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kimish
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Posted - 2007.09.26 17:25:00 -
[1]
can you get scammed by doing this?
_____ _____ "When the moderators are gone, the trolls dances on the table." |
SencneS
Amarr Balsarferskratchin Inc Axiom Empire
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Posted - 2007.09.26 17:33:00 -
[2]
Edited by: SencneS on 26/09/2007 17:33:34 Yes you can, but it's blatantly obvious if they are trying. They can at the time of the loan expire, fail the loan in which you keep what you have and you lose your collateral.
So if they have a Battleship with 250mil Collateral, they can fail the loan and you paid 250mil for a Battleship.
However you can at any time return the battleship and finish the loan in which you would get the collateral back. You just have to return it BEFORE they press "Failed"
Amarr for Life |
Shar Tegral
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Posted - 2007.09.26 17:33:00 -
[3]
Originally by: kimish can you get scammed by doing this?
Yes. I forget the specifics but loan contracts are somewhat arcane, hard to understand, and it is very possible to setup terms that can screw over either party. Repeatedly. /me sits back and thinks. I guess it's long overdue someone writing a how-to faq on them.
It's A GIRL!!!!! |
kimish
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Posted - 2007.09.26 19:05:00 -
[4]
soo basicly it is useless as a feature?! ...
hmm how sad :S ow well thanks for answering ^^ _____ _____ "When the moderators are gone, the trolls dances on the table." |
Robacz
Essence Trade Essence Enterprises
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Posted - 2007.09.26 19:24:00 -
[5]
Edited by: Robacz on 26/09/2007 19:24:19
Originally by: kimish soo basicly it is useless as a feature?! ...
hmm how sad :S ow well thanks for answering ^^
They are not useless, they are actively used for freighter loaning for example and they work perfectly.
You can be scammed by loan contract, but only if you don't read what you are claiming.
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Shadarle
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Posted - 2007.09.26 19:41:00 -
[6]
Originally by: Robacz Edited by: Robacz on 26/09/2007 19:24:19
Originally by: kimish soo basicly it is useless as a feature?! ...
hmm how sad :S ow well thanks for answering ^^
They are not useless, they are actively used for freighter loaning for example and they work perfectly.
You can be scammed by loan contract, but only if you don't read what you are claiming.
From past threads I have read they are a bit more confusing than they should be. I remember reading what each of the fields actually means and it didn't seem to make much sense.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Taikun
Gallente Serenity Prime Praesidium Libertatis
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Posted - 2007.09.27 00:17:00 -
[7]
Edited by: Taikun on 27/09/2007 00:17:15
Originally by: Shar Tegral I guess it's long overdue someone writing a how-to faq on them.[/justify]
Been there... done that... weeks ago. I think you even chimed in with your two cents yappin up a storm as well. I KNOW that chump above me did.
The link to Loan Scam 101
Taikun
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For lack of a better word ladies and gentlemen... Greed is good. |
Hanoi Hana
Mitsubishi Group
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Posted - 2007.09.27 00:47:00 -
[8]
Edited by: Hanoi Hana on 27/09/2007 00:50:05 On the flip side, it's possible to make a loan contract that costs more to click the "accept" button than the amount of isk you receive in the loan, but it trickily looks like the "accept" fee is actually the final payback fee. If this happens to you, it is petitionable as an exploit.
It's explained above at Taikun's link better than I can describe.
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