Re: Loan Payment Schedule Advice -- Easier Sim Living

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2], 3, 4 ]

Subject: Re: Loan Payment Schedule Advice

Author:
M. Pierce

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 06:55:13 01/16/06 Mon
In reply to: Boteph Loveless, Simmerville 's message, "Re: Loan Payment Schedule Advice" on 06:24:28 01/16/06 Mon

>Isn't 25% interest rather heavy? We have discussed
>raising the interest from 2% to 10%, but I thought 10%
>would be max. In Simmerville most loan holders are
>poor families.

O! Sorry, 25% refers to the amount of loan to be repaid. It should read like this:

5% interest and origination fee
25% of loan repaid each simweek (simday:sunday-simday:saturday)

We haven't thought about renewing the loan-but I suppose we could charge a fee for that as well if the loan isn't paid back within four simweeks.

[ Next Thread | Previous Thread | Next Message | Previous Message ]