1. legoking236 Builder
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    LoanCorp Bank
    LoanCorp Bank is an agency specializing in loans, but we offer other services as well, We make things easy, and we don't discriminate based on rank!

    Loans:
    LoanCorp Bank's main income is loans, we offer loans for anything, personal use, business, plot loans, and everything in between, you can also, pay you loan in one sum, or make payments. its a 1.25x payback so if you borrow $10,000 then you only have to payback $12,500! Pus we have an 8 hour payback policy, so if you take a loan and pay it back in less then 8 hours you will not have to pay the interest.

    Debt Consolidation:
    Some users become drown in debt, and cant pay it off, these users need relief, we offer that, you can come to us, and we will give you the money to pay all of your debts, and you can pay it off with easy payments you can afford

    Griefers Insurance:
    Want to keep pesky griefers away from your property, then look no further then LoanCorp Bank's Grierfers Insurance, we protect against the cost related to griefing, if your house gets griefed we will immediately pay for an investigation, then we will pay out accordingly. all you have to do is pay a small weekly payment depending on your coverage amount.

    Talk to legoking236 about any of these services.
     
    #1 legoking236, Oct 30, 2013
    Last edited: Nov 7, 2013
  2. JazzBeam Builder
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    ''Debt Consolidation'' isn't going to help players with their debts because its only going to make their debt larger.

    For example, If Jack owes a total of 70k to many of his creditors, he is in trouble, like you said, drowning in debt.
    If he were to use your Debt Consolidation plan he is only going to increase his debt, and is not going to help at all, it just makes matter worse for him. Becuz if your bank gives him 70k, he will have to make more payments to repay the 70k. Which is the samething as using a loan to pay off your previous loans. And he will have to pay interest on that loan, so he has to pay pack 73.5k (5% interest). So therefore, he only increased his debt by 3.5k. How is that going to help him?
     
  3. legoking236 Builder
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    But we divide it into affordable monthly payments
     
  4. JazzBeam Builder
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    So? Jack can repay his debt the same way to his creditors, except he has to pay beck 3.5k less.
     
  5. Fleetfooter Builder
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    I'm kind of interested in the Loan Consolidation idea. How much money do you have for this business right now though? That is kind of important for people interested to know.
     
  6. legoking236 Builder
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    yes but some creditors dont want to wait months for repayment, pust were talking about more then 1 creditor so if jack owes $10,000 to marry, $15,000 to bill, and 40,000 to jan, then we consolidate it into one loan so he can pay all 65000, and he pays us back $3000 a month
     
  7. legoking236 Builder
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    not much right now 70k, but were growing, if you wanted to become a lender partner we could work that out
     
    #7 legoking236, Oct 30, 2013
    Last edited: Oct 30, 2013
  8. Coolacdc Builder
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    I might be interested in a loan, How much interest do you charge?
     
  9. legoking236 Builder
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    depends on size
     
  10. Coolacdc Builder
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  11. legoking236 Builder
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    10k would probably be a 10% rate, 30k would be around 20%
     
  12. Coolacdc Builder
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    Nvm... 20% Is Way to much
     
  13. legoking236 Builder
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    it's only 6k on a 30k loan... plus it depends on your pay-off time if u were to pay it off in 2 days i would lower the interest rate to say 5% but if i had to carry the liability for 2-3weeks then i would charge a 20% interest
     
    #13 legoking236, Oct 31, 2013
    Last edited: Oct 31, 2013
  14. JazzBeam Builder
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    In real life, the monthly payments have a big reputation of being unaffordable.
     
  15. legoking236 Builder
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    but they are not going to be in the game they will only be around 1500-3000 per month, you can get that by 1 or two days of voting....
     
  16. JazzBeam Builder
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    Okay, now i understand. But it will take a long time to repay the loan though. :)
     
  17. CassieCasanova Builder
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    Are you still giving out loans and how much are you giving out to people and interest?
     
  18. legoking236 Builder
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    1.25x payback