I had a massive disconnect with the way the game worked during the first loan. When the lady who came in said they make 6k a month and have 5k expenses, and wanted a $12,000 loan, I figured you're talking 1000 a month for 12 months at most
The thing is you ask for collateral after you decide on the amount of the loan, which is backwards. I decided to give her 10,000 instead of 12,000 and give her a little breathing room on the monthly payments. But then she only had a necklace for collateral. A 10,000 loan requires more than a necklace for collateral but that's all she had.
But what's worse, after deciding on the amount, and then deciding the collateral, you finally decide the interest rate and then lastly the term of the loan.
3 weeks was the longest I could offer her!
There's no way she's going to pay back $10,000 in three weeks! I just paid $10,000 for a necklace!
The only way you're going to play this game is with save scumming and frustration. You're going to have to make the bad deal first, figure out what the collateral and term is, and then reload to make the correct offer.
Nope.