Loan

[sverdrupjahn75]

First off, I really love this game so far, reminds me of good ol' Jones. Anyway, I'm wondering, is it any way to get a decent loan? I've never missed any payment, my credit is good, but still the max amount I can get is an insult. I'd really like to get something more fancy than the $17-20 per hour office clerk job, and the university's prices are insane. Would someone be so kind to point me in the right direction, or do I just have to accept that the bank is useless, and simply work my butt off? :P

[PokingWaterGames]

Glad you are enjoying the game so far. So the loan amount calculation takes into account your current income and net worth to work out your borrowing capacity. The best way to increase your borrowing capacity is to increase your net worth, as the bank will lend you more if they are confident they can recover the loan from your assets in case you default.

The credit rating is just a multiplier on your borrowing capacity. So if the bank would normally lend you $1000 but you have great credit, they might lend you $2000 instead. If they would normally lend you $2 and you have great credit, they might lend you $4 instead. Insulting, I know

I do want to attempt splitting the degrees and diplomas into smaller chunks eventually, but there are other priorities for now.

[sverdrupjahn75]

Ah, so they basically double what I have in my pockets. xD Thanks, good to know I didn't miss something. It sure would be great if there would be smaller chunks one day, but take your time :)

[OzPol]

My question is how do you get your credit rating up? Can you do it by paying off loans? If so, can you get a batter rating by paying loans off early?

[RoxiSinister]

Over time your credit rating seems to go up if you don't miss paying any bills. Bills includes loan payments, rent, taxes, and anything else I have missed which shows up in "debt" at the bank or in the wealth dialogue. If you miss a few, it will go down. I haven't noticed that early payoffs increase the rating, but I wasn't looking for it either.

As for university/diplomas, they're really not that expensive. Pay close attention to the growth and inflation indexes at the top of your character window. It will effect the cost of things. Working at fast food you can save enough to take a half loan for the rest in about 2 years of gameplay, unless you're spending it all in the gym or restaurant, or going to sports events and concerts which are crazy expensive. If you don't want to take a loan, it will take a bit longer, obviously.

Or, you can just take a full loan. As long as you're diligent about attending classes, it will take you about 125 weeks to complete a University degree. Working part-time is your best friend while attending classes. Nobody said life would be easy! IIRC, it will give you ~170 weeks before paying the loan off begins, so you'll have time to find a better job and get some cash built up.