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  1. #1
    Elite PokerOwned Member GottImHimmel's Avatar
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    Question Loansharking and offering a fair interest rate

    What would be a fair interest for a loan of 2000 points with 4 days to repay?

    I don't really know the forum's standards, I don't want to be exorbitant and on the flip-side I want it to be a fair deal for me.

    So, say 400 points? That's 20% interest, am I in the right ballpark?

  2. #2
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    Normally you see ppl do 100 per day.. but i like to just do 10% that way its not to ridiculous.

  3. #3
    Elite PokerOwned Member GottImHimmel's Avatar
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    So I ended up doing 2,000 point loan, 400 points interest, 3 days to repay, sounds fair to me.

  4. #4
    PokerOwned God rrickir's Avatar
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    that seems a little high to me, but dont ask me i loan only rarely and to poeople i know,, so usually i d do a little less is all, but sounds goood gl

  5. #5
    Elite PokerOwned Member GottImHimmel's Avatar
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    I think you are right rick, sad thing is though most of the sharks are high rollers here with plenty to spare, myself on the other hand, I'm just a low-baller, have to make good money on my investments.

  6. #6
    PokerOwned Demi-God
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    I would say that's a good deal for 2000 points.

  7. #7
    Elite PokerOwned Member GottImHimmel's Avatar
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    Well thanks for your input Mr.Don, love that name too, reminds me of the Godfather.

  8. #8
    PokerOwned God
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    Depends on who is asking for the loan and the period to pay back. But 300 to 400 points of interest is okay I think for 3 to 4 days repay period

  9. #9
    PokerOwned Admin Poof's Avatar
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    That sounds fair to me, I am not an expert at it either, but I do know that the interest for alot that regularly loan is based on the amount as well as how many days to repay.

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