Originally Posted by AxelWolf View Post
Originally Posted by AxelWolf View Post
Originally Posted by MisterV View Post
Just curious...when you poker guys loan money to players what are the "terms?"
I have no clue what other people's terms were. In my case, it varied; there were many times it was just good for the game. Chances are, if someome is desperate enough to be borrowing money at a poker game, it's probably because they're on tilt and playing very badly.
Last year, I loaned out 30k to someone, and for each 6 months, I'll get an extra 3k. It's been a year so far.

I'm 100% positive I'll get paid back anytime I call in the loan, unless of course, God forbid, the person passed away, there are things in place in case that were to happen, but who knows on that aspect, I'm not 100% confident.

And if something were to happen to me, it would go to my wife.
How are you so certain you will ever be repaid? Do you vet these borrowers....is this a secured loan of some sort? Do you utilize notarized documents that ensure your wife gets repaid if something happens to you?

Trusting gamblers who need money? Doesn't sound "AP-ish".