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Worldwide Loan Club Review Is This a Scam?

There is a lot of buzz going around about the Worldwide Loan Club and Team Build.

Our first impressions in this review are not good.

According to their site this is how it works.

You pay a one time processing fee of 99.00 and then refer two people and they of course have to pay the application and processing fee also within the first sixty days. Once you have your referrals and they have paid the fees you request your loan of fifty dollars and it doubles until your sixth month when it is then 1600.00 dollars. And then every month it increases by five per cent. It then goes on to say if you can’t live off or want to make much more you can create more “business centers” so then everything starts all over again. They encourage you to show goodwill by paying other members into the program. Guess who receives these fees?

Also they claim on the website this is non- taxable income. Huh?

We are sure the IRS will think otherwise.

World Wide Loan Club acts as if it is a lending institution or a bank. Have you ever seen a bank that requires you to refer two people?

Have you ever had a loan before without the lender running a credit check?

There is no contact information on the site that we can find or the owners name.

The website says “We are not a pyramid business, multi-level marketing business, matrix business nor a ponzi.”


When you find a that says that you better steer clear and don’t walk but RUN away.

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There is no doubt in our mind this program is a scam and this ponzi will collapse.

But, you will have to make up your own mind and use your best judgment.

One word of advise, don’t invest the car payment or the rent on the Worldwide Loan Club.

Regards,

Charles & Susan

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P.S. Do you want to see how we made $14,000.00 Dollars In One Month?
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About Charles & Susan Truett (141 Articles)
We are Charles & Susan Truett from East Tennessee in The Smoky Mountains. We have been online marketers for about ten years. We like connecting and helping folks so feel free to connect with us. Thank you for visiting.

3 Comments on Worldwide Loan Club Review Is This a Scam?

  1. Teodor Muntean // September 15, 2008 at 10:42 am // Reply

    Wise advice! Thank you.
    Teodor

  2. We see now that they are down for some maintenance
    and a new admin. This program is now history.
    Check out the update on the homepage.

  3. Teodor Muntean // September 16, 2008 at 9:02 am // Reply

    I see it. Bad for those who put money in wlc admin’s pocket!

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