Changes to Investments & Loans

[MisfitNerd]

Currently we have the Investments & Loans section as one, when loans and investments are two entirely different things. Here's what I think needs to change.

First, the two should be separate forums. This would help organize the sections way more and allow users to find what they want with more ease. Both forums need to include Offering/Requesting prefixes as well to also help users when creating their threads.

Second, the Loans section needs higher requirements than just 1 month of being on the site. Currently Loans are used so often for new people to come in, take $50 or so and run off to never return it again. Many users who get scammed often get scammed through loans. I believe additional requirements should be added to help ensure the users in the loans section aren't as likely to scam. I think 3 months of being on the site and 10 positive rep would be a fair change in my personal opinion, though I wouldn't mind it being even higher.

Thoughts and opinions, please explain why you may disagree if you do! Thanks for reading.

 

[MTG]

Well, I agree but this was suggested before and declined.

 

[MisfitNerd]

Well, I agree but this was suggested before and declined.

Was worth trying again. That section is an unorganized nightmare. It's hard for everyone as of now to find what they want in there. The least they could do is separate it out.

 

[Lucasa]

Agreed. Very sketchy to allow loans from new members. Making more rep and vouchers would mean these players would have to actually spend time in the community and receive support to take loans.

 

[koshr]

What about people like me who don't meet the requirements? I'm doing the loans as promised, but don't have the reputation. Seems kind of unfair to some people, but I could see both sides. Not sure how to feel about this.

 

[ZACK]

agreed

 

[MisfitNerd]

I agree with your 3 months but 10+ rep isn't too fair. Not everyone on the market sells things or even asks for reputation as its against the rules. I think an x amount of messages would be more fair as it will determine the active and dedicated users of this market.

Message count is pointless as I've seen users rack up posts so quickly. Tons of users just post a bunch of "glws" and quick suggestion posts to get far. Reputation isn't terribly hard to come by but it makes the user actually do something to get into the loans section.

 

[Thanh]

I definitely agree on increasing the required age of the account and the addition of extra criterias. As a loaner, I have been scammed several times, and it's really troublesome to have to go through the scam report process, as well as the PayPal dispute process. We need a fair way for loaners to loan their money without the constant fear of scammers.

 

[tjrgg]

Might not be a bad idea to remove loans altogether, honestly. Obviously, this isn't suggesting that, but for the betterment of MCM and its members, it's probably the right course of action, if there are actually that many problems with it. Just tacking on another month or two to the requirements may cut down on potential scams, but it almost certainly won't make them disappear. So, it may be worth strongly considering just renaming the sections to "Investments" and not allowing loans to be made altogether. Numerous laws are just being broken with regard to loans on this site anyway. If you truly need a loan, there are much better places of getting one that are far less risky.

Well, I agree but this was suggested before and declined.

On what grounds was it denied the last time this was suggested?

 

[root]

I agree but just put them into different categories rather than getting rid of one.

 

[MisfitNerd]

I agree but just put them into different categories rather than getting rid of one.

That's all I'm suggesting is to separate them out. That section is such a mess. It's hard to tell what's what even with tags sometimes, and it's hard to find people requesting loans. It's easy to find those who offer them though.

 

[randomname1012]

3months and 10+ rep? jesus, you just say this because you have 100. its kinda hard to get 10rep

 

[Fawks]

3months and 10+ rep? jesus, you just say this because you have 100. its kinda hard to get 10rep

For you its hard to get a single rep, he doesn't have 100, he has 49. Can't you count?

 

[randomname1012]

For you its hard to get a single rep, he doesn't have 100, he has 49. Can't you count?

it says he has 103 positive rep