Skip to content
TORNLIFE More

MikePence's Loan Shark Service [Collateral Required]

Started by MikePence [2029670] on in Gambling.

26 replies · 590 views · thread synced · View on torn.com
About this thread

Posts archived: 27 / 27 posts (100%) · the total is Torn's reply count + the opening post at the last fetch

Counted by TornLife from the archived posts.

Archived posts
27
Discussion span
→
Authority score
39 / 100
Historical score
25 / 100
Story score
50 / 100
Engagement score
75 / 100

People posting, likes and official posts are not counted for this thread yet: on threads longer than one page they come from a periodic pass over the archive, which has not covered it.

MikePence [2029670]

Are you a gambler down to your last buck?

 

Do you want to gamble more, but don't want to liquidate your assets?

 

Well you're in luck!

 

My loan shark service is simple:

Step 1: I appraise your collateral and give you an offer

Step 2: You take the loan, and do whatever you want with the money

Step 3a: You pay the loan + interest within a week and get your collateral back

Or Step 3b: You default on the loan, and no further action needs to be taken

 

Loan terms:

Interest rate: ~5% per week

Minimum loan amount: $1b

Maximum loan amount: $20b

Loan duration: 1 week (extensions can be requested with additional weeks of interest)

Accepted collateral: Commodities (Xanax, Cans, FHCs, SEs), PIs, RW weapons and armor

 

The terms of the loan offered will be dependent on the liquidity and price uncertainty of the collateral.

An item with high price fluctuations will receive a conservative appraisal.

For RW items, the 3% auction house fee is also factored in.

 

Example loan terms:

Collateral: 4225 happiness max PI

Loan given: $1.57b

Loan repayment + interest in 1 week: $1.65b

 

Special offer:

If you use the loan to play me 1v1 in poker on Juan on Juan or a higher table and take 100 bb off of me, your interest will be waived!

 

Message me today for an appraisal!