by Darth Revan View Post
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    So would the items be based on tt value of the item? Or would each lender put their own valuation on the items? Could they choose to accept only specific items? Or would it be any item?
    Yes. No. No. Yes.

  5. #25
    Alpha Darth Revan's Avatar
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    Quote Originally Posted by Alukat123 View Post
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    Yes. No. No. Yes.
    Offering loans against tt value of items.

  6. #26
    Quote Originally Posted by Darth Revan View Post
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    Offering loans against tt value of items.
    basically, MA just secures that lender doesn't take off with the items.

  7. #27
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    Quote Originally Posted by Hijacker27 View Post
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    They're backing up a ped loan with ped? Then they already have PED and don't need a loan. If they have items, they can go to the banks as thats what they're for

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