$$$ Matters

[chasoba]

Hi,

Wondering why isn't there a money option where we can take a loan or gift from another player or loan option from bank?

Cheers!
:p

[BigJoe]

I was thinking about this. Something like a loan office which can give you a loan at a certain interest rate. So if you really needed the cash now, lets say for a house, you would be willing to pay that rate for it. You would have to make daily payments for a selected period of time until it is paid off. If you miss a payment, parts of the game are disabled, similar to what happens when you are pregnant, in the hospital or in jail.

Not really sure how feasible it is in this kind of game though.

[Kyla]

the rates can be payed automatically from your job payment...
credit amount is related to your current job.
would be good...

[Dictator]

Hmm it shouldn't be profitable to take a loan and then put it in the bank to collect interest. And there should be strict measurements if you can't pay back, let's say you can loan half the worth of your house and the bank just sells your house if you can't make the payments. I can't see me taking a loan though, the interest etc would set you back.

[PaganWolf]

This was discussed a while back, and the scope for abusing it can be huge which can leave other players out of pocket so to speak.

[BigJoe]

Hmm it shouldn't be profitable to take a loan and then put it in the bank to collect interest.

Well the interest rate would reflect that. If the interest rate on the loan is greater than the bank rate there's no point in doing that.

And forcing the sale of your house after missing a payment seems a bit extreme don't you think? If this was the case half the US population would be homeless. :P

I was thinking more like, you can't train or do crimes until it is paid off.

[kestrel1940]

I like this loan idea. like taking a loan from the mob. if u dont pay it back u get ur legs broken everyday and are in hospital for a few hours , or ur in debt to them for a certain act maybe like them taking a percent of all ur crimes u commit until ur paid up.

[PaganWolf]

Not much of an incentive if someone borrows, passes the cash to someone else and quits.

[Kyla]

just take the money from job everyday and there is no need to think about what happens if you dont pay back. the only disadvantage is that it needs around 30 days to pay back 100k with jobrank unknown for example. Dont know what to do with this problem....

EDIT:

Not much of an incentive if someone borrows, passes the cash to someone else and quits.

make the ammount jobrelated...

[Dictator]

Not much of an incentive if someone borrows, passes the cash to someone else and quits.

I have to agree with PaganWolf here, a lot of possibilties for abuse..

[BigJoe]

Not much of an incentive if someone borrows, passes the cash to someone else and quits.

There are ways around this. For one you can make the maximum loan amount based on the house they own. So a homeless person can't walk in and get a loan. Additionally you can make it so the person can't sell their house while they are in debt.

While this would void my idea about using the money for a new house, there are other things which you might need money for [Hoes, surgeries, etc].

EDIT: You can also create credit scores based on whether or not you pay on time. People with better scores may be eligible for better interest rates, special offers, etc.

Again, I'm sure there are other ways to abuse it, but if they can be countered it could work. It would really open up the game a bit for some people who are strapped for cash.

[Kyla]

there are always ways to abuse in a game...

[xxAshleyxx]

I agree with Joe. With the closed economy in the game, its MUCH harder to transfer money between players. It's actually a big pain in the ass.

[Unsy]

Not much of an incentive if someone borrows, passes the cash to someone else and quits.

Passes the cash to someone else?

I thought the game had a closed economy.

Oh well, silly me just doesn't understand things :rolleyes:

[Hiro1]

Passes the cash to someone else?

I thought the game had a closed economy.

Oh well, silly me just doesn't understand things :rolleyes:

If you work hard enough, you can do anything.:rolleyes:

[Ross]

If you work hard enough, you can do anything.:rolleyes:
And that includes a free trip to fedjail as bonus.

[cream_thighs]

Here is a good one in keeping with the spirit of the game. You can have a loan shark send one of his goons to beat you senseless due to non-payment of loan. And instead of normal bank interest the loan shark wants double what he gave. He loans you 2000 he wants 4000 etc. lol

[Natasliah]

I was thinking more like, you can't train or do crimes until it is paid off.
You will run into some problem with maying the money back if you can't do crimes

And that includes a free trip to fedjail as bonus.
working hard gives fedjails now? and if its about transfearing money still seemce wrong i know many people that done it when they quit or want to help someone as long as the accounts aren't multis how can you fedjail someone for it?

[chasoba]

So far from what I observe, people transfers money by selling their wares in item market at a double the price for the other person to purchase... Does this consider a loophole in game? :D

[Natasliah]

maybe, but it would kinda be useless if you could only sell items at the sho price
like the pill market is over flowd by viagra and calis becuz people get them all the time from lottery and its less people that buys then then levitras,

i dont realy see it as a cheat or a loophole to help someone out with money then it would be the same with gifting someone items,

maybe have the send money function back to the game and have a balance of like a player can only resive 100k sent to them / 20 items gifted either reset it every month or that it gose down for every item you gift to someone else / send money to someone else or bailing, kinda like a trade balance.
and if you try to send something to a person that exeeded its limit it say something like:
sorry your friend has allready reached his maximum limit of gifts / donations.

[Shay Feral]

There are several ways to look at it, could keep the closed economy and bring in a loan agency. Or could make the economy open again...

I have a few ideas

1: I believe a good way to implement a loan agency would be for each player to be assigned a "Loan account" in which you can only buy things from the stores, not from the markets. You could go to the agency, get a loan for X amount of cashola that will be placed into your "loan" account and you can only use it for store purchases, surgery purchases and housing...

2: Add a "purchase with credit" option for stores, surgeries and houses. With this option players would have to pay off their bill with in a certain amount of time. Penalties would be jail time, or loss of house with amount of debt plus a fee removed from sale...

So, if you don't pay off your house loan you'll loose it and get some serious jail time. I suggest 24 hours!

[jessiebelle]

Or you can just work hard at making money in the game and not worry about getting a loan. I mean seriously the biggest issue is someone getting a loan giving the money away and quitting.

There are eighteen ways to make money in the game, a job, joining a studio, crimes, pet fights, arena fights, robbing other players, car thefts, the lottery, raffle lottery, roulette, slot machines, lucky boxes, hoes, turn ON your prostitution, sell items on the market, sell diamonds, spend real life cash for VIP packs and finally beg and hope others will help you out.



However in my opinion the only way a loan system would work out would be that when you take a loan you lose access to the item market, diamond market and hiring other players for prostitution until the loan is paid back. This would mean you could only get things from the shops in the city you are in, bail people from jail and buy a house. I say this because it is the only way to ensure that someone won't take out a loan, disperse the money to others and quit the game.

[Ramirez]

I don't think it's a good idea.

There is no use for someone borrowing loads of money based on their house value, but not allowing them to sell their current house.
I can't imagaine taking a loan for a few million except for buying a house since weapons can't be sold once used.

Their are always people, who have some cash in the bank and would agree to a loan.
If I borrowed someone money and he/she/it wouldn't pay me back, he/she/it could be sure that I will act the same as the mob. Put a few bounty's on his/her/it's head untill it's paid back or take care of it myself.

[chasoba]

Seems like it's better not to have these features, I don't wish to have free trip to fedjail...neither does anyone here wants too... :)