If someone is in Default on the Loan Shark, they shouldn't be able to buy tournament or get redeems. I realized that could be one thing people can do to avoid paying their debt.
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If someone is in Default on the Loan Shark, they shouldn't be able to buy tournament or get redeems. I realized that could be one thing people can do to avoid paying their debt.
People in default pay extra for coupons, which goes towards the debt that they owe.Quote:
Originally Posted by rghy2
If they were banned from playing, they would be more likely to create new accounts and avoid their debt altogether.
Problem solved thread closedQuote:
Originally Posted by ssuglia
That's good to know and makes alot of sense. Will the extra points they pay also go to pay back what insurance has already paid out?Quote:
Originally Posted by ssuglia
lol
not sure how loan shark works - can someone please explain?
I believe the FAQ will answer most if not all of your questions........Quote:
Originally Posted by backbayboston
http://www.pokerowned.com/forums/f11...hark-5769.html
Or how about 1 or 2 points is taken for every point earned through posting and stuff to pay back the loan.
If they earn points you can just go to loan shark and basically take it out their account yourself, up to however many points they owe, I believe thats how it works.Quote:
Originally Posted by WILD
Quote:
Originally Posted by WILD
Yes, that is essentially what debt collecting is. You can take any points the defaulter does have in their account at any time, until the debt is repaid.Quote:
Originally Posted by LCDaBoss
well this is good to no to bad people cant be honest lmao
lol I didn't realize you can debt collect like that. Might start loaning a little more now.
Then again I never been in default with anyone, or had anyone default on me for that matter.
Actually, it didn't answer ANY of my questions, that's why I posted it here.Quote:
Originally Posted by TONelson
hmm that is great idea tho love it
I think that is a bad idea. I think 50 % of all points earnt (from surveys and offers) above 100 points and what ever gets withdrawn from client should be given straight to the person they owe until the debt is paid. As well as that 20% of everything else that includes lottery winnings, all winnings from promotions (llb bets,donkey bets excetra) and posts and 20 percent of surveys and offers below 100 points.
That way people feel that staying on the site to earn points to pay back debts is much more worth while. Also there should be a 1 strike policy. which means if you default a loan you cant take out another loan for however long you was in default for from the time the loan is paid back as a consequence. for example if you have been in default for a month you cant take a loan out for a month from the time you have paid back the points. however if you have been in default by mistake and you have only been in default for a day you only have to wait for a day. this means the punishment depends on the amount of time you been in default for.
So basically what this all means is that yes you could not ever pay it back and let it all come out promotions and everything and be done automatically. However what it means is you wont be able to have a loan for a much longer period and your more likely to get negative feed back. so it means whoever lent the points is much more likely to get there points back and a lot faster to than what we currently may have to wait for.
How is anything you said different from what we already have? If someone get any points in anyway you can just go to debt collector and take the points from their account that they owe you. On your own without their permission needed. The only thing you said that I like is that they will have to wait however many days they were in default to take out another loan.Quote:
Originally Posted by bbno3
I never used Loanshark before....:D .... hope never need ....
9/10 people dont have the points to debt from them....but i see what ur saying....
its difference because they have client and all the promotions available still so they are more likely to want to earn points and in the proses percentage of the points has to come from evreythingQuote:
Originally Posted by LCDaBoss
The difference is that if someone earns points, instead of keeping them in their account, they could just turn around and buy tourney coupons, raffle tickets, or stick it in the client so that they are actively keeping them in a place where debt collector can't seize the points.Quote:
Originally Posted by LCDaBoss
i think this idea wouldnt change anything
I think you have to allow them to actually do some stuff for points or how are they gonna pay back in the first place? More loans?
giving out a loan to someone is one of the shadiest thing that i have heard about.
i agree that you should pay your debts but idk about not allowing them to buy coupons because people would prob just quit the site...