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  1. #1
    PokerOwned God
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    Loan insurance- 1% taken from each trade to low?

    I've noticed that if you loan someone and they default to you it takes a long time to be fully paid back by loan insurance. This is why I am asking if maybe we should raise the deduction of any loan in the shark or any marketplace trade to 2% instead of 1%.
    I know people who just make marketplace trades will not like this but people who loan will cut their loan insurance payback time in HALF!!!
    Last edited by Rcktwrangler; 04-02-2012 at 05:13 PM.

    #NiggasInParis

  2. #2
    PokerOwned Master jbetta01's Avatar
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    seems like a great idea to me .anything to get our points back faster is worth it
    poker terminology-
    Drawing Dead: If you call and hit your one outer.... I will kill you..!

  3. #3
    PokerOwned God rrickir's Avatar
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    i sayy no on thiss,, and if u have too many loans u need to collect insurance on, then u loaning to the worng poeple too. at least thats what zab told me a w hile bac k too. he said be selective on the amount and the people u try to loan,, and u wont need so much insurance tho,, to rely on that.)

  4. #4
    Zab
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    well the insurance is there to make sure you DO get paid back in full but not bankrupt the insurance bank at the same time.

    What I have been seeing latley is people making bad loans. LARGE loans to newer members then instantly asking for insurance.
    "And Shepherds we shall be. For thee, my Lord, for thee.
    Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
    So we shall flow a river forth to Thee And teeming with souls shall it ever be.
    In Nomeni Patri Et Fili Spiritus Sancti."
    http://www.youtube.com/watch?v=7_AtUXdXA_s

  5. #5
    PokerOwned God Drywallman3's Avatar
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    Quote Originally Posted by Zab View Post
    well the insurance is there to make sure you DO get paid back in full but not bankrupt the insurance bank at the same time.

    What I have been seeing latley is people making bad loans. LARGE loans to newer members then instantly asking for insurance.
    I have noticed that new accounts are popping up and old members are loaning because they know the player, and when the new accounter defaults hit the switch.

    20:58 <Poof> I would trade my husband for gisele
    18:37 <thepokerkid> @thepokerkid: and stop thinking about gay things

  6. #6
    PokerOwned God rrickir's Avatar
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    thats what i just said too zab. casue u wa rned me of this before tooo thoo

  7. #7
    Zab
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    Yes, I wont insure bad loans. Thats right there in the insurance faq
    "And Shepherds we shall be. For thee, my Lord, for thee.
    Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
    So we shall flow a river forth to Thee And teeming with souls shall it ever be.
    In Nomeni Patri Et Fili Spiritus Sancti."
    http://www.youtube.com/watch?v=7_AtUXdXA_s

  8. #8
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    So should we just use debt collector button or apply for insurance?

  9. #9
    PokerOwned God Drywallman3's Avatar
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    Quote Originally Posted by boog29 View Post
    So should we just use debt collector button or apply for insurance?
    prolly depends on who you loaned too, but if you loan to a player who has good rating then wait. If he default and you know they have good ratings wait it out and they have to pay the fee

    20:58 <Poof> I would trade my husband for gisele
    18:37 <thepokerkid> @thepokerkid: and stop thinking about gay things

  10. #10
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    Quote Originally Posted by Zab View Post
    well the insurance is there to make sure you DO get paid back in full but not bankrupt the insurance bank at the same time.
    I realize that , that's why I suggested you change it to 2% so you can pay out a little bigger amounts at a time to make the payback process faster. I have not made any bad loans to new members.

    #NiggasInParis

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