{"id":220,"date":"2017-01-30T21:40:22","date_gmt":"2017-01-30T21:40:22","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=220"},"modified":"2017-03-23T02:30:09","modified_gmt":"2017-03-23T02:30:09","slug":"passive-loan-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=220","title":{"rendered":"Passive Loan — Review"},"content":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore!<\/strong><\/p>\n

Passive Loan<\/a> is a very unusual HYIP! First of all, it talks about \u201cloans\u201d rather than \u201cinvestments.\u201d Rather than make an investment with the company, you loan them some money. Rather than earning interest on your investment, you earn interest on your loan. Same thing. So, in looking over the Passive Loan<\/a> website, it might be more familiar to you if you substitute the word, \u201cinvestment,\u201d wherever you see the word, \u201cloan.\u201d It took me a little while to \u201cget\u201d this. Once you do, everything is OK.<\/p>\n

There is another very unusual thing about Passive Loan<\/a>. It is so unusual that I suppose you could consider it to be amazing! Perhaps there is even magic involved\u2026<\/p>\n

Every HYIP out there always claims to have a highly profitable business behind it that generates the revenues that are required to pay the high interest rates the programs offer. Of course many of these businesses are imaginary. The typical HYIP manages to pay these remarkable returns from the deposits of new investors. So, while such a HYIP is growing and there are a lot of new deposits, everything is rosy. However, when the stream of deposits slows down, it becomes impossible for the HYIP to pay the returns that are due to its investors. So, the HYIP crashes. Usually, the company is \u201csmart\u201d enough to close its doors and fade into the sunset while it is still ahead of the game. Of course, many of their investors aren\u2019t too happy when this happens. And, this is what the whole HYIP game is all about. You hope to make a profit from your investment before a program crashes. Well, many programs last only for a few weeks. Some last for months. A few survive for a year of more. These are the few programs that might, indeed, have a real business behind them. Investors always hope that they will be putting their hard-earned dollars into these few more of less solid programs. This is the carrot that keeps fans of HYIPs coming back for more.<\/p>\n

When we review a new HYIP here at Emily News<\/a><\/strong>, we always give it the benefit of the doubt. We assume that its claims to being associated with a lucrative business are legitimate. Like our readers, we truly hope that each HYIP we review might turn out to be one of the rare ones that become real money makers for its investors. This is why you will rarely see us express doubts about the chances of survival of the HYIPs that we review. But what if a HYIP doesn\u2019t even pretend to have an external source of income to support the interest it is paying its investors?<\/p>\n

This appears to be the case with Passive Loan<\/a>. Its website states that it generates funds \u201cby allocating massive inflows of funds caused by external force of the ever growing demand for passive lending, along with the existing ‘seed’ reserves inside our collective lenders pool. Using those sources it’ll always try to supply any previously queued loan obligations and it won’t stop processing inquiries for as long as there’s demand.\u201d Admittedly, this complex statement is a bit hard to understand. However, it seems to say that there is a \u201cmassive inflow of funds\u201d from new lenders plus \u201cseed reserves\u201d (existing loans from previous lenders) that are used to pay off \u201cqueued loan obligations\u201d (interest to people in line to receive interest payments). In short, they are saying that they will use money from new lenders to pay off interest due to older ones. This is the definition of a \u201cPonzi scheme,\u201d named in honor of Charles Ponzi who was the first to use this approach on a very large scale in 1920 to successfully make a LOT of money — before he was finally shut down.<\/p>\n

And this is why I have said that the owners of Passive Loan<\/a> must have some magic up their sleeves. There must be more to this HYIP than meets the eye. I hope the Admin of this program will come forward and explain his tricks to us\u2026<\/p>\n

But, enough about Ponzi\u2019s and magic. Let\u2019s take a look at the \u201cloan\u201d programs offered by Passive Loan<\/a>.<\/p>\n

Their default program pays 5.2% daily interest for 30 calendar days. So, after 20 days, you will have earned 104% of your initial loan and will have broken even. Passive Loan<\/a> says that you are \u201cseeding\u201d your loan in this period (remember that they also say that this seed money is used to pay off interest to earlier lenders!). For the next 10 days you will be earning profit, a total of 52%. So, your total income for the entire 30 day period is 156%. Since this includes your initial \u201cloan\u201d amount, your profit for the 30 day period is 56%. However, Passive Loan<\/a> charges a 5% management fee on withdrawals. So, your net profit is 151%. As an example, if you had invested $100, you would have gotten back $151 by the end of the 30 day period. The minimum \u201cloan\u201d for this program is $25 and the maximum is $100,000. That should suit just about everyone.<\/p>\n

Passive Loan<\/a> also offers a \u201cTrial\u201d program. It runs for five days and pays 107% at the end of that time period. In this case, your $100 \u201cloan\u201d would yield $107 at the end of five calendar days. However, because of the 5% management fee on withdrawals, the net income on this program is only 2% — extremely small by HYIP standards. This type of loan probably doesn\u2019t make too much sense unless you would simply like to get used to working with the Passive Loan<\/a> website for a short while before committing yourself to their default 30 day program.<\/p>\n

Although \u201cloans\u201d to the Passive Loan<\/a> programs will be posted immediately, withdrawals are another story. According to the website, withdrawals \u201cusually take several hours, but there is no limit on how long it may take.\u201d Also according to the website, the length of time depends on \u201cthe size of the lenders capital pool.\u201d This can be interpreted to mean whether or not enough new lenders have signed up to provide funds for the interest that is due to you. This is a serious \u201cred flag\u201d and I regard it as a confession that the program does indeed depend on additional new loans for its survival. The implication is that, as the number of new \u201clenders\u201d decreases, the time for funds to become available to pay interest will increase. Gradually, the time will become so great that the program will die. Even though this is a bleak outlook, I admire the folks at Passive Loan<\/a> for at least implying that his might be the case. The minimum withdrawal permitted is $2.50.<\/p>\n

It is also possible to earn income from Passive Loan<\/a> by means of its Affiliate Program. As described in the website, the Affiliate Program is about as easy to understand as the loan program — which isn\u2019t very easy. Basically, it appears that, on your first level, you can earn 5% of the referred loan if it is less than $250. Between $250 and $2,500, you can earn 8%. And, above $2,500, you can earn 10%. It looks like, for all referred amounts, you will earn 2% on loans in your second level. These are incentives based on the size of the loan by people you refer. It is also possible to earn a referral Bonus based on the Number of people you refer. It appears that these can be quite lucrative. However, the numbers of people that you must refer to get the bonuses is quite high, 100 or greater. Finally, like many other popular HYIPs, Passive Loan<\/a> has a Representative program. For those of interested in this sort of thing, please see the website for further information.<\/p>\n

Passive Loan<\/a> has a slightly better than usual selection of payment processors: Payza, Perfect Money, Payeer, and Bitcoin. Contact is by means of a contact form only. There is no phone or chat contact capability.<\/p>\n

In summary, in light of the fact that, by its own admission, Passive Loan<\/a> has no source of funds to support its interest payments other than deposits of new lenders, it is difficult for us at Emily News to recommend this program. Perhaps, if you are extremely adventurous, you might want to try your luck. Passive Loan<\/a> has been active for a week or so now. If you think it will be around 30 days from now (or at least 20 so you will break even!), possibly you might want to become one of their \u201clenders.\u201d<\/p>\n

**********************************************<\/p>\n

The admin of Passive Loan<\/a> has responded to this Review.\u00a0 You can read his response here<\/a>.<\/p>\n

You can find additional Details on the Passive Loan<\/a> program here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore! Passive Loan is a very unusual HYIP! First of all, it talks about \u201cloans\u201d rather than \u201cinvestments.\u201d Rather than make an investment with the company, … Passive Loan — Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","exalt-entry"],"yoast_head":"\nPassive Loan - Review - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=220\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Passive Loan - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This is \u00a0SCAM project already! Do not invest there anymore! Passive Loan is a very unusual HYIP! 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