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Need a 500m Loan

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Pragda
24th Imperial Crusade
Amarr Empire
#1 - 2013-10-22 21:44:33 UTC
Hey, I currently am looking for a small loan to buy a Tengu. This loan would go for a month, and would have no collateral. How much interest should I give for it?

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Silvetica Dian
Imperial Shipment
Amarr Empire
#2 - 2013-10-22 21:53:36 UTC
might as well offer 10000000000% for all the interest you are likely to attract with that OP.
shoot me if i am wrong what do i know

Money at its root is a form of rationing. When the richest 85 people have as much wealth as the poorest 3.5 billion (50% of humanity) it is clear where the source of poverty is. http://www.theguardian.com/commentisfree/2014/jan/20/trickle-down-economics-broken-promise-richest-85
Pragda
24th Imperial Crusade
Amarr Empire
#3 - 2013-10-22 22:02:40 UTC
Okay, I want to use it in null with the corp I plan on joining. I'll be running Guristas anomalies for ISK. What other information would you like?

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Elizabeth Norn
Nornir Research
Nornir Empire
#4 - 2013-10-22 22:45:20 UTC
How do we know you can fly a Tengu, how do we know you're really joining a corp, how do we know our investment will be safe, and you will pay us back?

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Death ToU
Brutor Tribe
Minmatar Republic
#5 - 2013-10-22 23:04:25 UTC
Just fly a drake, then buy your own tengu. Isn't worth the hassle coming in here dude. They'll be asking you to be audited next.
Nanatoa
#6 - 2013-10-22 23:30:36 UTC
So you had 5B to buy this character, but not 500M to buy a ship?

Should've spent your money more wisely then...

"Stay the course, we have done this many times before." - (CCP) Hilmar, June 2011
Pragda
24th Imperial Crusade
Amarr Empire
#7 - 2013-10-22 23:49:49 UTC
Elizabeth Norn wrote:
How do we know you can fly a Tengu, how do we know you're really joining a corp, how do we know our investment will be safe, and you will pay us back?


I can give you my eveboard: http://eveboard.com/pilot/Pragda

I can ask again when I'm in the corp then? Investment being safe is always an issue as this is my first loan request, and I will pay you back by running anomalies in Null space. Interest payment will be every week and on the last week the 500m will also be payed back.

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Pragda
24th Imperial Crusade
Amarr Empire
#8 - 2013-10-23 00:20:12 UTC
I would come up with something original if I was trying to scam people. I would like a loan to buy a Tengu now that I have my tengu char

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Gihl Steghern
Science and Trade Institute
Caldari State
#9 - 2013-10-23 03:07:28 UTC
You've been a good sport so I'm not going to give you a hard time, Dimitrix, but I am very curious: you were originally offering 6 billion for a HAM Tengu pilot and ended up buying one for 5 billion so don't you have 1 billion left over to purchase your new Tengu?

I am considering helping you out since you showed some level of commitment by actually purchasing a character but I'm also concerned that your plan has shifted from incursions with a corp that has a SRP to running nullsec anoms with your new corp.

What is your plan for repayment in the event that your ship gets blown up?
Pragda
24th Imperial Crusade
Amarr Empire
#10 - 2013-10-23 12:06:22 UTC
Gihl Steghern wrote:
You've been a good sport so I'm not going to give you a hard time, Dimitrix, but I am very curious: you were originally offering 6 billion for a HAM Tengu pilot and ended up buying one for 5 billion so don't you have 1 billion left over to purchase your new Tengu?

I am considering helping you out since you showed some level of commitment by actually purchasing a character but I'm also concerned that your plan has shifted from incursions with a corp that has a SRP to running nullsec anoms with your new corp.

What is your plan for repayment in the event that your ship gets blown up?


I only had 5.6 bil when I bought the Pilot. I have already bought 1 Tengu and the 500m is for buying a second. One Tengu will stay in high sec for incursions with the incursion group WTM which offers a SRP. The second Tengu will be for null anom running. This is to cover any potential nullsec loss and allow me to return to high sec temporarily to get the isk from incursions if needed.

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Nanatoa
#11 - 2013-10-23 12:27:02 UTC
Why is your own Tengu staying in high sec while the one funded by an investor will go to null sec?
And, why for heaven's sake don't you run a couple of incursions with the Tengu you have and then buy another Tengu with your own, well-earned money?

"Stay the course, we have done this many times before." - (CCP) Hilmar, June 2011
Pragda
24th Imperial Crusade
Amarr Empire
#12 - 2013-10-23 12:34:32 UTC
Nanatoa wrote:
Why is your own Tengu staying in high sec while the one funded by an investor will go to null sec?
And, why for heaven's sake don't you run a couple of incursions with the Tengu you have and then buy another Tengu with your own, well-earned money?


1. Why is your own Tengu staying in high sec while the one funded by an investor will go to null sec?

What determines "my tengu" and "investor tengu"? They're both worth the same, other than the null will be fitted slightly different than the incursion Tengu.

2. And, why for heaven's sake don't you run a couple of incursions with the Tengu you have and then buy another Tengu with your own, well-earned money?

And because I would prefer to make the isk in null sec, the incursions are just a back up that I know will work if needed. If you do not want to fill the loan, that is ok. But please don't say don't ask for the loan, because any person who has asked for a loan before could earn the isk needed themselves, but they just don't want to wait that long.

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Nanatoa
#13 - 2013-10-23 14:34:03 UTC
Pragda wrote:
[the incursions are just a back up that I know will work if needed


If you know they'll work, better start doing them because - SPOILER ALERT - this loan is not going to happen - END SPOILER ALERT.

"Stay the course, we have done this many times before." - (CCP) Hilmar, June 2011
ISD Ezwal
ISD Community Communications Liaisons
ISD Alliance
#14 - 2013-10-23 22:16:30 UTC
I have removed some rule breaking posts and those quoting them. As always I let some edge cases stay.
Please people, keep it on topic and above all civil!

The rules:
2. Be respectful toward others at all times.

The purpose of the EVE Online forums is to provide a platform for exchange of ideas, and a venue for the discussion of EVE Online. Occasionally there will be conflicts that arise when people voice opinions. Forum users are expected to be courteous when disagreeing with others.

4. Personal attacks are prohibited.

Commonly known as flaming, personal attacks are posts that are designed to personally berate or insult another forum user. Posts of this nature are not beneficial to the community spirit that CCP promote and as such they will not be tolerated.

5. Trolling is prohibited.

Trolling is a defined as a post that is deliberately designed for the purpose of angering and insulting other players in an attempt to incite retaliation or an emotional response. Posts of this nature are disruptive, often abusive and do not contribute to the sense of community that CCP promote.

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Gihl Steghern
Science and Trade Institute
Caldari State
#15 - 2013-10-24 17:21:27 UTC
Pragda reached out to me in-game and volunteered a full account API for review. While this of course only reflects the activities on a single account, when I take this into consideration combined with commitment (character purchase), improved attitude and persistence, I am going to go out on a limb and offer a loan. Worst case I'm out half a billion ISK and Dimitrix has publicly solidified his reputation.

Pragda, I am prepared to offer you a loan of 500 million ISK on the following terms:


  • The amount to be borrowed is 500,000,000 ISK
  • I will charge a flat interest rate of 21.7% on the principal amount
  • The total amount of repayment including principal and interest will be 608,328,000 ISK
  • This loan will be repaid in four equal installments of 152,082,000 ISK per week
  • Payment #1 in the amount of 152,082,000 ISK is due by the end of November 1, 2013
  • Payment #2 in the amount of 152,082,000 ISK is due by the end of November 8, 2013
  • Payment #3 in the amount of 152,082,000 ISK is due by the end of November 15, 2013
  • Payment #4 in the amount of 152,082,000 ISK is due by the end of November 22, 2013
  • You will post on this thread to indicate when each payment has been made and I will confirm receipt of each payment
  • After all above payments are received this loan will be considered to have been paid in full and I will report such on this thread


These terms may seem slightly aggressive but I think they're fair considering your current position. I have no recourse in the case of default other than to confirm what the rest of MD is thinking right now and endure their criticism. I sincerely hope that this works out satisfactorily for both of us.

If these terms will work for you and you are confident that this is what you want to do, I will transfer the ISK today.
Pragda
24th Imperial Crusade
Amarr Empire
#16 - 2013-10-24 17:45:35 UTC
Gihl Steghern wrote:
Pragda reached out to me in-game and volunteered a full account API for review. While this of course only reflects the activities on a single account, when I take this into consideration combined with commitment (character purchase), improved attitude and persistence, I am going to go out on a limb and offer a loan. Worst case I'm out half a billion ISK and Dimitrix has publicly solidified his reputation.

Pragda, I am prepared to offer you a loan of 500 million ISK on the following terms:


  • The amount to be borrowed is 500,000,000 ISK
  • I will charge a flat interest rate of 21.7% on the principal amount
  • The total amount of repayment including principal and interest will be 608,328,000 ISK
  • This loan will be repaid in four equal installments of 152,082,000 ISK per week
  • Payment #1 in the amount of 152,082,000 ISK is due by the end of November 1, 2013
  • Payment #2 in the amount of 152,082,000 ISK is due by the end of November 8, 2013
  • Payment #3 in the amount of 152,082,000 ISK is due by the end of November 15, 2013
  • Payment #4 in the amount of 152,082,000 ISK is due by the end of November 22, 2013
  • You will post on this thread to indicate when each payment has been made and I will confirm receipt of each payment
  • After all above payments are received this loan will be considered to have been paid in full and I will report such on this thread


These terms may seem slightly aggressive but I think they're fair considering your current position. I have no recourse in the case of default other than to confirm what the rest of MD is thinking right now and endure their criticism. I sincerely hope that this works out satisfactorily for both of us.

If these terms will work for you and you are confident that this is what you want to do, I will transfer the ISK today.


Thank you very much. These terms work out for me considering my position. I will not be in game for a few more hours (probably 6). I assume if It will be okay to pay back the loan earlier if I make two payments back in a week?

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Gihl Steghern
Science and Trade Institute
Caldari State
#17 - 2013-10-24 18:50:09 UTC
That would be correct: early payment is always welcome. There would however be no resulting recalculation of interest since this is a flat rate loan.

If everything is acceptable including this stipulation, please let me know and I will plan to transfer the ISK within the next few hours.
Pragda
24th Imperial Crusade
Amarr Empire
#18 - 2013-10-24 18:53:58 UTC
Yes this is acceptable

[u][b]Buddy Invite Program: 21 Day Trial + 450m ISK + Lifelong Advice: https://forums.eveonline.com/default.aspx?g=posts&m=3815770#post3815770[/b][/u]
Elizabeth Norn
Nornir Research
Nornir Empire
#19 - 2013-10-24 21:43:54 UTC  |  Edited by: Elizabeth Norn
I hope losing ISK is fun for you Gihl, because going by the OP's track record (rather that of his 3 other characters he has either attempted to scam with or procure a loan on this forum) you won't be getting any money back.

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Nanatoa
#20 - 2013-10-24 22:04:51 UTC
People like Gihl are why people like Dimitrix keep trying. Posting is free and eventually, someone will take the bait.

To discourage this kind of behaviour, I have placed a 500M bounty on Gihl Steghern.

"Stay the course, we have done this many times before." - (CCP) Hilmar, June 2011
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