Passive Loan Admin Responds to Emily News Review.
A few weeks ago, we published a Review of Passive Loan. As readers of Emily News know, we are dedicated to telling the truth — at least as we see it. Well, our Review was rather blunt and we were happy to receive a response to it from Matthew, the Admin of Passive Loan. Our thanks to him for taking the time to write. We have repeated his response below, unedited, so that readers may understand his point of view. We do not believe that it is appropriate to further debate the issues brought up in our Review and commented on by Matthew. So, readers, please always use due diligence when deciding how to proceed with this as well as any HYIP that we review in Emily News. We invite admins of other programs that we review to also send their comments to us. We will be happy to post them here.
Hi Emily,
I’m Matt the admin of PassiveLoan.com.
First of all thank you for taking the time and initiative to write a review about us. I’ve read it thoroughly and here are a couple of general points I wish to highlight:
Our only source of income is the 5% commission fee we take from each lender upon withdrawal of their returns or earnings. PassiveLoan serves as a platform which facilitate credit transactions between lenders (peer to peer) under agreed % terms.
According to common law we’re not operating as a Ponzi exactly or a typical HY program because we don’t claim to generate the offered % by ourselves or by other means of investment or by some sort of business activity. Instead the % of return offered on our site is the representation of prevailing demand among our participants. The % of loan return is the one they agree to remit between themselves where in a classical Ponzi all capital accumulates mainly on a top of a pyramid. The structure of our business works in a completely different way and the funds of everyone involved are not concentrated in our hands they are distributed rather moderately.
A Ponzi often disguise as a genuine business and defraud investors but unlike so many other illegal online based games, at PassiveLoan we never claimed that we have any investments nor any other source of income. Our allocation software (SmartDebt TM) simply distributes all available funds (as illustrated here) until nothing is there to distribute so in the absolutely worst case lender’s withdrawals would be ‘pending’ inside the system (never stolen or tricked like it’s suggested by the term ‘Ponzi’ and as traditionally happens in HY programs) until the pool of loans would be re-filled again. SmartDebt may also apply temporarily negative -% to stabilize the collective pool of debt until the next burst of demand arises (usually after 1-3 months).
During the initial stages of our development we’ve even imposed certain limitations to the maximum loan size allowed per account. Those limits allow us to be in sync with global demand instead of growing in debt unproportionally and they are dynamic.
Also and as you’ve mentioned unlike so many other online Ponzies we never obliged ourselves to a certain withdraw processing timeframe as it totally depends upon the people, the lenders of our platform hosts and we made it crystal clear and warned about it so people are perfectly aware about those facts.
We’ve put tremendous efforts into this project and I hope that this letter helped clear our intentions and showed how we’re different from so many other HY programs. We hope that you or anybody you ever introduce to us will learn about the way we do business, about our concept and the transparent nature of it.
I extend to you in advance with appreciation.
Thank you & warm regards.
Matthew S. Parlow,
Admin.
Passive Solutions, LLC.
************************************
You can find additional Details on the PassiveLoan program here.
