Lowering Loan Shark

[Zab]

I think we need to lower the loan shark back down to max 2000 or 1000 points.

These 5000 point loans has 2 problems.

#1 people get in WAY over their heads
#2 the insurance on those can be brutal to pay back (Don't want to bankrupt the insurance company!)

[Poof]

Sounds good Zab, it seems as if the debt is getting out of control.

[NascarFanSS]

I think since new members are more likely to use the Shark this is a great idea. Where as established members with trusted friends may have other means of borrowing, trading or loaning out points that exceed 1k or 2k anyway. Why give people an excuse to go into a debt so huge that they either just leave the site or make a new account? Good thinking Zab .. pull that trigger.lol

[Zab]

ya there's really no reason to get a 5000 point loan. That's just to much. I am thinking 1000 max

[Daytradin]

Sounds good Zab, it seems as if the debt is getting out of control.

Isn't that the American way?

[trubton444]

gotta do it, too many degenerates on the site

[Zab]

Isn't that the American way?

Ya but I am not Fanny & Freddie!

[Poof]

ya there's really no reason to get a 5000 point loan. That's just to much. I am thinking 1000 max

Alot are probably going to complain about that, but imo no one needs more than 1k for a loan. If it is to gamble it in client, then they should wait to do it with their own funds anyway, I think that is where alot of these loans are snowballing out of control.

[MIGO14]

Well, why don´t go back to 2000 as it was ?

[ssuglia]

I've never seen the point of a 5k loan (or any loan for more than a full day's worth of tournaments - 600 points). So I think lowering the max back down to 1k is a good idea.