-SpaceGhost-...

One question for yourself. How can you offer loans to people if you're not even wealthy your self.

-SpaceGhost- then responds to CantThinkOfAName.

Actually I am rich, its just stored away at the moment.

Alright I do apologize, I heard you wrong. Be that as it may it still does not change the numbers, in fact on smaller loans it actually makes it even worse. On a 75k loan you will charge a 20% initial fee. Then at 20k an hour you will add an extra 480k if one is a day late. That actually raises the cost if late on a 75k loan to 575k. My initial point was wrong as well being the 20% per hour. Any loan taken under 100k is being charged more than 20% per hour late. So once again I'd like to ask the same question. If someone runs the risk of not paying back in time and being charged a ridiculous amount interest, why would they go to your business as opposed to another that could offer the same initial amount and not have to pay as much?

Cherokee steps back and waits for spaceghost to explain the reasoning

-SpaceGhost- then confronts Cherokee.

Mate, your not really understanding this concept. If you have any other questions/comments please see me in my office.

-SpaceGhost- then walks towards his office.

The think is Spaceghost I'd like to understand the concept. I'm sure others would like to know the details as well. I'm asking not because I need a loan, but because I want to know how exactly this works now. I feel like you aren't being fair to those who are seeking loans by not explaining to them why they should come to you when your rates are obviously a bit outrageous.

So please enlighten me here because I have gotten to the point, pardon the awful pun, where I do not think I need to bring any more math into the equation

Blink reads over the business proposition and ponders S & S Fast Loans.

Hello there SpaceGhost and SoulCathcher. Congratulations on your business venture, you seem to be creating quite the buzz. My question is quite simple. How do you plan to enforce repayment of the loans you issue? This may seem slightly less important to you, but with the rather hefty interest you will be charging to late payments... how do you honestly expect to enforce any type of repayment plan/rule? It seems to me that by practically strong arming (perhaps unsuspecting) people to pay nearly ridiculous fees on late payments, that you are practically begging people to stiff you. Aren't you driving away business by charging WAY more in interest than other loan businesses? Why would anyone come to you?

So, basically... what is your enforcement plan? How do you expect to get people to ask for your loans and how to you honestly expect to get them to pay up?

Think about it, I know I'm not the only curious one.

100k Loan- 100,000

20% interest- 120,000

1 hour late- 140,000

2 hour late- 160,000

3 hour late- 180,000

4 hour late- 200,000

5 hour late- 220,000

6 hour late- 240,000

7 hour late- 260,000

8 hour late- 280,000

9 hour late- 300,000

10 hour late- 320,000

11 hour late- 340,000

12 hour late- 360,000

13 hour late- 380,000

14 hour late- 400,000

15 hour late- 420,000

16 hour late- 440,000

17 hour late- 460,000

18 hour late- 480,000

19 hour late- 500,000

20 hour late- 520,000

21 hour late- 540,000

22 hour late- 560,000

23 hour late- 580,000

24 hour late- 600,000


Thats right right?

Ok. Let's imagine that a guy decides to borrow 75000. The amount of money they must give back is ...
75 000*1.2= 90 000.. right ? Up to know, why not, it's nice.
Now, let's imagine that this guy is one day late. It means 24 hours, so he must give back ...
(75 000*1.2) + (20000*24) = 570 000... Waw. you better not be late. Never.

Moreover, let's imagine now a little thug wishing to have 1000$ to start his life. He should give back 1200$. Right, why not. But let's imagine he's also one day late.

(1000*1.2) + (20000*24) = 481200. Waaaaaaw. Just freaking amazing. It's something like 50000% interest in one day, no ? Of course, he couldn't give you that sum, he's still a little thug. So, you've just created infinite debt system... Pretty wise. But I'm seriously doubting that anybody would ever by interested by that (apart from you). Don't you think so ?

Maybe a threat of bodily harm would do more good then a threat of ill put you in debt forever for one day late. Good idea yeah?

Hey, be careful, Pompey. You've borrowed 0$, tomorrow, same hour, you'll owe him 480 000$. You better give him 0$ each day, or you'll enter in the vicious circle of infinite debt :/

Stepping up an interupting all the ruckus

"I respect everyones views an opinions an I thank everyone who has brought it to our attention about the outrageous prices an I talked it over with Ghosty an now our late fees is daily an not hourly so the new thugs trying to build up,,this should help them out an if they go over a day it should set them at 10 units by then an after a good sale it put them over 20k,,so for now on it's not a hourly rate

I've lost all faith already, to little to late soul catcher.

"I understand but I mean one customer dropping doesn't really evolve around our whole business so I mean I understand your not interested in our business but others could be"

You are a business man you should care about even one dropping, i drop i tell my best friend he drops, he tells his mistress she drops she has 20 customers per hour, she tells everyone of them, they tell each one of their friends and so on and so on, by the end of the business week you've lost 900,000,000 customers.

Think big picture SoulCatcher, you need people like me, so how will you win me back.

"I actually like your cause about everything an you is right about many will start dropiing but i never tie my business in with personal matters so i can say the way i can win a customer back is by setting a business plan that meets everyone requirements,,your first agurement was about how our outrageous late fee was an that was out the hand but now with a daily rate it gives everyone an oppurtunity to gain instead of us cheating people out of their money now with this new plan in state,,that would be 100k plus interest so we are looking at 120k an by that whole day of you having that 100k it only take a couple of drug runs to get to about 10-13 units in your first day of playing so if you do go over an be late then by that nxt day after selling an getting your units up it wouldnt be a problem to pay it back because its 20k daily now:"

Enough of the nasty words at these young lads. They are trying to extort some money from you all. Is that not what they are here to do? Unfortunately they have been found out. Bad for them and bad for those you will bad mouth to about them.

What I suggest people look at is the fact they have taken on board your comments, although nasty they were, and changed the way they work. They have listened to their customers and changed things accordingly. I'd say the bastards deserve a pat on the back for that.

As for me needing money. No ta. But if I ever see some of the girls from Manchester i'll send em your way. You seem quite reasonable now you have a grasp on things. The only thing i'd be wary of now lads is the loan suiciders. They are a real bastard to catch. They are brown bread before they have even hit the town. Moneys not on the corpse though. Strange that.

"Thanks an atleast someone acknowledges our work an i mean when it comes to business like i always say sometimes you have to change things for the best so i mean everybody was creating a ruckus about the outrageous late fee so i took senses an had talked it over with Ghosty an we had both decided to change it due to business matters an see thats goin to be a hard one because someone can take money then send it off then suicide but with us we goin to have to take a chance with some people because not all are that gready so we just goin to have to pick an choose who we lend out our business to"

Cherokee applauds

I congratulate you for looking at the needs of potential customers and adjusting your business model. 20k per day does seem much more reasonable, but the only problem I see remaining is that of a low level loan. With a loan of 25k you're almost doubling the loan with just the late fee. Other than that I do have one more question. How do you as a gangster and thug plan on enforcing payment?

"As a team we will put together a contract that the interested customer would sign an after they sign it we will run it through their Boss just to verify everything an we will pick an choose because some are suicidal an just acept loans an suicide so we have to watch out for them but other then that we will put together a contract an let the customer sign off"

Walking forward an stepping on a wood black

"Due to my partner death i will be taking over the loaning business,like i said before i dont tie personal matters in with my business an this is the mafia so i have to tswallow the nails an manage this alone an i mean running a business alone can be tiring but i am up for the challenge so if anyone is interested for a loan just message me with the subject Loan an the same inquiries will apply"