+1, People need incentives not to scam and to payback the debt faster.

 

How would we calculate interest?

 

For some scams, the interest would make it harder to pay back already hard to pay scams. You need to be careful, because some people actually want their money back.

 

I am 100% against this if there's not going to be any way to decide it other than more or less what a GA thinks of a particular person at a particular time. Even then I don't see it acting as a huge deterrent. The way I look at things there are 2 main reasons why scams happen - and this wouldn't particularly solve either of them.

1. Bad Timing/Luck/Whatever - the unexpected offline time or accidentally broken tool. This wouldn't offer a deterrent to these kind of situations.
2. Full Malicious Intent - these are players who intentionally scam to cause harm to others, and often times they don't intend to return. If they don't intend to return, it won't deter them either.

 

I'm sorry but I don't think this would help as much as it would hurt. I feel like there are some scammers that come back and try to pay back because they made an honest mistake but their isn't a huge incentive for them to come back because they'll have to work there way back up from where they are at (a negative bal). I think that knowing that they'll have to pay even more will discourage them from coming back.

 

This would be a nice idea, but as @dumdum71 said, it wouldn't exactly encourage users to return to ECC if the interest was high enough. A small interest, however, may be useful.

 

People who scam wont care,
And half the people who scam and re-appeal and don't even pay off there debt,
They just come back to have fun for awhile and then get banned again lol

Id rather then negative balances or Banned Scammer Trade Signs used to repay victims

 

Negative balance is a good idea, as it would bar indebted users from using lotto. However, it may hurt them if they want to buy money-making tools such as en eff5 pickaxe.

 

Also if you add interest to doing this,
It creates extra work for Staff Members which last time i made a suggestion on Scamming Repayments, which got denied for partly that reason also:

http://www.ecocitycraft.com/forum/t...ims-through-their-chests-lwc-removals.124913/

 

There's too many ways this could go wrong. Let's say that I am a very active ECC and friendly ECC player. I decide to take out a 100k loan. Then all of a sudden let's say a hurricane happens and my house is ruined (or anything bad in real life). Then I get banned for scamming. It wouldn't be fair if I couldn't get on ECC for a good reason and had the interest. Also people who have scammed let's say a year ago and return, might have an excessive amount of money to pay off.

 

In principle I agree with this. It happens in the real world with debts - You can seek interest on unpaid debts in court. I'm just not convinced it is a good idea for ECC as a minecraft server. I agree with Nicit that I really don't see this being a deterrent at all. On the flip of that though, I can support it from the point of view of the victim who has been without his/her money for a period of time.

 

+1/-1 On this I'm kind of 50/50 I got scammed 44k out of a guy who later got banned for not paying back other debts. Finally when it came time he was banned and had no money whats so ever if his bal. I guess the interest would be nice to teach him a lesson. But guys, this guy has about 250k in loans he has to pay of. And then adding interest to that? Honestly by this point I don't even care, I just want my money. And trust me, I'm not getting it back by adding another 50k to his debts.

 

+0.
On one point it punishes scammers, but on another, I've seen people quit because they can't even pay off the regular debt, interest will only increase amount of quitting, decrease amount of successful repayments. Most of the time, those quitters accidentally get into problems. It really is hard to not quit when the debt is unreal and the ban is near. But for scammers with clear intentions, sure, do it.

 

You can also lose all your money you've lent to people in the real world also when they default on their debt...

 

+1 the current system is bullshit, I can't take out a 1mil loan with paybacks 1.2 mil in 1 month then get banned and come back to ecc in 1 year. I will still only have the 1.2 mil debt which is 1 year overdue.

 

Yeah but the flipside, you come back in a year and are expected to pay 2mil - 3mil and just decide "forget it, it's too much". High rates of interest are counterproductive. Low rates are ineffective.

If there was a good, objective way for this that never provided excessive burden then I might agree... but I'm yet to see one provided.