Thread: Bank of MGP Now Loaning!

Welcome to MGP Banking!

There are a few things you need to know and be aware of before you start using this system.

First and foremost, this is a LOAN. You MUST pay back what you borrow! You will establish a credit rating with us and that will change how much and how often you can borrow from us.

So since there are several things to read through here, we've put it all in a nice numbered order.

1) You must be a registered member for 3 days before you will see the option to use our banking system.

2) You must have made at least 5 posts on the site before you will be able to use any aspect of the bank.

3) You must have a Reputation Ranking of at least 1 before you will be able to use the banking system.

4) The interest rate for your level of banking will be applied every 30 days. (Levels are explained later.)

5) Repaying all payments on time will increase your "credit score" with us. Paying a loan off early will give bonuses to your "credit score".

6) If you are late, or miss a payment, there is a 5 Player Point fee that will be added to your account. A missed payment over 15 days without approval from an Executive Council member is cause for all your characters and site rights to be suspended until the payment is made.

7) Loan Amounts - Levels

Basic Members can borrow 25 Player Points initially.
Online Subscribers can borrow 50 Player Points initially.
Subscriber Plus Members may borrow up to 75 Player Points.

8) Interest Rates

Interest on loans is broken down as follows:

Basic Members = 5% Interest Rate
Online Subscribers = 3% Interest Rate
Subscribers Plus = 1% Interest Rate

Amount that you can borrow will be adjusted as you establish good credit with us, so that in time you can borrow larger amounts.

Interest rates are a bonus of being a Subscriber with us and just one of the many benefits of being one of those who proudly supports the business and helps us to entertain everyone!