Market Discussions

Does the collateral cover the whole 2,5b?

Collateral does not cover the whole 2.5b. It is a Navy issue Raven that my girlfriend bought as a present, so there is sentimental value there too. It probably doesn't matter that much to you.

don't be stupid - if you were to get a loan you would have to earn the money to repay it somehow...

I don't think you are out to scam - my impression is that your posting history shows a pretty consistent personality, your employment history looks ok and your character is on eveboard for some reason and definitely no throwaway alt.

What I don't like about your loan request is:

- you don't tell us how you would earn back the principal+interest or in what timeframe you would repay the loan.

- you have to earn back the principal: a station trader can just liquidate stocks to repay the loan if his profits are not sufficient to cover the interest and the loan amount (and it might still have been a very profitable deal for him) - you are going to burn ~1b of the 2.5b for the character transfer fee right away and are probably not going to sell the character anyways.

- good loans are investments, not consumption loans. I'd be much more comfortable loaning someone ISK for an endeavour that increases his ability to generate income than for pure consumption. A leadership character would boost your income only marginally.

- you have been looking for a cheap leadership character for quite a few days now - without having any financing secured? that's a little weird.

In general I think you'd be better served to ask friends/corpmates who have known you for some time instead of random strangers for that sort of loan.

edit:
Let's say PvE in your Tengu earns you 40m/h and you pay the loan back after 2 months (or 1 month) with a 10%/month interest rate. That would make a total of 3b ISK (2.75b ISK) or 75 hours of ratting (69h if you repay after one month).
If you rat 3h/day, that would be 25 days (23 days) of the 61 days (30 days) just for loan service.

I'll fill the remaining 1.3b with the CNR as collateral for an interest rate of 6%/month.

Interest is to be paid at the end of each month (i.e. June 26th, July 26th, ...).
If you pay back during the month you'll have to include interest for the whole month (e.g. if you pay the loan back on June 30th you would have to include full interest for July).
How long we keep the loan running is up to you.

If you are ok with these terms please contract me the CNR for 1.3b.

(edit: no Setrak, you can't have 1.3b, too.)

collateral contract accepted/ISK sent

I still have not received the July interest payment.

My last communications with Tricky Dutch / Proxy of Sin was on August 2nd in which he promised payment by August 5th.

While I don't believe that Tricky Dutch is acting purposefully maliciously, he does obviously not take his financial commitments seriously enough (already had to chase after the June interest payment) and I strongly advise to stay away from any business dealings with him.

That statement would have been fitting in the OP :)

I don't mean to imply that "it's just a game, I owe him nothing". But I made the decision that finishing flight school > time in-game. Also, a wedding.

the situation mentioned above has been resolved, interest payments are back on track.

It was quite the gift, but my sec-status precludes me from using it for MWing, and I wouldn't dare use it in Low / Null.