Credit Star Funding is a company that would help you get the funds you need to start a business. If you have your eyes on this website and want to apply for a loan, then you are reading the right post that would help you know better about the program.
One of the most challenging aspects of operating or starting a business is the lack of funds. Many entrepreneurs are forced to drop and quit their businesses as they don’t have the required resources to run their firms.
Banks are reluctant to give loans to small sole traders or entrepreneurs, or people with bad credit scores. These problems are well understood by Credit Star Funding, who strive to help people overcome such challenges.
But doesn’t this whole program sound too good to be true? A lot is going on behind the scenes when it comes to Credit Star Funding, and before you apply for a loan, you need to read the review to understand what you are getting into!
Website URL – https://creditstarfunding.com/
What Is Credit Star Funding?
To start with, think of Credit Star Funding as an Internet Bank. However, unlike traditional banks, Credit Star Funding doesn’t require much documentation before dispatching loans.
The main idea behind the website is to help those businessmen who are unable to run their businesses either due to lack of funds or due to their poor credit score.
The website promises to give loans ranging from $50,000 to $250,000 to its members and even improve their FICO scores. The website promises to allow such loans, without asking for any sort of collateral.
The website also provides an investment opportunity where users can invest their money in order to earn a high return.
The money invested will be used to either fund other people who apply for a loan, or may even be used to trade in cryptocurrencies. The website claims to provide a return ranging between 10% to 25% per month.
How Does It Work?
To get started with the website, either as an investor or as a borrower, you are required to first sign up on the website. This is a fairly simple process and should take you just five minutes to get started.
After this, you may be required to submit certain documents to ensure that you are eligible for the loans. Then you are required to pay a commitment fee of $199 in order to start using the service.
Apart from this, you will be asked to pay 22% of the loan amount as the loan generation fee. The loan that you get, can further be reinvested in the website itself, to get high ROI and also to improve your credit (FICO Score).
Apart from this, users can also earn by referring others to the platform. Users are promised commissions of 1% to 2.5% for every loan referrals they make.
It is like any other MLM scheme where you have several different levels. However, the amount you earn at each level is not mentioned on the website.
The program is a typical MLM scheme where you would earn not just from your referrals but from the people your referrals hire as well.
The program seems to be making money by loaning money to people, which is done only after it has already taken 20 percent of the loan money from you.
Once you are given the money, you are advised to invest in another investment fraud, which is the Cloud Token Wallet. I must agree that the Cloud Token Wallet is one of the most famous scams that I have come across since there are so many companies that link to it.
Maybe they are all connected either way. You need to understand that this is just not the right way to get started with making money online.
1. The website works on a unique concept. It provides a small loan without any collateral(so that later they can lure you to invest in a fraud).
2. The loans range between $50,000 – $250,000.
3. The website offers investment opportunities with returns ranging between 10% to 25% per month.
4. It helps to improve the FICO Score.
5. The sign-up process is straightforward and doesn’t require much documentation.
1. To become a member, you are required to pay $199. On top of that, you also will be required to pay 22% of the loan amount as a loan generation fee.
2. The affiliate commissions range between 1% – 2.5% only.
3. The MLM tiers are not mentioned on the website.
4. The website looks dated and cannot be trusted.
5. There is nothing mentioned about the company, it’s location, contact details, or anything. Even employees haven’t been mentioned on the website, making it look a bit fishy.
Would I recommend this website?
The Credit Star Funding has a lot of dark history and comes with a fishy business model where you get a loan so that you can invest it in an investment fraud.
If you think that this opportunity can help you make more money online, then you need to understand that it is just not possible, period. There are so many things happening around this website that it is very risky to trust them.
Well, they even have an MLM system in place as well, so you can make money when you refer someone to this program. The MLM system is so deep that you might end up getting confused, and it is best avoided.
Even if you think you can earn money from the MLM system they have in place, you need to know that it is difficult.
Many people are aware these days about such companies, and they do read reviews, so expecting to make a sale by promoting the membership is going to be more complicated than you think.
Credit Star Funding is not the best way to make money online. If you are serious about making money online, then you should stay far away from MLMs.
MLM programs usually aim at fooling people and take money from them with the promise that you would make double or triple the amount. But one fine day they disappear with your money leaving no trace.
So, it would be better if you invested in learning Internet marketing from the basics so that you can make a consistent stream of money online.
If you are serious about making money online, then you can get started with affiliate marketing. I got started the same way, and I can say that it is probably one of the cheapest ways to get started online for a beginner.
The course I joined does not require you to have any coding skills, and neither do you need to have an inventory. You can get started at an introductory offer of $19 a month, and if you want a free trial, you get that as well!
The course that I joined to learn affiliate marketing was Wealthy Affiliate. One of the reasons I went for it was because it had worked for many people in the past, and it was affordable, so I had nothing to lose.
You can join in the trial period and upgrade to premium within seven days since it would just cost you $19 for the first month.
Inside the course, you would get a step by step training on how you can start your online business. The course is easy to understand and follow, apart from that, you would be able to get my personal opinion on your websites.
I could help you choose a profitable niche that can make money within 3-6 months. This might sound like a long time to make money, but that is how long it takes for any website to get off the ground.
You need to be consistent and put some effort into making money online. There is no ‘get rich quick’ scheme that works, and if it did, then everyone would be doing it, and no one would waste time working hard.
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If you have any questions about this course, then let me know in the comments below, and I would be happy to help!
If you want to share your experiences, then feel free to do so as it would help our readers.
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