Controversial Loan Idea

[Kuiper7986]

Okay this is a very etchy idea that\'s going to cause a lot of controversy whether it should be allowed.

Okay, the idea is that you have to submit an online loan form to a Gamemaster that is online and he/she will approve that loan. Then banks in Yliakum can give you out loans. Like lets say you needed 47,000 tria for Top-Grade Pteosaur. The bank can loan it to you but only if you can pay them back. Too prevent people from taking money, you first off have to own some property no matter what for collateral. And you need to have at least a certain amount of tria in your account at all times. Also the bank can take your Pteosaur as collateral if you don\'t pay the bank back.

You could also get loans for houses.  Except the collateral is way higher and the punishment will be like closure of your house, closure of your bank account for a certain period of time, you can\'t ask for loans anymore.

[Icefalcon]

Sounds like a good concept to me. It needs some work of course. If you fail to pay your loan, you also should not be able to store any items until you pay your loan off (assuming you will be able to store items as well as money in a bank account).

I don\'t like the idea of never being able to take loans again though. Perhaps for a certain amount of time, depending on the loan size.

[dfryer]

This could be done with player-run institutions using a signable-contract mechanism.  The contract could be used as a note indicating how much was borrowed, interest rates, etc.  

Another avenue for loan possibilities is within a guild that you belong to.  Moneylending can be an effective way of building up wealth (e.g. outfitting adventurers for a treasure-seeking expedition, or a large trade caravan)

[Kuiper7986]

obviously guild loans are going to be much larger like in the hundreds of thousands or maybe even millions of tria. So guild loans require much larger penalties like I don\'t know someone will think of some.

EDIT: We\'ll maybe not \"not get a loan forever,\" but for a really long time.

[Sifright]

Do you know how much a million tria is?
acording to the settings page 350 tria is a months work for a farmer A MONTH! there wont be loans because it can be abused to easily oh look take out loan give to freind give deed of house to freind. create new character get money and deed from freind oh look at that how ever much trias loaned now his for free

[FlippySeal]

clever idea... needs some tweaking though though, i think of more than one way to get extra $$ that way!