<pokeyourface> so zab gets dbl paid off of debts? wow nice 1 shark zab

[YouWereDOA]

Can someone translate this for me, my IQ has dropped 27 points tonight

I honestly wonder if your IQ was EVER above 27 right meow.

[PokeYourFace]

1 point collected for insurance
1 point paid out for insurance
1 point paid back from the original defaulter

leaves zab +1.

I dont fault zab for doing it, its a good plan. but its dbl payment, and is not truly how insurance works

[Sharking]

I cant believe I read this whole thread. I like the insurance because it offers protection for lending and encourages p2p loans here. Zab has said a million times that he is not getting double paid, all the points go into one pool used to pay off defaults.

[Poof]

I honestly wonder if your IQ was EVER above 27 right meow.

He will prove it is if he bans you.

[Zab]

1 point collected for insurance
1 point paid out for insurance
1 point paid back from the original defaulter

leaves zab +1.

I dont fault zab for doing it, its a good plan. but its dbl payment, and is not truly how insurance works

Insurance Bank 1
Insurance Paid -1
Insurance Paid - Paid Back 1
Insurance Balance 0


I would agree with you, but then we'd both be wrong

[Prawney]

i could be wrong lol

[MichMan]

maybe the initial thread should of looked like this so as not to confuse the people overreacting to something they dont really understand.

Insurance Bank 337260 (fees 240255 + Insurance Paid Back 97005)
Insurance Paid -311987
Insurance Balance 25273

Makes sense to me. Nothing unfair or questionable. And Id like to add, I said this less than a month after being here, ZAB YOU DESERVE A VACATION!!!

[PokeYourFace]

1 point collected for insurance
1 point paid out for insurance
1 point paid back from the original defaulter

leaves zab +1.

I dont fault zab for doing it, its a good plan. but its dbl payment, and is not truly how insurance works

for every1 that cant add. zab was up 2 (off of only 1 point of debt) and paid out 1 leaving him with 1.... DBL PAY!

[Zab]

MichMan summed it up, but again (For you slow folks out there)

Insurance Bank 337260 (This is all points total fees + insurance paid back)
Insurance Paid -311987
Insurance Paid - Paid Back 97005 (THIS LINE IF FOR INFORMATIONAL PURPOSES ONLY, I have stuff like this all over the back end)
Insurance Balance 25273

[Sharking]

Insurance Bank 337260 (fees 240255 + Insurance Paid Back 97005)
Insurance Paid -311987
Insurance Balance 25273

Amazing. Exactly this. Thank you michman for making it as clear as possible.