Earn By Loaning
EarnByLoaning (EBL) is a private lending program where they borrow money from people on behalf of Quest Holding. The lender will then profit from the daily loan interest.
There is a major difference between EBL and typical HYIP investment programs. In HYIP investment, the Admin invest (if they actually do) your money on behalf of you. Regardless of what being promised, there is always a chance of losing your money in the investment. EBL on the other hand, borrow money from you. What they do with your money, is up to them. Since you are not investing, there is no way you lose the money. So unlike HYIP investment, the interest earning by lending your money to EBL can be guaranteed.
EBL also provide legal contact that will govern the loan. From what I learned, a few people have already consulted lawyers who actually agreed that the said contract is valid and can be used in court of law, if the need so arise. There, the guarantee for your money.
The thing that attracts me most about EBL is that they receive PayPal as a method of funding. Now, that definitely removed the possibility of EBL being a PONZI altogether (Not to mention that they are registered with Nevada Secretary of State).
The website is not much to look at. However, the good new is, they are in the process of migrating to a new server.
As for now, new registrations and loans have been suspended for a smooth transition. They will reopen sometimes in July. Hopefully they will come up with better looking site and custom made script.
Waiting.
There is a major difference between EBL and typical HYIP investment programs. In HYIP investment, the Admin invest (if they actually do) your money on behalf of you. Regardless of what being promised, there is always a chance of losing your money in the investment. EBL on the other hand, borrow money from you. What they do with your money, is up to them. Since you are not investing, there is no way you lose the money. So unlike HYIP investment, the interest earning by lending your money to EBL can be guaranteed.
EBL also provide legal contact that will govern the loan. From what I learned, a few people have already consulted lawyers who actually agreed that the said contract is valid and can be used in court of law, if the need so arise. There, the guarantee for your money.
The thing that attracts me most about EBL is that they receive PayPal as a method of funding. Now, that definitely removed the possibility of EBL being a PONZI altogether (Not to mention that they are registered with Nevada Secretary of State).
The website is not much to look at. However, the good new is, they are in the process of migrating to a new server.
As for now, new registrations and loans have been suspended for a smooth transition. They will reopen sometimes in July. Hopefully they will come up with better looking site and custom made script.
Waiting.
1 comments:
Umm, you may want to know that you are no longer permitted to mention the company or program's name anywhere on the net. Just thought I'd let you know before the admins find out, cause if they do you will be booted from the program.
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