EarnByLoaning - earnbyloaning.com

[jlpicard]

I was actually extremely surprised that this program did not have it's own thread until now. It has been around for over a year, has a solid payment record and have several great reviews. Here is an interview with manager (Craig Jolly):

http://hyipblog.nobshyip.net/2007/04...ing-interview/

epaydayTG (on TG, epayday on nobshyip.net) reports that he just received approval from his self-directed Roth IRA custodian that EBL is eligible for them to fund. You can read about this here:

http://nobsnetwork.net/specific-hyip....html#post5248

Actually, the entire thread at nobsnetwork.net on this program has some excellent DD on it:

http://nobsnetwork.net/specific-hyip...aning-com.html

In fact, it probably the most well done DD on these kinds of programs I have ever seen. I just signed up for these guys and get the feeling that they may be as good as Legisi (which just went private).

Here are the details from http://www.earnbyloaning.com

EBL is a private lending program where WE borrow money from you through a Loan contract. We are the very FIRST company of its kind that uses actual contracts to make your money the safest it has ever been on the internet. There is no magic pill, or, slight of hand tricks to this. It's a very pure and simple process that some of the richest people in the world have done for over 100 years. There is only a small difference between you and those millionaires, and that is the fortitude to make the decision to make money and stick with your goal.

Earning thousands of dollars every year, month or week is the goal of any individual who wants to be able to afford life and all it has to offer us. Without a strategic plan in place and the will to stay with it, you will never achieve those life long goals you dream about.

There is one MAJOR difference between investing in other programs and lending to EBL. Most other programs we have seen offer unrealistic returns and DO NOT return your principle funding, They only give you the interest earned. (IF they pay at all) Then again, we have seen a few that do say they return principles. BUT, is there a written contract that quarantees this?

With EBL, we return your principle along with the rate of interest set in your contract. We are obligated to because this is a loan, it's not a blind investment. Hence, the required contract backed by the U.S. judicial system.

There is a distinct perception in this industry of scams, and rightfully so. The dishonest program owners DO NOT want you to find out about this program. WHY? Because they know they would lose your money and their opportunity to help you lose it.

Diversity is the key to any sound financial plan. A smart financial plan would include a secure and safe enviroment. That is what EBL is to you.

Ask yourself WHY you would NOT choose EarnbyLoaning.

So, Do you have what it takes to stay the course and follow your dreams?

What is living worry FREE worth to you?

To find out how we can help you achieve those dreams, click on the Signup button above to start your journey to financial freedom. Do it for yourself. Do it for your family.



Just added.
Recorded LIVE interview with the owner of EBL/Quest Holdings, Mr Craig Jolly.

Click HERE to listen.

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[jlpicard]

What makes this program really unique from other internet programs is the fact that there is a contract. This of course doesn't mean the company won't run into trouble, but it does mean that it is generally easier to recover assets when you have a signed agreement as opposed to not.

Although I'm not normally a fan of blogs, one that I came across while researching ELB I found it to be a good summary of points around a loan agreement. A little lengthy, but has a lot of good info.

http://hyipblog.nobshyip.net/2007/04...oaning-review/

The author points out another very interesting fact about EBL. Although EBL does not specify how they generate their profits, they had to disclose this to PayPal in order to get their authorization. The fact that these guys can accept PayPal speak volumes in and of itself.

BTW, they never accepted eBullion and they just stopped accepting egold. Besides PayPal, they accept wires and checks.

There payout isn't as sky high as a typical hyip ponzi, but from 10.5% to 16.5% per month is still awesome IMHO.

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[jlpicard]

Just dug up some whois info for EBL. Doesn't look like these guys have much to hide:

Business Information:

Quest Holdings Inc.
+1.(920) 382-8994 Phone
+1.(702) 216-2993 Fax
8 West 29th
Spokane, Washington 99203
United States
www.earnbyloaning.com
admin@earnbyloaning.com
Business Type(s):
Services - Financial Planning
Operating Hours:
Monday - Friday 7 PM - 5 AM EST.
Description: We are a private lending program where Quest Holdings Inc. borrow money from people through a Loan contract. We are a U.S. registered company registered in Nevada.

Registrant:

Kerry Miller sr
9203828994 Phone
4th Floor
Beaver dam, Wisconsin 53916
United States
admin@earnbyloaning.com

Registered Through:

Registered through: OrderYourName
Domain Name: earnbyloaning.com
Created on: 2006-02-04 13:31:21
Expires on: 2017-02-04 13:31:21
Last Updated on: 2007-05-08 23:37:24

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[Kosh]

Looks like you managed to find another good one, jlpicard. I'm beginning to think that all I really need to do is follow you around the forum to find the ones worth a look.

I've gone through the information in the links you provided in your posts and here's what I think are the program's high/low points:

High

1. They do have the signed contract between both parties spelling out the terms of the loan. One of the current members indicated that they had it reviewed by a lawyer and that it appeared to be valid and enforcible.

2. They seem to have a valid registration in the state of Nevada.

3. They have been approved for acceptance of Paypal payments.

4. They have a strong payout record.

5. Admin is known by name and is accessible through multiple avenues.

Low

1. Loan interest is not available to withdraw until the loan has matured and loan terms of 30 days are gone. So, if I want the max interest available, I need to loan for an entire year without ever having access to my earnings until the full year is up. That is taking on a considerable amount of additional risk, IMO.

2. From comments made on other HYIP blogs, it appears this program may be putting at least some of its money in OTC/BB stocks. These types of stocks are hotbeds for fraudulent activity, so I would be a little concerned if indeed they are putting money here to generate their returns.

Overall, I'd have to say this one does look pretty good, though. I will definitely consider putting money a little money here. Just wish they still had the 30 day option, though. But, I suppose I'd be ok with the 120 day loan.

Why isn't this thread in the current HYIPs folder? You would get much more traffic there.

[4loan]

Originally Posted by Kosh

.....Just wish they still had the 30 day option, though. But, I suppose I'd be ok with the 120 day loan.
.......

According to the admins, the 30 day loan option is only gone until about early to mid-July as they are updating the site software and needed to have little activity in the shortest term loans. From what I understand, they will be restoring the 30 day option

[jlpicard]

Originally Posted by Kosh

Looks like you managed to find another good one, jlpicard. I'm beginning to think that all I really need to do is follow you around the forum to find the ones worth a look.

I've gone through the information in the links you provided in your posts and here's what I think are the program's high/low points:

High

1. They do have the signed contract between both parties spelling out the terms of the loan. One of the current members indicated that they had it reviewed by a lawyer and that it appeared to be valid and enforcible.

2. They seem to have a valid registration in the state of Nevada.

3. They have been approved for acceptance of Paypal payments.

4. They have a strong payout record.

5. Admin is known by name and is accessible through multiple avenues.

Low

1. Loan interest is not available to withdraw until the loan has matured and loan terms of 30 days are gone. So, if I want the max interest available, I need to loan for an entire year without ever having access to my earnings until the full year is up. That is taking on a considerable amount of additional risk, IMO.

2. From comments made on other HYIP blogs, it appears this program may be putting at least some of its money in OTC/BB stocks. These types of stocks are hotbeds for fraudulent activity, so I would be a little concerned if indeed they are putting money here to generate their returns.

Overall, I'd have to say this one does look pretty good, though. I will definitely consider putting money a little money here. Just wish they still had the 30 day option, though. But, I suppose I'd be ok with the 120 day loan.

Nothing gets by you. I agree with 4Loan that this will come back, but if you consider Legisi, their standard loan was 4 months and this would feel normal for us. Besides, who wants to sign and send in new loan papers every month?

If the OTC rumor is true, my thought is that if one is a seasoned trader, you can manage risk in any market that you are trading with proper position sizing, proper stop setting and good money management overall. OTC stocks can be played profitably with the right strategy that takes advantage of their typically higher volatility. The real danger is that the low volume in this market can make it difficult to exit a large position quickly, but again, a good strategy should account for this contingency.

Originally Posted by Kosh

Why isn't this thread in the current HYIPs folder? You would get much more traffic there.

Thanks for yet another useful observation. I'll ping one of the admin's right now to see if I can get it moved.

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[lavanya318]

Originally Posted by jlpicard

... Besides, who wants to sign and send in new loan papers every month?

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Jlp, if you reloan the principal(and interest) at the same level, e.g. plp2-3, you need not send in new loan papers.

lavanya318

[hpagan]

Originally Posted by lavanya318

Jlp, if you reloan the principal(and interest) at the same level, e.g. plp2-3, you need not send in new loan papers.

lavanya318

This is true......I've been with EBL now for 3 months and so far so good......

[lavanya318]

Good to know that hpagan.

I have been doing DD on EBL for the past few weeks.

Clarified my doubts with Kerry/Troy of EBL using email as well skype support. Friendly people, prompt, patient and helpful in their responses. They are not looking out actively for referrals and hence I guess the low profile of the program.

lavanya

[karan292]

I find this Earn By Loaning program quite reliable , the fact that they are recognized by pay pal. I was also looking for some short term loans just as, EBL
is providing 30 day loan.