Definitely worth it. People will benefit from this service a lot and will also help growing on itrader points. Loaning should have some restrictions though : - no more than 5-10 million loan - monthly return of some specified neopoints + added fee - restricted to Level II or lower with less than 10 itrader points(or award) everybody everybody jump with me!! <3 <3 <3
*jumps* Not sure I understand the process though. "restricted to Level II or lower with less than 10 itrader points(or award)" So only level 2 users and above, or level 1's with 10+ itrader or the award are allowed to borrow NP's?
Ok fasty lend me ten million What if i get frozen? What if i get hacked? What if i give you illegit back? What if Phee warns me for the 6th time in about 2 months?
Sorry, im know im new here, but no way this is gonna workout, unless loaners loan illegit nps and the people receiving the loan AB with the illegit and not get caught and the loaners would get there np back + interest
"Ok fasty lend me ten million What if i get frozen? What if i get hacked? What if i give you illegit back? What if Phee warns me for the 6th time in about 2 months?" 1. Good point 2. How would this affect you getting hacked? Or you mean hacked when you have the points? In which case, same as you getting iced. You'd just have to pay the loan back! Although, getting people to wouldn't be easy. 3. Attack you.... 4. I'll laugh The IDEA is good.. But whether it would work or not... interesting to see EDIT: 100th post
If ya get fronzen, you'll make another account and try to repay your dept sometime. If ya get hacked, bad luck, you negociate again with the lender. Neopoints have to be stated if they are legit or illegit and give them back legit/illegit. If ya don't get your neopoints back or if ya don't pay your dept in a certain time you get -1 itrade point or -rep and have the right to report to MODs
I think if someone loses the loan in a way they didn't mean to EG Frozen/Scammed/Pant Devil, then they will have second thoughts over paying it back. I would not pay the full amount back, hence why i don't lend?
The thing about this is, it's not like the real world whereas you have a legit 'credit'. If you lend Neopoints, there are all kinds of excuses and problems you may encounter if that user doesn't show up again. If you don't pay back IRL, either you're bankrupt, charged extra, or reported for not paying. They have consequences, here we can't
Because you might lack morals but I would definitely pay back and even give them some extra (that without the interest of course) <3
How about you just followed the rules or actually listened to what she said in her warnings Hmm, this loaning system sounds like a good idea, but I don't think it would work out either.. IF it did I would want it to be for lvl 4+ .. But I do think there would be too many complications if people got frozen/couldn't pay back etc.
It's a fine idea, but WAY to many problems I think this should be a personal thing... if you wanna participate, throw a thread up in Services (?) Market, and hope someone trusts you For sure shouldn't be a centralized thing, way to easy to abuse Edit - changed 'through' to 'throw' cause I had been thinking too fast when I first posted
Completely agree with you. I don't think there should be a system or anything. Users can just post a loan request and decide the terms through PMs (so the lender wouldn't be harassed to loan NP to everyone). I also think the borrower should back up the loan with USD as collateral so there can't be any "I'll get the NP to you by next month, promise!" excuses. Maybe people could be given a deadline and by the date, you either pay up the NP or USD.
Mhm, I see what you are saying Would it be pushing it to change USD for HTS? Like, if someone had a gallery of HTS items, they could overpay HTS (or ETS) and they would get the item back when they return the NP and the service fee? That could help people that have no paypal, a lot of expensive items that would be hard to replace, and a need for NP
It would be best just not to have a standard for collateral at all. It would just be something for the lender/borrower to work out. And if you are backing you NP borrowed with USD, I think it would be best just to buy the NP rather then get it loaned and then once you're no longer in need of that NP, sell it. There are a lot of problems with the whole idea of a loan system, but if we were to do anything like this at all, it would to easier to set it up where people submit a Service Market thread requesting X NP, post terms (how long they will need it, how much the lender will get back in interest, collateral they have, etc).
I was thinking the same thing when the idea of USD collateral came up. If you were to put USD down.. why not simply buy the NP? It seems like it would almost hurt the selling market by allowing people to be lent millions of NP at a time.
I think you should make it so anyone can loan anyone but it's at their own risk. It will build responsibility and trust between people. If you see someone as unsafe to loan, then don't loan. Only loan to people who you know will pay you back and don't do huge quantities.
Richy's idea is good.. It would also help looks a bit more legit on neopets by giving HTS items at a price rather than just transferring a sum of neopoints for junk I'm with the, no system just allowing it. and use these as a general guide for rules on how the "loans" can go down?
I think that would be the best way to go about it too. Allowing "at your own risk" and personal choice. Ultimately you always have the choice on who you do business with in the blackmarket as a whole anyway, so it's almost the same thing, just with less set guidelines for transactions. The specifics should be created on an individual basis.