simrealist
patreon
PROGRESS UPDATE: Financial Center 0.2.0.0 - PT 1
🕑 Added 2020-12-23 00:54:46 +0000 UTCSo far, this upcoming Credit update to the Financial Center is progressing well! We had to nix adding in a Mortgage this go-around since we wanted to get the credit process's foundation right and we wanted to have a detailed foreclosure experience. We should add that in next year. This upcoming update will add unsecured loans and a simple risk assessment for both the customer and the bank by looking at the Household's debt-to-income, so you don't overextend your Sim financially.
Unsecured Loans are loans that are not secured by anything (real estate, a bank account, etc.), resulting in higher rates and limited loan amounts. In comparison, mortgages are secured by the applicants' personal residence, which the Bank can take if the borrower should default or is unable to pay the loan.
The above sneak peek of our progress highlights the new application for a loan screen where you can choose between in-house loans (SNB loans) or Scarlet & LittleMsSam's loan options. From there, you will be asked how much you want the loan for, and the mod will check how much debit a Sim has to pay each week to how much income they make. If it is within SNBank policy, they will be offered the amount they request, something higher, or something lower depending on their financial situation. They can also be denied a loan if they have too much debt. Future updates will also include a credit score system as a reason for loan denials.
Expect this update next month!
Comments
SimRealist
I wish we could easily add this, but right now I feel that this may take a whole update to do. But rest assured that we are thinking about how we can add this scenario.
Jooniper
Could we end up being able to play a homeless sim if they get foreclosed on?
Taylor S lee
Ok thank you
SimRealist
No not yet. We have to find a way to quantify income there.
Taylor S lee
I love it but will it focus around our sim having businesses too because my sim make money off her vet and retail
Driyah Bee
You are amazing
SimRealist
😂
Ruby Daniels
Poor Sims. They'll need consolidation loan options soon, and stimulus money to get out of debt, just as we do. 🤑
