Loans

i am earning my SC$ from my corps base on FB year, not base on earth year.

why is that my SC$ earn from loans are not base on FB year, but base on earth year?

why the change?


another dimension to this loan program is that if it is competitive and players choose their own terms then i'm sure that few loanee players would choose high interest loans from loaner players? at the moment, we players have no choice of our own terms?

on earth, to be able to get a loan you have to have the ability to pay it back and often you must have collaterals for the loan. why not impliment something similar on the sc planets?

as i have posted already, what is wrong with basing the ability to repay your debts base on the total assets value of your entity (country or enterprise)? if you cannot repay the loan base on your cashflow, then game parameters automatically sell your entity's assets to repay the loan?

another issue i'm frustrated is that, my corps are automatically given loans from others even though my entity has trillions available. why can the game parameters automatically transfer my available money to my corps, and if my entity has no cash then use the open market money (i.e. loans from others)? i don't see any other reason for this error, other than to put me into more debts without my permission.

if the loan interest rate is base on the sc planet that you are on, perhaps it will encourage players from slow orbiting sc planets to go to fast orbiting sc planets?

in order for there to be interest paid out in real time the volume of money would need to decrease to a realistic level aswell so the average person isnt taking out 1 trillion in loans anyways as the GM is doing by decreasing costs of weapons etc (deflation) i assume?

It seems that we are discussing a non existing problem.
25% was a joke.
we will not change the interest rates for now.
when we do, we will probably lower it as 12% is far too high.
4% is more likely.

lol gah what have I done.

Thanks for the responses though. I really just wanted to understand the reasoning behind basing game interest rates on a real year and not a game year.

now my head is spinning like never before, but that might be from too much adult beverage

Seems to me interest rates don't matter since Roving Eye is squandering most of the loans offered. I don't understand why credit is continuously being given when debt is extremely high. Makes the market tight for deserving corps and countries who must resort to borrowing from the World Bank at higher interest rates.

There is a limit to the amount of credit a country can get.
that amount is being reduced from time to time with the decline in exchange rates etc.

1T is now a huge amount of money. This was very different some time ago.