The Worldwide Loan Club is a new one of a kind loan club that helps people get the loan amounts they need, without paying them back out of pocket. Also, because the dispursed payments come in the form of a loan all the money you receive in most cases is totally tax free as loans are generally not considered taxable income.

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The WorldWide Loan Club works like this: Their unique plan doubles your loan amount each month for the first 6 months, starting at $50.00 and reaching $1,600 by the sixth month. Therafter it only goes up by 5% per month to ensure your loan repayments never exceed your monthly dispursement from the club.

It isn't easy to comeup with a plan like that, especially since the club doesn't advertise in the traditional sense that brick, and mortar companies do. Therefore in order for such a plan to succeed, each loan club member is required to do a little work. However, it's not much work at all. By doing this work, they will be helping the club to gain more members thereby earning it's outside investors more profits … and more profits for them means more investment capital from them to fund the clubs loans disbursements thereby perpetuating the club's loan program for the benefit of all the members worldwide. So, without your help the world wide loan club wouldn't succeed as you are clearly a vital part of their marketing plan.

The Worldwide Loan Club is currently having great success, and thus is growing rapidly. Even some of the internet's top networkers are already on board with them. This phenomenal club is providing a new online opportunity never before seen which is financially helping people out the world over in these hard, and economically distressed times. You can take a look at the chart here showing you the monthly payments progression through the first three years. As you may have already noticed, the monthly payments never exceed the money you receive. This creates a constantly increasing cash flow that is never considered as income that is taxable.

Of course you may need to earn a lot more than $1,600.00 per month … that's why WorldWide Loan Club ( WWLC ) allows you to start as many loan plans as you wish but they also ask that you sponsor at least 2 new members for each loan center you request. Most people bring two people into the program as a gesture of friendship and then that person can sell or give 2 people into the program and not have to pay the $100.00 for theirself. This could be a great way to promote the plan and create good will among friends.

One of the first things that come to mind is, "If I get larger and larger loans, won't I eventually be paying out more than I'm taking in?" The answer is no. By growing your loans by 5% per month but only charging you 6% interest amortized over two years, your payments will never exceed your income and after two years you will begin to pay off one loan every month.

I recently also discovered they take a part of your interest payments, and purchase insurance on each loan disbursed … so should something befall a member who's receiving loans the loan debt is paid off in full by the insurance so as not to leave any debt to the members heirs. Not bad.

You can visit the WorldWide Loan Club here.

UPDATE: OK, WWLC has shut down now. Don't ask me why, but there are many reasons why such sites don't last long. At the meantime, you may browse the rest of the posts here about making money online, or subscribe and get updated later when I find a reliable replacement!

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