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Teilk's Secured Loan Service

A little bump, and a large thank you to those who have already tried my services :)
 
Very nice service, gratz for starting this badly needed
 
Mmmmmmm?

Now we have a pawnbroker(loanshark) in our virtual world.

I have to say Teilk your "service" has the smell of exploitation,
In my opinion you are trying to take advantage of desperate people who are short on peds,people who are not in a strong financial postion.

in the real world pawnbrokers(loansharks) are banking on the person not being able to repay the loan,they become rich and profit on peoples misery.

By the way i speak with authority as i am a regisisterd credit broker in rl.
As in the real world this universe is full of unscruplious individuals who are praying on peoples adverse social and economic situations.

So Teilk iam hoping that people think long and hard before they enter into an"agreement" with yourself.

In my opinion people who are addicted to a thing(myself included) are much easier to manipulate and profit off.

Regards Swazer
 
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swazer said:
As in the real world this universe is full of unscruplious individuals who are praying on peoples adverse social and economic situations.
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This is a video game, no social situations involved imo.
 
nvcK said:
This is a video game, no social situations involved imo.
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Correction nvcK this is not a video game,EU is a virtual universe with a real cash economy hence real life cash is converted into the "project entropian dollar" therefore real money can be won and lost, therefore real people can be open to exploitation just like in real life.
 
swazer said:
Correction nvcK this is not a video game,EU is a virtual universe with a real cash economy hence real life cash is converted into the "project entropian dollar" therefore real money can be won and lost, therefore real people can be open to exploitation just like in real life.
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its just another way to bring virtual and real life closer together.
Its all apart of MA's grand vision.

And credit insitutions is what makes the world go around :wise:
 
Swazer I am impressed, you have improved your spelling greatly.

Btw, this is not the first guy to start this service, nevertheless, good luck with it.
 
a pawnshop ;-((((


We have MA devaluating out items value now we have a pawn shop doing the same.
 
Dunn said:
its just another way to bring virtual and real life closer together.
Its all apart of MA's grand vision.

And credit insitutions is what makes the world go around :wise:
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I agree with you Dunn credit and finance does stimulate growth and fund enterprise however there is allways those who wish to exploit and profit with high rates of interest and i feel a flat rate of 15% for a 72 hour loan is extremley high indeed.Also if the "loan" exceeds the given period a further 5% charge is added.
Dunn? who do you think will take "advantage" of Teilks service? the rich the well off? the financialy competent? i duobt it very much.I thnk the most vunrable avatars will.Its the age old story of the rich taking advantage of the poorer man,all iam trying to do here is for people to think about what Teilk is realy offering.
 
Teilk said:
[Deleted]

This is a service for those who need fast peds that they would otherwise have to wait for. It is not being done for charity. Of course I plan to profit.
As far as you being a registered credit broker irl, that simply means that you do the same thing I do, but for people who have bigger issues than their pedcard in a video game. Hypocritical as hell.

This is not manipulation, it is a service that some may or may not want to partake in. There are no falsities being perpetuated, and there is no fine print, (much different that your RL occupation). The service is very open and honest about the costs, and there are no hidden fees. It is not cheap to do, but to many it is worth it.

Some come here to play a game, some come to try and make a business, and then there are those who want to scream "profiteer!" in the hopes that they will seem morally rightious by spitting on those who actually try to create something more than your standard shopkeeper.
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Teilk

A very predicted response indeed.You are correct no one asked me for my opinion however when i came across your "services" i was strongly motivated to leave my opinion,after all this a forum were free speech is encoraged.

The bottom line is this.Your business is exploiting poorer players,your rates of interest are excesive,and you are praying on peoples addiction,iam sorry if my views impact upon your profit margin but i care very strongly for my fellow entropians and when i see them being exploited in this manner your damm right your gona get my views on the matter.

and yes iam involved in finance in real life please dont compare my business ventures with yours,my rates are aprox 50% cheaper than yours.

Get mad as much as you want Teilk,the day i stop is the day i die.

regards swazer
 
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swazer said:
Correction nvcK this is not a video game,EU is a virtual universe with a real cash economy hence real life cash is converted into the "project entropian dollar" therefore real money can be won and lost, therefore real people can be open to exploitation just like in real life.
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My point is, unlike RL, noone inside EU is forced to pawn his stuff off. Avatars dont have kids to feed or bills to pay. If you decide to take advantage of Teilks service, you do it out of your own free will and without any social or financial pressure (besides the addiction factor which is, and always will be solely a part of MA's moral responsibility).

And concerning the "class" of avatars who are going to use this service, I dont think many noobs will knock on Teilks door, handing their Pixie over.
 
See first post
 
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swazer said:
I agree with you Dunn credit and finance does stimulate growth and fund enterprise however there is allways those who wish to exploit and profit with high rates of interest and i feel a flat rate of 15% for a 72 hour loan is extremley high indeed.Also if the "loan" exceeds the given period a further 5% charge is added.
Dunn? who do you think will take "advantage" of Teilks service? the rich the well off? the financialy competent? i duobt it very much.I thnk the most vunrable avatars will.Its the age old story of the rich taking advantage of the poorer man,all iam trying to do here is for people to think about what Teilk is realy offering.
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I know what hes offering, and i got very good idea about who it is that will take advantage of this service. However, i belive that the comunity is old enough to take the responsiblity of their actions, and if they are short on cash then decide to gamble it away on the gambling proffesions of EU, then they should't not use teilks service, but thats all up for them to decide themself's
 
Do you have permission to start up a "pawnshop"-service? :dunno:
 
Konve said:
Do you have permission to start up a "pawnshop"-service? :dunno:
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Do you HAVE TO have permission to start up a "pawnshop"-service? :dunno:
 
Konve said:
Do you have permission to start up a "pawnshop"-service? :dunno:
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Are you thinking of any particular countries laws?
 
nvcK said:
Show me a single official MA document saying EU servers are located in Sweden.
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EULA, we are suposed to follow swedish laws.

But they are hard for them to enforce here
 
Dunn said:
EULA, we are suposed to follow swedish laws.

But they are hard for them to enforce here
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Then he actually might need one :confused: .

Konve said:
Link

By the way, Mindark is in Göteborg which is in Västra Götaland:
http://www.o.lst.se/cgi-bin/MsmGo.exe?grab_id=31&page_id=4264192&query=pantbank

Edit: First URL was sort of long so I shortened it..
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The company location does not matter much, it is the geographical location of server where the participants interact. AFAIK, whenever someone asks Marco about the servers, he says "Can't comment on that, we rent out our server capacity." However, if EULA says everyone has to obey Swedish laws, they indeed do (what about the tax laws eh?).
 
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And i'm not entirely sure whether this concept is within Entropia Universe's EULA. As for socs, my experience of Teilk & Dunn is that they're complete w@nk£rz i wouldn't give them the steam off my sh!t!

One day when showing my diciple round New Oxford Teilk shot me in the back as i was heading towards the Deer Building from the Tp , so as for helping fellow entropians , don't make me laugh! Greedy profiteering extortioners!!


New World Order my ass! :laugh:

Jam.

I s'pose your gonna declare war on me now! :laugh: Do i care :laugh: +rep Swazer!
 
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See first post
 
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nvcK said:
The company location does not matter much, it is the geographical location of server where the participants interact. AFAIK, whenever someone asks Marco about the servers, he says "Can't comment on that, we rent out our server capacity." However, if EULA says everyone has to obey Swedish laws, they indeed do (what about the tax laws eh?).
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Yes I know, I included that one only because, as you can see, the geographical location does not matter.
 
Etopia said:
Can i know where is the security ?
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It is secure for Telik as he doesn't risk anything (besides his account I guess, but I doubt it).
 
Etopia said:
Can i know where is the security ?
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The loans are secured by items, thats all that means. It not like we have a credit scoring system or collection agencies in game. The lower amounts that I offer on the value of items used to secure loans are to ensure 1: that there is a serious effort made to pay on the loan in a timely fashion. 2: To ensure that if the loan is defaulted on, I am compensated for my time and expenditures.
 
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