Where can I access my creditor and borrow 200,000?

[gammauser]

Hi,
on page 103 of the manual I came across the following statement:

You have access to a creditor who can lend you up to 200,000CR. If you take this option, anycredits you make will have 10% deducted at source until the debt is paid.





where /how can I access this creditor as I really want to get myself a Cobra MkIII? I have traded my way up to about 100,000 credits but I wouldn't mind sacrificing my 10% on income to get a cobra and use my credits to kit her out?

 

[XLA]

i believe this creditor will give you credit when you can not pay the insurance on your ship after you have destroyed it.

 

[parasemic]

As said above, it's only for the insurance payments. Also, you shouldn't buy a cobra until you got something like 150k over the price, so you can upgrade it properly.

 

[Corwyn]

i believe this creditor will give you credit when you can not pay the insurance on your ship after you have destroyed it.

That's correct, the loan is only available when you need money to pay the insurance. 200k is the max loan amount.

 

[FS3DPete]

Hi,
on page 103 of the manual I came across the following statement:

You have access to a creditor who can lend you up to 200,000CR. If you take this option, anycredits you make will have 10% deducted at source until the debt is paid.





where /how can I access this creditor as I really want to get myself a Cobra MkIII? I have traded my way up to about 100,000 credits but I wouldn't mind sacrificing my 10% on income to get a cobra and use my credits to kit her out?

Currently AFAIK the only way you can get access to a line of credit is when you are claiming on your insurance for a replacement ship. If your balance is insufficient to cover the rebuy cost of your ship, the creditor can loan you the difference up to 200k.

There isn't yet another way to borrow this money, and I have no idea if FDEV intend to add this as an option at a later date or not.

EDIT: Dang, I got Ryu'd!

 

[gammauser]

Oh ok - that's a LOT more hours I'm going to have put in then
It would be a nice feature in the game if other players could lend you money and you could pay them back (with interest) and if you failed to do so in a given time limit then there could be a bounty on your head to give you an incentive to pay it back...