Giving out loans

Discussion in 'Classifieds & Ads' started by MagicFanatic, Feb 28, 2015.

  1. MagicFanatic

    MagicFanatic Builder
    Builder ⛰️ Ex-Mayor ⚒️⚒️

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    Hi Ecc,

    I haven't ever given out that many loans so this is my first go at this, but I am still going to run it efficiently.

    Amount of money ready to be loaned out: $40,000

    So here's how it goes:

    1.You realise you don't have much money
    2.You realise you need more money
    3.You come to this thread
    4.You fill out the application form:

    IGN:
    Rank: (Only Residents+ can apply)
    How long have you been on ecc:
    How many loans have you taken before this one:
    Have you ever been banned:
    If answered yes to the above question, why?:
    If answered yes to the above question, can you provide a link to your ban thread:
    How much money do you want to take out:
    When do you want the loan to be started ie. The money being handed over:
    5.You read the terms

    Each loan will be at an interest rate of 5% per week after the loan has been given out, you will have a month to repay the loan (if you need longer please forum pm me or pm me in game so we can sort it out) You will repay the loan on a set date that I will specify, if you can't make it on then, we can work something out in game pretty quickly, If you fail to repay the loan, a late fee will be added of $5,000 will be added for every day after the specified date that we set (plus interest) If this goes on for a week a complaint will be filed and I regain the right to seize any of your possesions up to the amount that you are in debt. You will never be able to take a loan from this company after an event like this, and I don't think many other loan companies will be welcoming you into their arms if you've been banned for faliure to pay a loan

    6.You wait for me to accept your loan
    7.You go away happy, and spend your money (Just remember to pay it back ;))
     
    #1 MagicFanatic, Feb 28, 2015
    Last edited: Feb 28, 2015