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- #61
Sent you the $5 RIF. The pay back by date, is February 23, considering your time hasn't rolled over to the next day yet.
Plus, paying back $10 RIF over a 14 day period, means that if you were going to pay back it in just RIF, you would need to post daily here, AND EARN from the posting, a daily average of 0.715 RIF every day, for 14 days, to pay it back on day 14.
And having the 25% fee on top of that, makes it that much more difficult to pay any amount above 6-7 RIF that much more difficult to do, as that percentage adds one forth of the amount that you took out, to the total balance you pay back.
And honestly, having a smaller initial fee for a loan, the bigger it gets, does not make sense. And for a business, it doesn't make sense to have a drastic change in fees, just for a bigger loan.
Well first off, my limit in the opening post of this thread states that $5 is the maximum I will give out. The reason being, is that if someone went to do posting to pay that back, it would be easier to post and pay back a $5 limit, than a $10 limit, in a 14 day period. The amount to earn daily, and pay back on the last day, would be 0.36 earned from posting daily on the forum. This means you don't have to focus your entire time posting on the forum, just to make the full thing back. Plus I have other places listed as options to pay the loan back to me on. That in itself makes paying back $5 RIF much easier, than $10 RIF.
Plus, paying back $10 RIF over a 14 day period, means that if you were going to pay back it in just RIF, you would need to post daily here, AND EARN from the posting, a daily average of 0.715 RIF every day, for 14 days, to pay it back on day 14.
And having the 25% fee on top of that, makes it that much more difficult to pay any amount above 6-7 RIF that much more difficult to do, as that percentage adds one forth of the amount that you took out, to the total balance you pay back.
And honestly, having a smaller initial fee for a loan, the bigger it gets, does not make sense. And for a business, it doesn't make sense to have a drastic change in fees, just for a bigger loan.
And what is the insistance of everyone draining my account balance before I can recover it? 