Suggestion: Pay off part of your loan early

golffor1 · Post by **golffor1** » Fri Aug 22, 2008 5:09 am

I have taken out a massive loan, and I orginally thought I could pay it back early. In real life when you take a loan out of the bank, you are able to pay it back early or maybe more payments than what you owe. This is the reason I offer the suggestion of being able to pay your loan back early, or pay back than the specified amount per payment.

What do you think?

Razvanica · Post by **Razvanica** » Fri Aug 22, 2008 9:04 am

golffor1 wrote:I have taken out a massive loan, and I orginally thought I could pay it back early. In real life when you take a loan out of the bank, you are able to pay it back early or maybe more payments than what you owe. This is the reason I offer the suggestion of being able to pay your loan back early, or pay back than the specified amount per payment.

What do you think?

Well, you are able to pay back early. This was implemented a couple of seasons ago.
As for the other suggestion, to be able to make more payments at a time, I don't really see its interest.

C.A. Peñarol · Post by **C.A. Peñarol** » Fri Aug 22, 2008 11:17 pm

This is a very good idea, it's more realistic than the current.

Razvanica · Post by **Razvanica** » Sat Aug 23, 2008 1:08 pm

The interest of paying early is that it allows you to take another loan. If for example you still have 1M to pay, you can pay it early and loan another 2.5M. Paying only part of the 1M it wouldn't allow that. You are saying it would be more realistic... Let's be honest, SP is not a bank system simulator. That has nothing to do with the game and it would be useless.

C.A. Peñarol · Post by **C.A. Peñarol** » Sat Aug 23, 2008 7:38 pm

It would help new managers such as OP to pay off their loans, sometimes it's hard for managers to get 2.5M all together at once.

It doesn't bother me because I don't need to and never going to take out a loan again, but it would help many managers that see themselves struggling in loan repayments, thus when this happens, they quit the game or end up getting a new team. Maybe if we had options to pay upfront 25% and 50% of the loan at a time, instead of all of it upfront.

jamiehutber · Post by **jamiehutber** » Sun Aug 24, 2008 3:30 pm

ye i'd aggree. My mate was dying under the strain of having to repay loans. In the end he had 2 days till he lost his team but luckily he had time to get another loan. Although it doesn't help much does it.

golffor1 · Post by **golffor1** » Sun Aug 24, 2008 7:26 pm

The only reason I say this is because I took my loan amount out...then didn't know how much money I would owe each week, which seemed like a lot-(53,241.00). I then paid off my loan right then, loosing some money. Then figured I could survive and then took out another loan. If I could pay some of it back I would. Currently I owe close the original amount of my loan 2.5M, right now I have 1.16M dollars left in the bank. If I could I would pay back 500,000 of loan and try to survive on what I have. Most of the season i survived on about 500,000.

BTW thanks for listening to my suggestion(s).

tikI · Post by **tikI** » Tue Aug 26, 2008 9:15 pm

I would suggest sending a "youth" player early in his 17's-18's directly to the bank whenever the bank is dealing with a crysis regarding its staff as a method of paying a part of the loan. We should receive a message like "Player X got promoted from the youth center but wasn't good enough to become a professional football player so he got sent to the bank as a doorman, thus repaying $250.000 of the initial loan"

SoccerProject

Suggestion: Pay off part of your loan early

Suggestion: Pay off part of your loan early

Re: Suggestion: Pay off part of your loan early