SerenityLoans

Summary

This plugin allows player to player loans and also provides features that are similar to loans, such as credit and gift cards and interest-earning deposit accounts. It provides a plethora of features that support this behavior including default remediation, credit scores, loan sign shops and more. A full list of features is provided below. This plugin will be compatible with any Vault enabled plugin. If required, this plugin provides enough basic economy features to operate without a separate economy plugin.

UUIDs : This plugin is UUID compliant.

• Note: This plugin is undergoing initial development. Some features may change as development progresses.

Feature list:

• Player to player loans
• Interest-earning bank accounts (planned)
• Credit accounts (think credit card) (planned)
• Realistic (and configurable) loan behavior
  • Amortizing, bullet, fixed fee, interest only, etc. Loan types
  • Discreet or continuous compounding interest
  • Late fees, service fees, grace periods and more!
• Credit score system (planned)
• Lender trust system (to validate trusted borrowers) (partially implemented)
• Payment default remediation
  • Wage garnishment (planned)
  • Debt restructuring (planned)
  • Auction of debtor's things (planned)
  • Debt forgiveness
• Optional loan terms review by an auditor (planned)
• Non-player entities (towns, nations, banks) can borrow and lend (planned)
• Disclaimer message (planned)
• Event API for other plugins to hook into (planned)
• Works with Vault economies
• Internal economy (partially implemented)
• Multi-threaded
• UUID compliant

This system strives to be sustainable with minimal administrative intervention. Just like with real loans, this system does not guarantee that lenders will be paid. Borrowers can scam or go bankrupt, and there is potential for abuse. The credit score and lender trust features are essential in helping lenders only make loans that are likely to be repaid. Bankruptcy is possible, and there are ways to deal with it fairly and realistically.

Possible Future Features

• Gift cards
• Sign shops for mass-produced loans - use at lender's risk!
• Internationalization
• Collateral

Possible Usage

Loans can create endless economic possibilities. It provides something for players with a lot of money to do with their fortunes instead of hoarding it. It is possible to create a central banking system where the server administrator or king of a nation offers loans to banks to set interest rates and control inflation (like the Federal Reserve). This system also allows the creation of money without drawing from an infinite server bank. Players would be able to buy things that are normally out of reach, and property values could be increased since players could take out loans to afford them. All of these are just a few of the many possibilities. With some additional plugins, a full-featured banking economy could be sustained the way it is done in real life.

Help Wanted

If you are interested in helping to develop this plugin, let me know. We can use help in the following areas:

• Testers
• Graphic design
• Experienced java/plugin design

Donations are always welcome to support the effort. With enough encouragement, I will start to write those other complimentary plugins that I mentioned earlier.