Post by Josh Freer on Jun 10, 2016 3:34:09 GMT
Cumulus is a for-profit organisation owned by a group of individuals and managed by Josh Freer in his position as Managing Director.
There is currently two branches of Cumulus. Cumulus Financial Services and Cumulus Resource Holdings.
Cumulus Financial Services
The two services we currently offer under Financial Services is Loans and Bonds.
Loans
All loans have a 9% weekly compounding interest rate attached with no repay date assigned. However if the loan is below 20mil you may be declined or given a flat interest and a repay date.
For loans with compounding interest. When the loan is first taken out you will be charged an initial half interest. So it would be 4.5%.
If you took the loan out before Monday morning then you will need to repay at least that initial half interest by the following friday.
If however you took the loan out after monday and before the following Friday you will need to repay at least the initial half interest the friday after.
Then you will be charged the second half interest day after you should have repaid.(Saturday) You must repay this by the following Friday. This then repeats with you being charged the full interest rate this time. This carried on until you repay the whole loan amount.
If you have a flat interst then you will be charged a minimum amount of 1 million interest once. You will be given a repay date that is approximately 3-4 weeks after receiving the loan. If you do not repay by this date and do not give a valid reason to Josh Freer then you will have additional interest added and further action to retake the money may be used.
Terms and Conditions apply. See at bottom of post.
Bonds
What is a bond
When you purchase a bond you send us money to use as we wish for the given amount of time we have negociated. However weekly(Saturdays) we send you some money back. This is at a set interest rate and earns you some money while we keep the principal amount.
After the time expires or if we call you bond(Details below) you will be sent the full amount and that weeks interest.
When you purchase a bond we will discuss the interest rate and mature date. The interest rate is typically 5%. The mature date depends on the amount of income we have at that point.
You must agree that you cannot request the money back and you will only be sent the interest for that week. However Cumulus hold the right to call your bond. This means we do not need the money at that point and can send it back to you with the interest for that week.
Terms and Conditions apply. See at bottom of post.
Cumulus Resource Holdings
Cumulus Resource Holdings trades in resources for long term and short term investments. This branch does not normally deal with trades with public however we may consider offers. However they would need to be at a low price compared to current market values.
1. Cumulus holds the right to refuse any loan. It does not have to provide you with a reason.
2. Cumulus holds the right to refuse any bond. It does not have to provide you with a reason.
3. Cumulus holds the right to refuse any resource transaction. It does not have to provide you with a reason.
4. You agree that if you become inactive (Active over 7 days ago) you give Cumulus permission to pursue actions against you nation to retake any money that you have.
5. Terms and Conditions may be added at any time without alerting customers to them.