FP Loans

[Joshua Farrell]

FP$ Small and Large Loans
Monthly Payback Edition​

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This thread is dedicated mainly for those who are looking to open an exchange thread located in this board, or to use or participate in various official services and shop items, offered by Forum Promotion.​

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Are you looking to offer exchange services here at Forum Promotion? If so, then this is for you. This loan service, allows you to claim FP$ for an exchange, where you are expecting quite a bit of FP$ spent to pay people to do stuff for you, and potentially to get the investment back by having others pay you for completion of services. This also can be used to participate in official Forum Promotion Services.

Part of the loan agreement made in this thread, is that you agree to pay back what you got as a loan on an atleast monthly basis, or based on an agreed upon pay back plan. Because of the amounts involved, it is expected that you actively get involved with exchanges, to make sure you have the capital to be able to meet the monthly payback requirements, or to pay it back IN FULL.

Small Loan Information
Loan Minimum Request: 100 FP$
Loan Max Request: 1000 FP$
Initial Fee, Added to Payback Total: 25% of Requested Value.
Expected Balance to Pay Back with Initial Fee: Loan Requested Amount + 25% of the value of the loan.
Minimum Fixed Payback Installments: 100 FP$ Monthly, till paid in full.
Fixed Fees Added for Missed and Partial Payments: 100 FP$ Added to Total for all missed payments. Missed payments, are any month where you did not pay back atleast half of the monthly installment balance. If you paid 50% or more of the monthly installment but didn't pay the full amount for the month, the fee is the value of the remaining monthly balance you did not pay, plus 50 FP$ added to your current posted loan balance.
Formula used for calculators, to determine how much you need to pay back:
x+(x*0.25)=
x, being requested loan value (the amount you want as a loan).
0.25, being the initial fee tacked onto the total to pay back.
Example: 1+(1*0.25)=
The above example, shows a loan requested value being 1 FP$, being added to the fee charge being multiplied against the requested loan amount. The amount it puts out as being equal to, is 1.25. 1.25, being 1.25 FP$ that needs to be paid back.

So the formula with the answer given for the total to pay it back, looks like:
1+(1*0.25)=

To figure out how much you will need to pay back in full, use the formula above, and replace the x with the loan amount you want to claim, then input that number in the two spots that x is located in the formula, and you will get your answer on how much you need to pay back. You can use the above formula, for the next section, but substitute the 0.25 fee from the small loans, with 1 from the large loans.

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Large Loan Information
Loan Minimum Request: 2500 FP$
Loan Max Request: 5000 FP$
Initial Fee, Added to Payback Total: 100% of Requested Value.
Expected Balance to Pay Back with Initial Fee: Loan Requested Amount + 100% of the value of the loan.
Minimum Fixed Payback Installments: 500 FP$ Monthly, till paid in full.
Fixed Fees Added for Missed and Partial Payments: 500 FP$ Added to Total for all missed payments. Missed payments, are any month where you did not pay back atleast half of the monthly installment balance.If you paid 50% or more of the monthly installment but didn't pay the full amount for the month, the fee is the value of the remaining monthly balance you did not pay, plus 250 FP$ added to your current posted loan balance.

Loan Terms That MUST Be Agreed To
By applying for a loan from this thread, using the below form, you agree to:

• Not to ask for a loan, just to participate in a service and then disappear from the forum;
• You are Required to pay back the loan on a monthly basis, based off of the Minimum Fixed Payback Installments Amount. Or to pay it all upfront, if you have the chance;
• To contact me regarding your ability to pay it back, if you end up having issues with being able to pay back the monthly installments, or the entire thing in general.
• To post daily or to get business in exchanges to earn the amount back, in order to build up your balance and repay the loan.

Refusal to agree to the above, will get you reported for an unwillingness to abide by the above terms.

Form to Request Loan
MUST BE FILLED IN COMPLETELY

Loan Amount Being Requested:

What Service or item are you requesting this for:

Link to Topic, where you are planning to use loan:

Do you agree to the terms above?:
(Yes or No)

Thank you for consideration in using this service!


Previous Loan Modifications Note Area:
5 PM US Mountain Time Zone, June 26th, 2023: Clarified the daily late fees percentage, to state that the percent of the daily late fee percentage added daily, is based off of the original loan amount taken out. Meaning, the late fees being added to the balance, isn't a percentage of the current balance, but the original loan amount + the initial fee.
2:50 PM U.S. Mountain Time, August 1, 2023: Revamped the thread with two different loan amount types, and updated how the loans are done.
6:40 pm, U.S. Mountain Time, November 24, 2023: small loan initial fee, lowered from 300%, to 100% added to total Payback.
12:36 PM, U.S. Mountain Summer Time, March 15, 2024: Lowered the small loans upfront fee, to 25%.

 

[Joshua Farrell]

Updated loan thread. No longer on the forced fee system of daily late fees. Now it is set up for monthly payback, but with a high initial fee tacked on, based on how much you borrow.

 

[Joshua Farrell]

As a reminder, feel free to request a loan in FP, as monthly payback is easier to work with after getting the FP to get a service from fellow members or a official service item by the forum.

Example member services of what you can purchase:
Posting on your forum, by @Shortie861: https://forumpromotion.net/threads/posting-on-your-forums-or-blogs-for-fp.179488/
Empire's Signature Advertisement Services , by @Page: https://forumpromotion.net/threads/...ement-services-new-2023-prices-update.171423/

 

[Joshua Farrell]

End of September Fee Discount #1: The first 5 loans of 1,000 FP or less, will have a 50% upfront fee instead of the 300% Fee.
End of September Fee Discount #2: The first 4 loans of strictly just 2,500 FP, will have a 25% upfront fee instead of the 100% Fee.

Both of the above discounts, end on September 30, at 8 PM U.S. Mountain Summer Time.

 

[Joshua Farrell]

2 more days to claim the fee discount, before the fee rates go back up. 🙂

 

[Joshua Farrell]

Get your loan requests in, in the next 7.5 hours, before you loose a chance to not have to pay back so much for use of extra FP Cash!

 

[Joshua Farrell]

Friendly reminder that loans are available, and that you don't have to pay it back immediately. Gives time to earn it back from posting or doing exchanges.

 

[Joshua Farrell]

Lowered the small loan fee to match the large loan fee. Was 300% of total, now is just 100% of total. If loans are requested, I will drop the fee to a much easier to work with fee, for small fp loans.

 

[Joshua Farrell]

Updated my loan program again. The small loan fee has been reduced to 25%, to encourage small amounts being loaned off.

Loan program is available, regardless of my posting in this thread. Only time I am not offering it, is if I have no balance left, or I specifically state I am not offering the service.