Loans & scamming

[Joshy]

There has been a few reports of scamming recently, in the form of not paying back a loan. We are changing how we handle scamming reports relating to loans, meaning that;

• borrowers cannot exploit the fact "no repayment date was agreed on" anymore - admins will now inform the borrower that he must pay back the loan within a reasonable amount of time or be found guilty of scamming
  • NOTE: you should still agree on your own repayment dates! Admin intervention is a last resort.
  • Admins have to give reasonable amount of time to pay loan back which could mean weeks or possibly months.
• admins can now forcibly take the money back from borrower if the borrower did not pay back by the agreed date - if borrower doesn't have enough money we will sell their property to compensate

General advice when loaning money;

• always agree on a certain date that the borrower must pay you back by - this counts as an agreement and will be enforced by admins if borrower decides to scam you out of your money
  • you should screenshot the agreement being made (press F8)
  • make sure they agree to pay you back by a certain date on server property like chat, CB or PM. Agreements from Facebook/Skype etc do not count
  • do not accept indeterminate answers like 'soon', 'later' and so on, the date must be an actual date or a duration of time!
• if borrower has not paid you back by the agreed date, report them on forum as 'scamming' along with proof of agreement and admins will look into it
  • if you do not have proof of the agreement, post where you made the agreement (what CB you were in, were you using PM etc) and admins will try to search logs
• if you did not settle on a date that the borrower must pay you back by, you should contact the borrower and attempt to agree on a date.
  
  
  • do not accept indeterminate answers like 'soon', 'later' and so on, the date must be an actual date or a duration of time!
  • if the borrower refuses to negotiate a date, you may report them on forum where admins will give them a reasonable amount of time to pay loan back
  • if you both agreed on a date, make sure you screenshot the agreement

This post applies to loans made since the new rule 18 was created (1st February 2014). Scamming is scamming whenever it happened.