[bonzaii]

[sourtwist]

Lol

[unde0087]

The fuk are they supposed to do? They are taking a risk on being paid back and it is pointless to loan out thousands of points if they aren't accruing interest.

[shari91]

They'd be silly not to charge interest. You run the risk of getting stiffed or someone getting banned and not being able to pay.

[jtoler]

think I gave you 2 points yesterday myself, if you pay back 4 today youll have a clean slate otherwise the juice is still running. after 2 weeks youll be in collections and one of my guys will give you a call. missed calls as well as unreturned calls frequently result in personal visits from you guessed it, one of my guys.

[bonzaii]

Only loan out to reputable people than. You can reduce your risk that way. No reason to give a lot of points to someone who hasn't been around long enough or hasn't proven themselves. And if someone wants to be a complete scumbag loser and steal betpoints well theyll pay for that later or at least you can enjoy them being banned in the process.

Looks like I'm going to have to start saving my points up and not spending them anymore and become the Robinhood of SBR.

[shari91]

Only loan out to reputable people than. You can reduce your risk that way. No reason to give a lot of points to someone who hasn't been around long enough or hasn't proven themselves. And if someone wants to be a complete scumbag loser and steal betpoints well theyll pay for that later or at least you can enjoy them being banned in the process.

Looks like I'm going to have to start saving my points up and not spending them anymore and become the Robinhood of SBR.

That's the whole point. Most people in the Points Forum who are willing to loan out decent amounts have been here a long time, even going back to when we had a Stiff Report. But things change and the vast majority of posters have never met each other... so suddenly someone may be desperate for that Bitcoin or sportsbook cash or whatever and they take out a loan either with no intention of paying or with every intention but then they decide to just not bother because they'd rather use their points for something else.

And because SBR doesn't get involved with loans, you could be sitting here posting for years next to someone who just flat-out refuses to pay you back and there's nothing you can do about it. That doesn't even include those who get banned for something outside of the Points Forum. Unless they're allowed back some day there's no hope you'll ever see those points again so people charge interest. Many, many, many people have scammed and been scammed. That's why anyone who loans out a decent amount of points without interest is a total dill unless they have a friendship off the forum from meeting at Bashes or whatever. They could be using those points themselves instead of risking them interest free on a virtual stranger

[shari91]

That ^^^ being said, I've always been vocal about absolutely hating loans at all on here because of all the problems they cause.

[fried cheese]

Only loan out to reputable people than. You can reduce your risk that way.No reason to give a lot of points to someone who hasn't been around long enough or hasn't proven themselves. And if someone wants to be a complete scumbag loser and steal betpoints well theyll pay for that later or at least you can enjoy them being banned in the process.

Looks like I'm going to have to start saving my points up and not spending them anymore and become the Robinhood of SBR.

does it keep you up at night worrying that some sbr posters might only have 12 points a day to gamble with at the sbr book?

[5mike5]

Is this guy serious?

Just when I think ive seen it all, now somebody is complaining about interest on a betpoints loan. Uneal

[mpaschal34]

When I have points, I usually do low interest rate loans...interest free to several I know well.

Main reason for the interest is that I was once stiffed almost 1400 points on a loan.

[ArunSh]

Good to hear bonzaii. Now next time I or anyone I know needs a loan, I can just direct them to you since you provide no interest loans since you are so opposed to interest - I expect you will always be willing to oblige yes?

Actually, forget betpoints - I need a real $ loan to purchase a piece of land. I'll be sure to ask the bank to provide me an interest free loan, and if they refuse, I can just show them your post - that should set them straight + change their minds, thanks for the tip!

[yisman]

I rarely do loans anymore and the reason is because the amount I've been stiffed by about 15 posters (virtually all of whom were considered "reputable" at the time) is more than the interest I've received from the people who did pay.,

Loans aren't worth the hassle, as most lenders find out eventually.

[Easy-Rider 66]

OP is wrong on this point. See above post. I take loans from Yisman and I am obliged to pay the man interest as he takes the risk I may get hit by a bus and not pay back. And when I had a lot of points and was fronting points to players I did charge reasonable amount of interest. Anyway it is what it is.

[ArunSh]

I rarely do loans anymore and the reason is because the amount I've been stiffed by about 15 posters (virtually all of whom were considered "reputable" at the time) is more than the interest I've received from the people who did pay.,

Loans aren't worth the hassle, as most lenders find out eventually.

Similar for me though I was in the lending world for a much shorter time than yisman I believe. Basically same experience though, most loans were ok and got me some interest, but the few times I got stiffed amounted to a fairly similar amount I lost compared to the interest I got. So it's hard to claim it's really much EV for the lender if any. Add to that the hassle and potential drama (which I've had with a few of my loans), there is little incentive.

And the reputability thing is a big issue as well. Main problem is, even if you loan to someone whose track record suggests they should be reputable, what happens when the loan they got from you to make a big bet or try to make a big casino run goes to 0? They have the choice to be honorable and pay you back slowly, but original intentions aside, it's often easier for them to just stiff - perhaps disappear from the site altogether and just make a new account. That's an inherent issue with loaning anything to "gamblers" in general - too many of them, even those who have honorable intentions, have a point at which their debt becomes so high that it's easier for them to just "declare bankruptcy" by stiffing and vanishing from the site and then potentially creating another account.

One need only check out the two plus two forums for many stories of people who were seemingly reputable that were loaned $ and were unable to pay it back - far too many cases of that unfortunately, with some of them involving people who appeared to be big poker celebrities based on their appearances on TV (which is often unfortunately what gave people the erroneous impression that these people were definitely reputable, good for their debts).

To use myself as an example, I made four loans to a certain poster who always paid them back. So obviously I had no issue issuing him a fifth loan. Unfortunately, he never paid me back for the fifth loan. Am not sure why - maybe he lost the points and it was easier to vanish or maybe he really wanted to pay it back but his real life issues precluded from coming back to the site despite his honorable intentions. Many possibilities!

As stated already by yisman and myself above, loans really don't seem worth the hassle just for the hopes of some small interest. And you want to make it worse by suggesting there should be no interest at all, lol. Good luck finding people to loan then - might as well just outlaw loans altogether frankly then, would at least save people the headache/drama of getting stiffed.

[yisman]

You could make a list of at least 25 posters who stiffed on loans who were "reputable" at the time they took them (meaning they paid back previous loans, were known members of the community, etc.).

People are good/reliable until they aren't.

wtt was a long time member. Ultimately stiffed for a large amount. williams (this goes way back) was a mainstay of the points forum for a while, ultimately stiffed over 1,000 points. Many more but I don't remember them all off hand. hels ran a CFB contest and stiffed over 1,000 points when shari banned him.

shaunovery stiffed several thousand.

astro disappeared inexplicably and stiffed a fantasy league. He had been posting a long time and repaid his loans in the past.

Then you have the stiffs still posting here.
Now I avoid loans generally with the exception of a few good guys, and I give those guys low interest because they've been reliable.

To give a shout out to those guys, Easy Rider, 5mike5, and Straight Cash have been good and reliable.

[Derailer]

If you want a no interest loan, just ask for one.

[JAKEPEAVY21]

You could make a list of at least 25 posters who stiffed on loans who were "reputable" at the time they took them (meaning they paid back previous loans, were known members of the community, etc.).

People are good/reliable until they aren't.

wtt was a long time member. Ultimately stiffed for a large amount. williams (this goes way back) was a mainstay of the points forum for a while, ultimately stiffed over 1,000 points. Many more but I don't remember them all off hand. hels ran a CFB contest and stiffed over 1,000 points when shari banned him.

shaunovery stiffed several thousand.

astro disappeared inexplicably and stiffed a fantasy league. He had been posting a long time and repaid his loans in the past.

Then you have the stiffs still posting here.
Now I avoid loans generally with the exception of a few good guys, and I give those guys low interest because they've been reliable.

To give a shout out to those guys, Easy Rider, 5mike5, and Straight Cash have been good and reliable.

astro and shaunovery owe me points..noone would have ever thought either would vanish and stiff given their past history at SBR.

I only trust a select few on the forums anymore.

[downsouth]

astro and shaunovery owe me points..noone would have ever thought either would vanish and stiff given their past history at SBR.

I only trust a select few on the forums anymore.

Ive done more loans than probably most (maybe except Yisman). Nobobdy is risk free. They are always stand-up until they disappear.

I loaned Shaunovery points multiple times over probably a 5 year span. He eventually stiffed me.

I've even been stiffed by guys I have actually met. Been stiffed by plenty of people you would have never expected. The thing of this forum is it tends to go in cycles. The most frequent posters who everyone knows and everyone thinks is a great guy just disappear (ghosts).

[yisman]

astro and shaunovery owe me points..noone would have ever thought either would vanish and stiff given their past history at SBR.

I only trust a select few on the forums anymore.

If one were making a list of top 25 posters in terms of reliability at the times they went bad, shaun and astro would've been on them.

No one thought there was much risk there, and I would've said they were part of the select few.

[horja1]

You're funny.

Next thread: banks charging interest on loans !!!

[CarolinaDaze]

To give a shout out to those guys, Easy Rider, 5mike5, and Straight Cash have been good and reliable.

I know Yisman can't remember everything, but I should easily make this list also. I've had 5-6 descent size loans from Yisman and paid back in half the time due & in full Every time. They were much appreciated.

[sourtwist]

I'm thankful to have been able to take out a few loans, and have been generous in the payback

I'm also happy to say that any loans I've given out have never had an issue, and all of this activity is recent

If someone is willing to take a loan, there has to be something in it for taking the risk

[mr. leisure]

I heard Goatman is looking for a no interest loan .

[yisman]

I heard Goatman is looking for a no interest loan .

Yes, and his cousin Goat Milk is also looking for tokens.

POS69 has his tin cup out, too.

[yisman]

Another one was mp with some numbers.

Played poker here until recently. Stiffed several thousand.

[franklee168]

Looking for a 100k loan, no interest payment of course. TIA.

[sourtwist]

Looking for a 100k loan, no interest payment of course. TIA.

Sent

[Sam Losco]

bonzaii want to do 317 point interest free loan? wouldnt mind picking up some more pinny cash head of nfl

[bonzaii]

bonzaii want to do 317 point interest free loan? wouldnt mind picking up some more pinny cash head of nfl

If you'll pay it back in a month sure Ill give you 317 points.

[bonzaii]

does it keep you up at night worrying that some sbr posters might only have 12 points a day to gamble with at the sbr book?

Does it make you mad to see people help other people out?

[bonzaii]

I understand why people want to reduce their risk, but if your worried about being scammed you shouldn't be loaning in the first place and charging interest isn't going to really cover the losses anyway unless it is minimal.

[Natty68]

Was there anyone worse than that carseller4 guy? When I first found SBR it seemed like he was headed for legendary POS status.

[pabonaparte]

Let's also blame the bookmakers charging us 110 for each 100 wagered. How dare they try to profit!

[bonzaii]

Let's also blame the bookmakers charging us 110 for each 100 wagered. How dare they try to profit!

You can go start a petition on this in another thread if youd like.