gwit
Prowler
- Joined
- Nov 13, 2006
- Posts
- 1,091
- Location
- London
- Avatar Name
- Katielicious mallow (Kat)
So far as I am aware, and I am because I was one of the very close underbidders, and dealt with MA during the bidding process, the $100K only needed to be in your account upon opening, thereafter it was entirely down to you how much or how little you needed to leave in, dependant upon cash requirements.
My point on the two year payback, was that you have a two year window with limited competition to try and get your money back. After that then others will be allowed to enter the market
The rate of interest is still in my view usuary. Your security is strong with a right of sale over the defaulting customers items, either at TT or any other way you see fit.
I really think that to preserve your reputation as the gamers bank you should offer a much lower rate of interest more conducive to the risk reward profile you operate in and with the knowledge you have of the environment.
My point on the two year payback, was that you have a two year window with limited competition to try and get your money back. After that then others will be allowed to enter the market
The rate of interest is still in my view usuary. Your security is strong with a right of sale over the defaulting customers items, either at TT or any other way you see fit.
I really think that to preserve your reputation as the gamers bank you should offer a much lower rate of interest more conducive to the risk reward profile you operate in and with the knowledge you have of the environment.