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Dude
SFN Die Hard
USA
6891 Posts |
 Posted - 07/18/2008 : 20:43:53
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http://www.worldwideloanclub.com/index.php?id=1359
Click, laugh, then cry because you KNOW people are stupid enough to "buy" into this shit.
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Ignorance is preferable to error; and he is less remote from the truth who believes nothing, than he who believes what is wrong.
-- Thomas Jefferson
"god :: the last refuge of a man with no answers and no argument." - G. Carlin
Hope, n.
The handmaiden of desperation; the opiate of despair; the illegible signpost on the road to perdition. ~~ da filth |
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Edited by - Dude on 07/18/2008 20:44:35
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Kil
Evil Skeptic
USA
13476 Posts |
Posted - 07/18/2008 : 21:32:36 [Permalink]
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Oh fer cying out loud...
A pyramid scheme. And this one is a scheme that you must keep paying for!
I wish there was a way that we could mess with them.
Any ideas? |
Uncertainty may make you uncomfortable. Certainty makes you ridiculous.
Why not question something for a change?
Genetic Literacy Project |
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Dave W.
Info Junkie
USA
26020 Posts |
Posted - 07/18/2008 : 21:42:04 [Permalink]
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It's weird, alrighty.
After 36 months, they'll have given you $114,730.00, and you'll have paid them back $63,733.08, so your net gain is $50,996.92. If you were to quit at this point, you'll be paid off in 11 more months if you can afford the whopping $5,094/mo payment.
The interest they're charging on the loans is about 6% API (0.5% per month).
The real pitfall seems to be that after 36 months, your monthly payment is 73.69% of your monthly disbursement. If the trend I am seeing continues, after 78 months, a person would owe more per month than their disbursement, when they give you $53,655.85 but you owe them $53,715.83. At this point, your payment would be over 25% of your balance.
This is either really complex accounting, or I'm just not getting it. It's nowhere near as obviously dumb as the old PIPS claims of 2% interest per day, sustained. |
- Dave W. (Private Msg, EMail)
Evidently, I rock!
Why not question something for a change?
Visit Dave's Psoriasis Info, too. |
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H. Humbert
SFN Die Hard
USA
4574 Posts |
Posted - 07/18/2008 : 22:57:35 [Permalink]
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I love the made-up names they come up with. Check out this posting about complex money matters involving "Solidtrustpay" (that sounds solid and trustworthy) and "Intabill" (hmm, techy).[07/17/2008] Solidtrustpay and Intabill
Many of you have expressed concerns about the extended downtime of Intabill and SolidTrustPay.
To explain further, our credit card processor, Intabill has been forced to use a different bank to process its merchant payments. This switch has proved to be very time-consuming. We have been informed that the new system is up and running, however, certain software additions have to be tested by Intabill for normalcy before we can bring the system back online for everyone. This should not take long, but again, our hands are tied until they are finished with this process. When it is complete, this news item will disappear and processing will return to normal.
SolidTrustPay, who also uses Intabill, has taken advantage of this downtime to upgrade their website as well. This is why you may have seen their website go up and down over the past three days. If you cannot make a payment via their portal, which is integrated with ours, it simply means that they are making changes to their system. As of today, SolidTrustPay seems to be working fine, so you may continue using it. If you cannot make a payment through SolidTrustPay for some reason, there is no need to submit a trouble ticket, simply try again a bit later.
We will be adding a new backup processor very soon so this issue will never happen again. This particular news item will be removed when either Intabill corrects their problem or we negotiate a new one and card processing resumes.
Again, we regret the inconvenience this may have caused some of you, so deadlines have been extended and there is no need to worry about late payments.
Hopefully, all this will be completely resolved before the week is out and processing can continue as normal.
Have a great week!
The Support Team |
Solidtrustpay and Intabill, a.k.a. Peter and Paul.
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"A man is his own easiest dupe, for what he wishes to be true he generally believes to be true." --Demosthenes
"The first principle is that you must not fool yourself - and you are the easiest person to fool." --Richard P. Feynman
"Face facts with dignity." --found inside a fortune cookie |
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Ricky
SFN Die Hard
USA
4907 Posts |
Posted - 07/19/2008 : 00:41:42 [Permalink]
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From their Q&A:
Q.28
Who is everyone there in your office, and where are you located?
A.
This seems to be a question that pops up a lot. We have consulted with our attorneys and we have been advised not to release this sensitive information for some of the same reasons we had to put different parts of the entire business in different countries. We simply cannot predict what any determined government official from any country is willing to do to shut down a program that, while 100% legally constructed, is still frowned upon by certain segments of a population. Disclosing personal bio on the site or through any un-proxied emails makes one a target as plain as a bull's eye for the common "trial by ambush" tactic performed on network marketers in the past. If we want to make this program last and be wonderfully successful, we have to protect ourselves, our investors, and our customers' identities. Put this way, it made a lot of sense to us. It is for this reason we are restricted from revealing exactly which venture capitalist companies invest with us, where our offices are located, and who works in those offices. We apologize for having to have this information withheld, and hope you can understand our position. |
Whois:
Domain name: worldwideloanclub.com
Registrant Contact:
Anonymousspeech LLC
ANONYMOUSSPEECH ANONYMOUSSPEECH
1-3-3 Sakura House None
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Administrative Contact:
Anonymousspeech LLC
ANONYMOUSSPEECH ANONYMOUSSPEECH ()
50-5539-6801
Fax: 50-5539-6801
1-3-3 Sakura House None
Nakano-ku, Tokyo-to 164-0011
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Technical Contact:
Anonymousspeech LLC
ANONYMOUSSPEECH ANONYMOUSSPEECH ()
50-5539-6801
Fax: 50-5539-6801
1-3-3 Sakura House None
Nakano-ku, Tokyo-to 164-0011
JP
Status: Active
Name Servers:
ns1.cybercastco.com
ns2.cybercastco.com
Creation date: 27 Nov 2007 03:38:09
Expiration date: 27 Nov 2009 03:38:09
Version 6.3 4/3/2002 |
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Why continue? Because we must. Because we have the call. Because it is nobler to fight for rationality without winning than to give up in the face of continued defeats. Because whatever true progress humanity makes is through the rationality of the occasional individual and because any one individual we may win for the cause may do more for humanity than a hundred thousand who hug their superstitions to their breast.
- Isaac Asimov |
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The Rat
SFN Regular
Canada
1370 Posts |
Posted - 07/27/2008 : 15:20:42 [Permalink]
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| These schemes work on one simple principle - greed blinds people. There have been many people who work in the financial field, obviously who should know better, who have been taken big time by all sorts of get-rich-quick ripoffs. Some more than once. |
Bailey's second law; There is no relationship between the three virtues of intelligence, education, and wisdom.
You fiend! Never have I encountered such corrupt and foul-minded perversity! Have you ever considered a career in the Church? - The Bishop of Bath and Wells, Blackadder II
Baculum's page: http://www.bebo.com/Profile.jsp?MemberId=3947338590 |
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Im Cool Trust Me
New Member
United Kingdom
14 Posts |
Posted - 07/29/2008 : 04:12:55 [Permalink]
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| It's immoral to let a sucker keep his money. |
Dig your claws into my organs! Stretch into my tendons! Bury your anchors into my bones!
"Force, my friends, is violence: the supreme authority from which all other authority is derived. Naked force has resolved more issues throughout history than any other means. The common thinking, that violence never solves anything, is wishful thinking at it's worst! People who forget that always pay." |
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filthy
SFN Die Hard
USA
14408 Posts |
 Posted - 07/29/2008 : 05:07:03 [Permalink]
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Originally posted by Im Cool Trust Me
It's immoral to let a sucker keep his money. |
From Canada Bill Jones, arguably the best three-card monte grifter that ever lived, and an inspiration to us all! 
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"What luck for rulers that men do not think." -- Adolf Hitler (1889 - 1945)
"If only we could impeach on the basis of criminal stupidity, 90% of the Rethuglicans and half of the Democrats would be thrown out of office." ~~ P.Z. Myres
"The default position of human nature is to punch the other guy in the face and take his stuff." ~~ Dude
Brother Boot Knife of Warm Humanitarianism,
and Crypto-Communist! 
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astropin
SFN Regular
USA
970 Posts |
Posted - 07/29/2008 : 11:38:40 [Permalink]
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Originally posted by Dave W.
It's weird, alrighty.
After 36 months, they'll have given you $114,730.00, and you'll have paid them back $63,733.08, so your net gain is $50,996.92. If you were to quit at this point, you'll be paid off in 11 more months if you can afford the whopping $5,094/mo payment.
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So if you quit after 36 months your in the hole $5137.08 (including the $100 application fee......and assuming you never spent a dime of the $50,996.92 you received!).
You must maintain 2 active referrals or your loans end and you owe the balance.
Unbelievable
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I would rather face a cold reality than delude myself with comforting fantasies.
You are free to believe what you want to believe and I am free to ridicule you for it.
Atheism:
The result of an unbiased and rational search for the truth.
Infinitus est numerus stultorum |
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Ricky
SFN Die Hard
USA
4907 Posts |
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A load of...
