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Forum >> General Chat >> What is a decent amount of percent?

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jessEEkuh [inactive] Post Count: 0 Respect: 2	08 Apr 2010 06:42pm
	I was wondering what is a decent amount of percent for a loan? I would keep it the same for all loans, and I don't want to go over 10%.

THa ReAL PiMP [inactive] Post Count: 0 Respect: 9	08 Apr 2010 06:47pm

jessEEkuh [inactive] Post Count: 0 Respect: 2	08 Apr 2010 06:51pm

Mad_kash [inactive] Post Count: 0 Respect: -32	08 Apr 2010 07:23pm
	If you're paying anything over 0% interest, you need better friends.

jessEEkuh [inactive] Post Count: 0 Respect: 2	08 Apr 2010 07:23pm
	Lol, not for friends. I mean for a loaning service thing.

Mad_kash [inactive] Post Count: 0 Respect: -32	08 Apr 2010 07:27pm
	You're making your ow shark business? I'd do it loan by loan, make it dependent on both loan size, and time to pay it back. e.g. Longer they need to pay, make the interest a little high. Do it between 5-15%.

jessEEkuh [inactive] Post Count: 0 Respect: 2	08 Apr 2010 07:30pm
	Ok, I will say that for the first bit, it is 5% Then after a while it goes up to 10%

Mad_kash [inactive] Post Count: 0 Respect: -32	08 Apr 2010 07:32pm
	That is totally not what I said, at all.

Teh Ollie [inactive] Post Count: 0 Respect: 169	08 Apr 2010 07:39pm
	Lmfao!

jessEEkuh [inactive] Post Count: 0 Respect: 2	08 Apr 2010 08:25pm
	Sorry, I kind of read it quickly and jumped to my own theory. I know what you mean now.

donald-duck [inactive] Post Count: 0 Respect: 0	08 Apr 2010 09:51pm
	I have always done 10% or what sounds fair to the person. I normaly do somehting like this. For every 1k points you pay back 1.1k for every 10m its 11m to pay back. Thats what i always did for my firends. For strangers Its 1.2k pts and 12m. But what do i know. People think that thats a rip off. so do what ever you think is fair