Loan Shark Insurance

Hey I think its kinda worthless to have insurance on loanshark loan becuase, you only get paid like 70 points a week, so say you got a 5k loan on default, getting paid 70+ points every 7 days will take like a year to completey get paid back thats dumb lol....plus all the fee we pay the 1% now it basically evens out, I think instead of you paying us points back from insurance we get carbon freeroll coupons and insurance....its almost not even worht loaning, its pointless....

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Originally Posted by TrueOC

Hey I think its kinda worthless to have insurance on loanshark loan becuase, you only get paid like 70 points a week, so say you got a 5k loan on default, getting paid 70+ points every 7 days will take like a year to completey get paid back thats dumb lol....plus all the fee we pay the 1% now it basically evens out, I think instead of you paying us points back from insurance we get carbon freeroll coupons and insurance....its almost not even worht loaning, its pointless....

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good point

Quote:

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Originally Posted by TrueOC

Hey I think its kinda worthless to have insurance on loanshark loan becuase, you only get paid like 70 points a week, so say you got a 5k loan on default, getting paid 70+ points every 7 days will take like a year to completey get paid back thats dumb lol....plus all the fee we pay the 1% now it basically evens out, I think instead of you paying us points back from insurance we get carbon freeroll coupons and insurance....its almost not even worht loaning, its pointless....

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Better than no insurance.

Quote:

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Originally Posted by TrueOC

Hey I think its kinda worthless to have insurance on loanshark loan becuase, you only get paid like 70 points a week, so say you got a 5k loan on default, getting paid 70+ points every 7 days will take like a year to completey get paid back thats dumb lol....plus all the fee we pay the 1% now it basically evens out, I think instead of you paying us points back from insurance we get carbon freeroll coupons and insurance....its almost not even worht loaning, its pointless....

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Uh what? 5000 loan you get 20% of that which is 1000 points. Where do you get 70 points every 7 days?

If the total amount drops down to like 100-400 usually I pay 100% depending on how many points are in the bank