Chill's Loans.

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Chill

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I'm creating this because I see every now and then a few older users asking for money, I have nothing against newer users but I figure I can help out.
I will be allowing FK users to seek loans from me, depending on how well this goes, it will decide the max amount allowed to borrow for each individual user. I will be allowing 3 users at any given time to take out a loan with me.

As this is only just starting out I will be setting a limit of $30 unless we've dealt with a decent sum of money before or I know you quite well (Only a select few + Mods/Philly). At the present moment I will be dealing with Paypal only.

Interest

Upon agreeing to my ToS an interest will be charged as you've 1 week (or more depending on the deal) to repay the owned money.
For a loan of $1 - $10 or less you will pay $2 interest.
For a loan of $10 - $20 or less you will pay $3.50 interest.
For a loan of $20 - $35 or less you will pay $5 interest.
For a loan of $35 - $50 or less you will pay $6.50 interest.

Currently Loaning
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Repayment

How this works is, you will refund my initial loan to you + a payment containing the interest owned pertaining to the money you've borrowed.

ToS
- I have the right to decline you for any given reason.
- Any lent money will be paid back in full + interest by the given date or a scam report will be opened.
- I would prefer you to be an upgraded member with at least Donator/Onyx and Power. (Obviously not needed if I know you)
- If you chargeback any interest payments this will result in a scam report.
- You agree to my ToS or we do NOT deal.
 
I guess you can say, this is some COLD hard cash.
 
Krish said:
I guess you can say, this is some COLD hard cash.

I felt a CHILL go down my spin when I read this.

Great layout Chill, hope all goes well.
I'll be using this some point in time.
 
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