PayPal = 3%
Bank Wire - contact EBL Support
Check = $5 for US, $15 for international, extra fee for special delivery
Direct Deposit to bank = TBD

You can see the most up to date info at this link, at least until the new website is up (I suspect the details will be maintained in the FAQ after that):
https://earnbyloaning.com/forum/viewtopic.php?t=219

Be sure to look at the 2nd page of the SD-IRA thread at EBL:

http://earnbyloaning.com/forum/viewtopic.php?p=724#724

-ePayDay

Chew on that for a while.

I’m working with a Self Directed ROTH IRA company to approve EBL as a company to loan money to in a ROTH IRA. If my SD-IRA company approves EBL, I’ll have the best DD I can do and will share in this forum if you all want to hear.

It will be a year before I receive a 1099-INT from EBL. I will share in this forum when it occurs.

Sharon, If it was not for Legisi, I would not have found EBL. I believe that Legisi is an honest, legit company. I have met with Greg McKight in Flint, MI and have been paid every month since Aug. 2006. Legisi support and performance speaks volumes and IMHO is the best HYROLer (High Yield Return On Loan) program out there. It’s my 1st and best program. They were in business before EBL a far as I know (Dec 2005).

I’m not a financial advisor so any advice you use based on my posts YOU DO AT YOUR OWN RISK.

I do accept and respect your opinion and I thank you for voicing why you have a negative opinon. That’s all I was asking for, your reasoning.

I agree with you, that one can never be 100% sure about any investment on or offline. Also, that you can’t rely soley on what most people consider as DD (whois information.) For real DD you’ve got to dig as deep as possible and digging is for any investment on or offline. For example, I put money in an offline Money Market that my financial advisor recommended. Within the first year, they had lost over half of my money. My funds were locked for 5 years and while they did continue to grow after that wipe out, I got 2/3 of my original deposit out at the end of 5 years. So, nothing is definite, except a bank savings account.

All we can do is get as much information as possible to either feel comfortable enough to invest or enough disdain to bypass it. The only thing someone shouldn’t do is invest blindly, just because so-and-so said it’s good. Do your own digging. If you still like it, then invest. If you don’t, move on.

Thanks for your insight!

JMO,
Sharon

I highly respect your opinion and the advice you give is pretty much advice that applies to any investment you make to build your portfolio.
I even have friends I know who have lost money in property.
It’s good to be cautious, it’s out natural defence mechanism.
If people do not have the right frame of mind to look at other possibilities other than their JOB..then good luck to them and I am sure the world wishes them well.
Do your Due Diligence and decide wether it is good for you or not.
Remember..EBL welcomes all new members, but EBL does not need new members to survive.
Thanks for your thoughts Ross.
Have an awesome day.

I’m fully agree with the post of Ross: I consider this program as a hyip too cause the ROI is very high… meaning very risky! So this one is not safer then the other hyips. I answer to sharonsopinion also (below) so you’ll understand better my view.

sharonsopinion, you’re curious to know if my advice is based on something in particular or if it is because you asked questions about GPP, I’m promoting? There’s nothing to do about that! I said that your opinion about GPP is very welcome. But you have also to accept my opinion (as your nickname suggests) if you want to be FAIR. Again am sorry if my post sounds rude but concerning your program, you said they still don’t have a custom script and still unlicensed, you don’t have physical proof but you only believe it happened (is it enough to only believe and pray?) and you don’t know if Paypal investigated and approved them… I’ve read they still had to provide documentations of the business to PayPal. I warn ppl to be very careful before they decide to join cause there are still many things unclear and that you can’t bring the answers.

Another thing: You know that even with the best DD you are still limited in your search and you’ll always have someone to contradict your searches (as I see in the posts above), there will be always someone who would find something wrong that you didn’t see before so again you have to accept the different opinions.

You will never know for sure if a program is RELIABLE or NOT based on a DD only. On internet the admins - scammers or not - always remain anonymous and you can never prove at 100% if a program is a ponzi or not: you said yourself that PayPal will not confirm or deny whether a site is a ponzi so you’re not sure if it’s a Ponzi or not. In fact, you only believe this program will pay.

Again I’ll be on the side of the fence and advise ppl to think before they decide to join.

Ross.

Thanks for the explanation. According to what I’ve seen, Legisi started December 28, 2005 and EBL started February 10, 2006. Also, Legisi is going private, i.e. closing to new members June 1. That would seem to indicate a desire to limit deposits. But then again, I suppose that’s when you think the end will be. I’m on the other side of this fence.

But I did enjoy reading your review and share your enthusiasm for EBL.

Rico

I included Legisi as a comparison. It was started after EarnByLoaning and there have been speculations, besides my own, that it was modeled after EBL. I probably should have left off my opinion of Legisi, but then again I’m known for spouting off my opinion.

Legisi’s recently announced changes appear to be last ditch efforts to get new money and bigger deposits. History has shown that program after program have made similar changes right before the end. If they were not a ponzi, then they would have no need to make such a big grab for new money. If they don’t have an outside revenue source to support 12%, then they are not going to magically create one to support 6%.

By comparison, EBL would continue to survive if it never gets another deposit. Why? Because it has an outside source for generating revenue. It does not rely on new money nor ploys for grabs at new money. Why do I think this? Because PayPal audited and approved them for use.

So, that’s why I put the comparison in my review of EBL.

JMO,
Sharon

Rico

Secondly, it would be better if EBL can also accept Moneybookers or some other payment processors since not everyone can withdraw from Paypal (especially international customers). Moneybookers fees should be lower compared to e-gold or Paypal. International checks/cashier orders payments will be slow since they need to be sent out via snail mail…

1. I believe EBL is a terrific opportunity. One advantage is its relatively small size at just over $130,000 in funded loans. This will allow the traders to perform at their best.

2. You can preserve your returns in EBL by funding and withdrawing with checks. All you pay is a $5 withdrawal fee.

3. Overall, the review was well-written IMHO, but I think that inserting the suggestion that Legisi is a ponzi diminishes its credibility somewhat.

Rico

Rico

I’m curious if your advice is based on something in particular or if it is because I asked questions about GPP, which you are promoting? If it is based on something real, please share with us why you’re staying away and advising others to tread lightly?

I find it incredible that when ponzis, like the majority of programs, and potentially dangerous programs, like GPP, are introduced, people are cheerleading them like they are the next best thing. Yet, when a real and relatively low risk opportunity is introduced, the same people are ready to pounce all over it. Is it because the presence of a real program threatens the life of ponzis?

I do understand all of those that have posted concerns/questions and have stated exactly what they are worried about. Those issues can be constructively addressed. However, it’s difficult to understand a “stay away” comment with no basis behind it.

This article and my comments are not blindly cheerleading people to EBL. It presents facts and my opinion, which happens to be very positive. I understand and respect that not everyone shares the same opinion. (What a boring world we would have if everyone had the same opinions!) However, I do expect those stating a positive or a negative to also spell out why their opinion is one way or another, even if it is an “I agree with so-and-so.”

JMO,
Sharon

P.S. This is not an attack on you, rather it is a request to understand why your opinion is negative. Thanks!

Anyway as the minimum loan is low ($30), invest only what you can afford to lose.

They do not charge a deposit fee. On 2,000 for 30 days, you earn $300. If you withdraw everything after 1 cycle to egold, then it is $2116, which is $116 profit. If you withdraw to paypal, it is $2162, which is $162 profit. Both examples are exact and not approximate. I wouldn’t suggest a Bank Wire for amounts under $5K.

No, it isn’t as much as the ponzis out there, but it is significantly more than traditional savings accounts, money markets and CDs.

As stated earlier, you do not pay any fees, if you roll over to another loan without withdrawing. I suggest rolling for 2-3 months and then withdraw a portion of your profits every month or go for the longer term loans. For example:

Loan $2,000 for 30 days at 0.5% and get $2,300 in your EBL account after 30 days.

Loan $2,000 for 30 days at 0.5% and $300 at 0.3% and get $2,627 in your EBL account after 30 days.

Loan $2,000 for 30 days at 0.5% and $627 at 0.4% and get $3,022.24 in your EBL account after 30 days.

If you decide that you’re done and want to withdraw it all, then for your $2,000 you’d have $3,022.24 in 90 days. If you withdraw to e-gold, it woud be $2,780.46. If you withdraw it all to paypal, it would be $2,840.91. Profits of $780 or $841 for 90 days worth of loans is pretty nice, IMO.

JMO,
Sharon