Idea wrote:Hey mark
Nothing to report

Works as it should.
When can we expect the final piece of the puzzle(loans)?
Thanks Idea for that brief and to the point report.

Improvements? Changes? Likes? Dislikes? Ease of use? Interest to high / low? .......
I've been a busy little beaver working on the loans. It's coming along but it will be a little while yet before you get to try and rip the bank off
I suppose you would like some info on it so far?
Of course you do, don't you!
* Done and working
* Being done and somewhat working
* Yeah i'm getting to it!
Where do i start as a bank customer?
- You will have a credit rating of 0 to 15 (0 BAD, 15 GOOD)
*
- You will start with a credit rating of 5 (i don't know if your a good risk or not, YET

)
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- Get loan and pay it back on time (not 1 second late) but not before loan period is half wat through, credit rating goes up 1 point.
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- Get Loan and pay it back late (even 1 second) but less than 1 hour late, credit rating goes down 1 point.
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- Get loan and pay it back in under half loan time, credit rating goes down 1 point. (still charged full interest though

)
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Why is my credit rating important?
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Loans come in 3 flavours. *
- 1,
Credit Loan - You can borrow upto 80% of the credits in your 'Player Account' bank accounts are ignored.
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- 2,
Station Morgage - You borrow 80% of the value of a Station, calculated at its 'Min' value, including stock on hand.
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- 3,
Ship Morgage - You borrow 80% of the value of a Ship, calculated at its 'Min' value, wares in its cargo hold are NOT included.
*
-
Each flavour has 3 toppings, this is where your credit rating comes in. *
- All 3 will be Offered at the time of application if your eligible and you get to choose the one you want.
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- 1 to 8 credit rating gets you 1 Loan Offer.
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- 9 to 12 gets you 2 Loan Offers.
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- 13 to 15 gets you 3 Loan Ofers.
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- Oh, and 0 gets you NO loan offers cos your on a 2 Hour Loan Ban, at the end of which you will get a credit rating of 1.
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-
First Loan Offer, 1 Hour loan time, Interest rate = Base 15 - credit rating, down to a min of 7% (so you start on 10%) this is the only offer you get at the start, you have to work for the rest.
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Second Loan Offer, 2 Hour loan time, Interest rate = Base 20 - credit rating, down to a min of 10%
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Third Loan Offer, Unlimited loan time (actually 30 game years if you play that long), Interest rate = Base 25 - credit rating, down to a min of 10%. But !! the Interest has to be paid hourly as per normal repayment or a loan default will occure and penalties applied. when Interest and Loan Amount are paid off the loan is finalised.
*
And if i'm a bit late with my loan payments, but less than an hour.
- Pestering messages from collection agents and a loss of 1 credit rating point, and you still have to pay the loan and interest don't forget!
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So what happens if i don't pay a loan or i'm over 1 Hour late?
- You will have a bounty placed on you. Yes i will pay out more credits to bounty hunters even though i've already lost credits. Examples of loan defaulters are the best deterents to future loan defaulters
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- If it's a
Credit Loan - First freeze and impound your player credits, Then your bank accounts. Then if you still owe credits, Repo agents will vist your Stations and Impound wares from their cago holds. If this doesn't cover the debt they will start Repo'ing you Stations and Ships to cover the Debt, even your [PLAYERSHIP].
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- If it's a
Station Morgage - debt collectors will arrive at you Stion to impound the debt amount, firstly they will try to cover it from the wares in the Stations cargo hold. If this does not cover it, they REPO the Station!
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- If it's a
Ship Morgage - Repo agents will try to REPO the Ship, then anything else i can think of.
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- And, you get the 0 credit rating 2 Hour Loan Ban.
So, any thoughts or ideas from what you have read???
And you would like an ETA on the loans release?

I'm working on it.
*
MarCon