Money Loaning part 1/4 Loan Sharking

[Jason Havoc]

Economy /Money loaning suggestion: 

Please if interested read the total concept/suggestion (4 separate posts), I have divided it in 3 sub idea’s and final words/explanation. So if you are interested in just one of them you can just vote for that part. Thank you in advance for taking the time to read this. 

Introduction: 
At this point in time money in our fine city is just that, we grind for it. Work out deals about weapons and products but most items have a set price. This gives a somewhat definitive stale value to things which could open up more if this was to be approached differently. 

1. Part 1/4 Loaning money and loan sharking 
   
2. Part 2/4 Cars on credit 
   
3. Part 3/4 Repossessing/impounding car system 
   
4. Part 4/4 Final words and explanation 
   

Part 1/3: Loaning money and loan sharking 

People could become a loan-shark and start loaning new players or longer-term players money. They would have to make weekly payment and the "collector" could also get the same payment system, for instance the same as the cops have with fines. Meaning they would get a flat fee percentage of the amount they are going to collect. This would also bring a risk to rate ratio reward system in play. More opportunities to RP would be created and have situations where you have to talk yourself out of a tight squeeze or just going down to the loan shark to make the down payment. 

There should be a system for this in legal with the bank and illegal with loansharks. So you have your choice. Pay the higher interest rate with the bank or take the risk with the loanshark but lower interest rate. Both sides should have some insurance in the way where for instance the bank could just take it straight out of the players pocket/account if he/she isn't paying and the loanshark will be compensated if the players aren't online for a month and his stuff is wiped. With this system, you could introduce a new way of crime and legal work. And if this works and is regulated properly the possibilities would be kinda endless. 

Please also read part 2/4, 3/4 and 4/4 if this sparked your interest, I will go more in depth with more options.

 

[.Jasonnn]

Now I haven't played FiveM recently so I'm not sure on what the money situation is like, but if these were to be implemented, what's stopping people from just creating a new character once they've spent all the money they've borrowed?  I know you say the lenders could get it back if they stopped playing for a while, maybe suggest adding a server rule to prevent this(if implemented)? And are you suggesting that the loan sharks and money lending be generated by the server (So money given to players with the rank Loan Shark/ Bank owner) or within the players who have gained a large income over the 7/8 months the server has been up for(If this is the case then surely a group could set this up on their own merit rather than getting dev approval)?

 

[Jason Havoc]

Now I haven't played FiveM recently so I'm not sure on what the money situation is like, but if these were to be implemented, what's stopping people from just creating a new character once they've spent all the money they've borrowed?  I know you say the lenders could get it back if they stopped playing for a while, maybe suggest adding a server rule to prevent this(if implemented)? And are you suggesting that the loan sharks and money lending be generated by the server (So money given to players with the rank Loan Shark/ Bank owner) or within the players who have gained a large income over the 7/8 months the server has been up for(If this is the case then surely a group could set this up on their own merit rather than getting dev approval)?

Thank you for your response, as stated in (G2.9) Transferring money or items between your own characters is not allowed by any method. The transferring money will be an offence on the rules and dealt with accordingly I would assume. That's why I would suggest it is a money lending system generated by the server and not by people who have just grinded a lot of money. Maybe if you have been on the server long enough you can get the option to become a loanshark by yourself but with the addition of the fine system I explained in post 3/4 where it would be more server operated and RP focused. There will always be a risk of people abusing it, but if the criteria as explained in my 4/4 post with a citizen ship card or minimum say hours played or effort put in is in place determining the amount to be loaned this would greatly help counter that. Also this will allow you as a loanshark to be more careful in picking your customers. And the option of becoming a bank employee overseeing loans or becoming a loanshark should not come without any effort or screening before. If people invest time/effort in something we are by nature more inclined to take it seriously and not wanting to loose or fuck it up.

 

[DELETER]

Due to low amount of votes moved to rejected