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Collateral Question
Author
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Xclusive
Caldari Provisions
Caldari State
#1 - 2013-03-24 04:27:31 UTC
Can chars be used as collateral for isk loans?
Kara Books
Deal with IT.
#2 - 2013-03-24 04:35:51 UTC
Its going to be very costly for the person taking the loan.

You would have to transfer your character, which costs 2 PLEX
then the loaner needs to transfer the character back, which is another 2 PLEX

4 PLEX plus % (usually 5% of the loan) is going to be the outcome.
Xclusive
Caldari Provisions
Caldari State
#3 - 2013-03-24 04:43:48 UTC
so it is legal? Couldn't like a written agreement to trade the toon over after a period of time be enforceable by ccp?
RubyPorto
RubysRhymes
#4 - 2013-03-24 05:26:39 UTC
Xclusive wrote:
so it is legal? Couldn't like a written agreement to trade the toon over after a period of time be enforceable by ccp?


No. You'd have to give them the character.

Read the Character Bazaar rules.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Thur Barbek
Republic University
Minmatar Republic
#5 - 2013-03-24 05:26:56 UTC
I would avoid using characters as collateral. But yes, its technically possible. No ccp won't help you if person decides to keep the character after you trade him.
Otti Ottig
Hesso Business
#6 - 2013-03-24 11:00:08 UTC
Thur Barbek wrote:
No ccp won't help you if person decides to keep the character after you trade him.


not sure about this.Roll

pretty sure no legit third party would touch something like a charackter-collateral, so it doesnt matter if its legit or not.
Alex Grison
Grison Universal
#7 - 2013-03-24 16:00:52 UTC
Xclusive wrote:
Can chars be used as collateral for isk loans?


I am pretty sure that CCP would treat it as one transaction.

So if you exchanged a character for money. The other person would not have to give it back.

I am 99% sure that CCP would not look at or care about your agreement with the other player

yes
Alternate Poster
Zerious Fricken Biziness
#8 - 2013-03-25 13:08:16 UTC
WTF?
Is this just a troll for drunks like me?
When did character transfers start costing PLEX?
Grendell
Technologies Unlimited
#9 - 2013-03-25 14:11:55 UTC  |  Edited by: Grendell
There is nothing in the EULA against using characters as collateral. I've researched this extensively about a year ago. I've had a few loans that used characters as collateral. While it is an option, it tends to be an expensive option because of the associated transfer fees.


But you can't involve CPP, you have to trust the party holding the character to give it back at the end of the term. For all intensive purposes the character is the property of the collateral holder the second it is transferred over.

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Angelique Duchemin
Team Evil
#10 - 2013-03-25 16:56:44 UTC
It would have to be a surprisingly large loan to warrant 2 billion in pure paperwork outside of all the regular work. 2 Bill is easily the full return on a well collaterized 100 bill loan.

The very sun of heaven seemed distorted when viewed through the polarising miasma welling out from this sea-soaked perversion, and twisted menace and suspense lurked leeringly in those crazily elusive angles of carven rock where a second glance shewed concavity after the first shewed convexity.

Phext
SIGBUS
#11 - 2013-03-25 17:10:03 UTC
Alternate Poster wrote:
WTF?
Is this just a troll for drunks like me?
When did character transfers start costing PLEX?


You _may_ pay with plex: http://support.eveonline.com/pages/kb/article.aspx?id=433

:wq!