[playersonly69]

Well before voting or posting, take these points into account.


1. A loan of 3000 points would take quite a while to pay off.

2. Store price increases are happening almost monthly. Certainly another increase will occur after the Super Bowl.

3. Posters who stiff you have to be factored into your loan rate %.

4. A lot of posters will take out a PRO RENEWAL loan of 2000-3000, but they will just try and use the points in the casino first to win points or double up. When they lose, they just don't become a pro anymore and leave the site/

5. You have to factor in the time that you spent during the entire year begging for payments and the time that the borrower will ask for bumps. Guys pay off 500 quickly, then think that they are due a bump of 1000 or so.



I am sure that there are other factors to include as well. But it just doesn't seem worth it for lenders to issue out loans of over 500 points anymore

[playersonly69]

Why do I only have 1 minute to post a poll?? How does that make sense??

[downsouth]

Few exceptions but generally there not all that good. Guys like Carseller, Picker and such will pay 20% interest and points will depreciate 50% plus before they ever pay off.

Triple D probably has the best terms to attempt to stay current but really who knows.

And lending generally isn't making any huge points, more of a hobby. Between stiffs and point devaluation break even to slight positive is about as good as it gets.

[playersonly69]

I will nominate your post DS so that maybe it will get you 10 points anyway!

Hell we wont even have poker for quite a while I don't think. So carseller is ******!!! So is dickpicker

[secretstash]

I will nominate your post DS so that maybe it will get you 10 points anyway!

why wait

-stash

[Triple_D_Bet]

It really depends on how you define "profitable"...in the conventional sense, no SBR loan is profitable (they don't generate enough benefit in terms of real goods or services to be worth the time spent tracking them let alone the inflation, risk of stiffing, etc).

The weekly interest I charge balances out inflation and time-based consideration for slower repayment, with my reduced weekly interest balanced against the quicker return of points to me. Given recent inflation it's obviously not as beneficial.

With the weekly interest, the loans that have been completed so far since I started lending (about 9 months ago) I show the same amount of "profit" on loans above and below 500 points. Because of the way loans are usually set up (flat percentage up front plus weekly), smaller loans show a higher profit per unit time, but only because they're paid off faster. Larger loans "profit" less per unit of time (about half as much based on my records), but the advantage is that more points are earning interest under one transaction and not as much effort is required to track them. As an example, if you have $3,000 you want earning interest, is it better to invest all $3,000 in a bank yielding 5%, or just $500 in an account earning 10%?

There's no magic threshold above which it doesn't make sense to give out a loan, but in general, the higher the loan the less the profit. The "fixed income" of SBR pros (the daily 12 pts) combines with the borrower's dedication, ability to generate points in poker and most importantly their reputation to determine the amount they can be expected to repay. I currently have 28 loans out with approx. 77k points lent; if they were all 500 points or smaller, I'd have at least 5 times as much work to potentially earn twice as fast...not a good tradeoff since I value my time more than the "profit".

As DS said, most of us aren't motivated by profit, so the above doesn't really influence our decision making process...the few that get into lending hoping to profit quickly realize there's none to be had and stop lending.

[dngf]

Loaned cumulative 1.05 million in roughly 1,450 loans about half the points loaned with downsouth. Made 135K in interest but about 40K in in stiffs so just about 9% net return.

I would rather do 200 to 500 point loans, but that is from 2010 and 2011, a small loan is 1K now. 3K+ loans are fair, there are some that are great, but a lot are chancy, like DS says, loan a guy 3K instead of sending to SBR he is first going to win them all in the casino, then non-pro and no repayment

It is still enjoyable enough which is why I keep lending.

[Itsamazing777]

Number 4 on list

[shaunovery]

I have had 4 or 5 3k loans from downsouth and paid every one back well before time

[RudyRuetigger]

Loaned cumulative 1.05 million in roughly 1,450 loans about half the points loaned with downsouth. Made 135K in interest but about 40K in in stiffs so just about 9% net return.

I would rather do 200 to 500 point loans, but that is from 2010 and 2011, a small loan is 1K now. 3K+ loans are fair, there are some that are great, but a lot are chancy, like DS says, loan a guy 3K instead of sending to SBR he is first going to win them all in the casino, then non-pro and no repayment

It is still enjoyable enough which is why I keep lending.

do you kno my totals on that?

I think i first started with marauders then aca though.

[Cross]

Lenders should be given the address of all lendees so that if they are stiffed you can always send Guido over to their house to rough them up a little bit! Shouldn't that be an SBR policy?