Remove Loan thread

[Overtime]

If people really need a loan that badly they can go to their bank. If they are under 18 I legally do not trust them with loans. Several users get scammed because of this. Fuck it a staff scammed for loans.

 

[bb]

As someone who is an active loaner on this forum - I highly disagree.

I make quite a bit from loaning people and I wouldn't want to stop that. MCM puts plenty of notifications warning potential loaners of the risk associated with offering such a service, it isn't like many do not know what they are getting into. It is also exceedingly difficult to scam a loan, due to the ease of regaining the funds such that the scammer doesn't get to keep the money in the end by contesting the charge.

Many user need to help sometimes to get back on their feet and it isn't fair to disregard them as potential scammers. By your logic I should shut down my design service too because there is a risk of me getting scammed. It simply is void of common sense to remove such a prominent section of the market because there is a risk of being scammed. The accounts section and the middleman sections have much bigger and more often occurring scams than the loans section does, is anyone suggesting we remove those? There are many more dangerous parts to the market and we must simply accept it is a risk of dealing and offering our services - there are children on here that are willing to receive a ban for a financial gain of 40 bucks and we must simply accept that is the reality. Scams occur everywhere, all the time, if we removed the loans section because scams occur there, we might aswell remove the entire market section of the forum.


No. Just no. This is an incredibly ignorant and misinformed statement. The majority of users loan requests on here do not exceed $150, most banks loan upwards of $2000 and do not loan less than that. You also need a fair amount of creditworthiness to request a loan from an established financial institution - given the age range of adult users on this forum, many would not meet the credit score needed.

If I need a few extra bucks to buy a server rank or whatnot and know I don't get paid for a few days, are you wanting me to find a trustworthy loaner and fill out applications and identity verification that can take days and weeks to fulfill? No, ofcourse not, its insane. You clearly have never received a loan from a financial institution if you are thinking your bank will fulfill what otherwise would be done by an MCM loaner.

I agree. If you are going to give a loan, just dont be stupid. Plain and simple

 

[Overtime]

As someone who is an active loaner on this forum - I highly disagree.

I make quite a bit from loaning people and I wouldn't want to stop that. MCM puts plenty of notifications warning potential loaners of the risk associated with offering such a service, it isn't like many do not know what they are getting into. It is also exceedingly difficult to scam a loan, due to the ease of regaining the funds such that the scammer doesn't get to keep the money in the end by contesting the charge.

Many users need help sometimes to get back on their feet and it isn't fair to disregard them as potential scammers. By your logic I should shut down my design service too because there is a risk of me getting scammed. It simply is void of common sense to remove such a prominent section of the market because there is a risk of being scammed. The accounts section and the middleman sections have much bigger and more often occurring scams than the loans section does, is anyone suggesting we remove those? There are many more dangerous parts to the market and we must simply accept it is a risk of dealing and offering our services - there are children on here that are willing to receive a ban for a financial gain of 40 bucks and we must simply accept that is the reality. Scams occur everywhere, all the time, if we removed the loans section because scams occur there, we might aswell remove the entire market section of the forum.


No. Just no. This is an incredibly ignorant and misinformed statement. The majority of users loan requests on here do not exceed $150, most banks loan upwards of $2000 and do not loan less than that. You also need a fair amount of creditworthiness to request a loan from an established financial institution - given the age range of adult users on this forum, many would not meet the credit score needed.

If I need a few extra bucks to buy a server rank or whatnot and know I don't get paid for a few days, are you wanting me to find a trustworthy loaner and fill out applications and identity verification that can take days and weeks to fulfill? No, ofcourse not, its insane. You clearly have never received a loan from a financial institution if you are thinking your bank will fulfill what otherwise would be done by an MCM loaner.

We are on a site for minecraft accounts..... I do agree with your statement but then at least they need to have an account for a year or twenty rep. The best way would be to provide ID so that if they do scam the user has the option to take them to court.

 

[Masons Monarch]

We are on a site for minecraft accounts..... I do agree with your statement but then at least they need to have an account for a year or twenty rep. The best way would be to provide ID so that if they do scam the user has the option to take them to court.

Firstly you suggested to completely remove the forum and now you are throwing out arbitrary requirements to access it? This entire suggestion has absolutely no case and the premise of which you have based your argument on is flawed and incoherent. I haven't been registered for a full year, does that mean I shouldn't be able to access the loans and investments section despite my being more reputable than many who have been registered for over a year?

The best way would be to provide ID so that if they do scam the user has the option to take them to court.

I mean.. I truly thought you couldn't say something more irrational when you made the comment about using your bank as a substitute loaner but, but congrats on managing to overcome that. Have you ever studied lawsuits - Perhaps you do not know the amount of money it takes to file one? You go right ahead taking someone to court for not paying a $90 loan and see how those legal fees affect your profit. Considering that minors cannot enter a legally binding contract or agreement without the consent of an adult - you would be asking someone to go through a large amount of hassle for almost no safety in return and its simply just not worth it for either party in the end.

The loans section is fine as is. We do not need further restrictions. We do not need it to be deleted. You clearly have no experience on the matter so I don't get why you continue to suggest arbitrary policies and courses of action.

 

[Overtime]

Firstly you suggested to completely remove the forum and now you are throwing out arbitrary requirements to access it? This entire suggestion has absolutely no case and the premise of which you have based your argument on is flawed and incoherent. I haven't been registered for a full year, does that mean I shouldn't be able to access the loans and investments section despite my being more reputable than many who have been registered for over a year?


I mean.. I truly thought you couldn't say something more irrational when you made the comment about using your bank as a substitute loaner but, but congrats on managing to overcome that. Have you ever studied lawsuits - Perhaps you do not know the amount of money it takes to file one? You go right ahead taking someone to court for not paying a $90 loan and see how those legal fees affect your profit. Considering that minors cannot enter a legally binding contract or agreement without the consent of an adult - you would be asking someone to go through a large amount of hassle for almost no safety in return and its simply just not worth it for either party in the end.

The loans section is fine as is. We do not need further restrictions. We do not need it to be deleted. You clearly have no experience on the matter so I don't get why you continue to suggest arbitrary policies and courses of action.

First of all, I've done loans on here before. Second I would be fine with making no money in order to get revenge. I did the same with Harrison. His bank ended up refunding me the money after I talked with them and provided proof (short story). Second, If people paid back on time/did not scam then none of this wouldn't be an issue (something you can learn from reading all of your scam reports). Several members already stated to increase the process to get access to it, so I simply stated it. Have you ever looked at who is scamming people? They are people under the age of fucking 18. If Mick makes it so you need to be 18/provide ID then the scam rates would be a lot smaller. That is why I said provide ID since people can just fucking lie on their age. If all of that is done then you can not be scammed. If you get scammed and they chargeback on their bank you have the option to do as you wish (take them to court). If it comes out that their ID is fake then guess what, they just committed a crime.

 

[Rhos]

It's definitely a hotbed for scammers and we're lucky we don't have more. I think there should at least be more stringent rules on the loaners rather than the loanees, many of whom are under 18 and shouldn't be gambling away their money on something they might not yet fully understand. Getting scammed out of a product or service is often manageable because the worst you can lose is your time, but getting scammed out of a loan can have serious consequences. It's dangerous and there needs to be restrictions.

 

[BOOP]

Have you ever looked at who is scamming people? They are people under the age of fucking 18. If Mick makes it so you need to be 18/provide ID then the scam rates would be a lot smaller.

Yes yes, lets just go ahead and make all of MCM 18+ only.

 

[AlfieSR]

Yes yes, lets just go ahead and make all of MCM 18+ only.

That's not what he's suggesting, I think he just means for the loans section. Not that it would change anything.

 

[Program]

I think they should just raise the requirements. I feel like its too easy for anyone to get 10 rep. Also, people should have a limit to the amount they should be able to loan. Along with this, I think there should be a certain application to become someone who can give loans and same thing with people who request loans. I think they should have to fill out an application to request a loan. The current system makes it way too easy to scam

im here stuck at like 3 reps . im deadass looking to buy shit to get my reps up lol

 

[bb]

im here stuck at like 3 reps . im deadass looking to buy shit to get my reps up lol

Buy an ad from me owo

 

[Masons Monarch]

Robux

sketchy af

 

[Overtime]

im here stuck at like 3 reps . im deadass looking to buy shit to get my reps up lol

Program is so ugly without the 2015 cape rip.

 

[bb]

Imagine how many more people would scam without loans. I dont know, but I feel like more people would be willing to exit bigger things then a simple $50 loan if the loan section were to be removed. I would say requirements are more necessary. Removing the whole section is excessive.

 

[manhattan]

if we are removing loans because of scammers, why not just remove the currency exchange section too!!!

if we remove the whole marketplace, we will have a 0% scam rate

 

[Orochimaru]

sketchy af

yet I pay him back every time

 

[babaooo]

if we are removing loans because of scammers, why not just remove the currency exchange section too!!!

if we remove the whole marketplace, we will have a 0% scam rate

delete mcm = no scam on mcm

 

[manhattan]

delete mcm = no scam on mcm

Pog!

 

[Mick]

This is something we currently have pending, and we will be removing both investments and loans from our forum in the next few months.

Since this is already pending, denied, thanks for the suggestion