One of the things that really bugs me is people getting screwed in the Loan Shark (And Marketplace).
Here's my thought..
I want to build up an insurance program. Every transfer \ loan \ marketplace I will deduct 1-2% which will go in an 'insurance bank'.
If someone defaults on a loan, you can request "INSURANCE".
I will then take a look at who you insured and make sure nothing shady is going on. 1 of 3 things will happen at that point:
- I will approve your insurance request and you will receive 10-15% of the points owed to you ONCE per week
- I will approve your entire claim (This would usually happen if you are owed like 45 points or something and 10-15% doesn't make sense)
- I will deny your request for this week because I think it was a bad loan to make (New person, Multi Accounter, or I think there's some shady stuff going on) or there isn't enough points in the Insurance Pot to cover you.
The idea is you get to try making a claim only once per week, so EVENTUALLY you would get your points back.
You can only get insurance on the principle, not interest or 10% bonus on default.
You can only make a request once per week.
If your loan gets paid off while you were gone or WHATEVER, you still cannot request a loan until you REPAY the any insurance paid + any principle remaining + interest + default.
Thoughts?
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Thread: PokerOwned Insurance
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11-05-2011, 10:27 AM #1
PokerOwned 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