LendConnect Review – Huge Scam Or Legit System?

LendConnect ReviewIf you’ve been paying attention lately, you’ll notice that LendConnect has been getting a lot of hype.

Because it’s new, it’s getting a lot of buzz and if you’re in an online business, I am sure someone will push it on you at some point.

It’s especially popular on social media at the moment.

I do want to let you know that I am NOT affiliated with LendConnect as a member or distributor.

My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my LendConnect Review.

Is LendConnect a legit business, or is it a complete scam?

Will I be able to build a business with it?

I tell you all about it in my Review of LendConnect.

Read below to find out more.

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What Is LendConnect?

When it comes to background information, LendConnect doesn’t have much of anything to offer. There isn’t any mention of who’s running the company, when it was founded, or where it’s physically based out of.

I can see that the domain name was registered on November 14, 2017, but even this is a dead end. The domain was registered privately, and as such, it’s impossible to tell who owns it or where the registration took place.

Background data is crucial when looking into new income opportunities, and the fact that so much is lacking from LendConnect really is a troubling sign.

LendConnect Scam

What Products Are Being Sold?

As for the product line, this is another area where LendConnect has some struggles.

There aren’t any goods or services being sold to retail customers here, and as a result of this, it’s impossible for retail sales activity to take place.

The single thing made available to affiliates is the affiliate membership, and as such, this is the only thing they have to market to non-members.

Info On The LendConnect Comp Plan

Looking at the compensation plan that LendConnect is offering, affiliates for the company are asked to buy LCT points from the company.

Points range in value from 60 cents up to $1.10 for a single point, and after affiliates get their hands on these, they must then lend them back to LendConnect so they can start earning a monthly ROI.

Investing more and more money will allow you to get a higher ROI, and the breakdown of the available investment levels is as follows:

  • Members that invest between $100 and $1000 earn a monthly ROI up to 155% for 120 days
  • Members that invest between $1001 and $5000 earn a monthly ROI up to 158.1% for 100 days
  • Members that invest between $5001 and $15,000 earn a monthly ROI up to 161.2% for 80 days
  • Members that invest between $15,001 and $100,000 earn a monthly ROI up to 164.3% for 60 days

Supplementing the money earned from the ROI is referral commissions.

Referral commissions within LendConnect are paid using a unilevel system, and this allows members to earn more money as they recruit other individuals that also choose to invest.

  • Level 1 recruits pay an 8% commission
  • Level 2 recruits pay a 4% commission
  • Level 3 recruits pay a 2% commission
  • Level 4 recruits pay a 1% commission

What Will It Cost Me To Join LendConnect?

If you’d like to join LendConnect, you can do so for free and earn just referral commissions. However, choosing to invest $100 into LCT points will allow you to earn on these and the offered ROI.

Any Truth To The LendConnect Rumours?

Any time a new business opportunity launches, you will always hear rumours about them being scams – so is LendConnect a scam?

From reading above, you might already be thinking LendConnect is a scam.

So, is it?

Is there a LendConnect scam, or is it legit?

To be honest, LendConnect isn’t a complete scam.

However, there are some red flags to be worried about, which I discuss in the conclusion.

See my tips below for helping to make money.

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And Now, My LendConnect Conclusion

According to LendConnect’s website, funds for the ROI come through “trading strategies.” These strategies are said to be “capable of influencing prices of the coins we choose”, and along with this, it’s said that the company has a trading bot and that “We have tested our bot and made even higher percentages than we could ever imagine.”

This might sound like a solid opportunity to some, but to me, it’s easy to see that this is nothing but smoke and mirrors.

There’s no proof that any of this exists, and even more, the only source of money that’s really making its way into LendConnect are investments from affiliates.

The use of newly invested funds to pay off ROIs is what we refer to as a Ponzi scheme, and for those that don’t know, that’s bad news.

Like all other Ponzi schemes, most everyone involved with LendConnect will end up losing out. Only the anonymous admin(s) will earn anything of considerable value, whereas everyone else will lose out.

Ponzi schemes aren’t something you want to be a part of, and as such, I recommend avoiding LendConnect at all costs.

I hope you have gained value from my LendConnect Review.

I have put all the details you need to know here, because all other reviews of LendConnect have been fairly limited with details.

If you do decide to proceed with LendConnect or any business, you’ll find my free training helpful – I will show you how to make money online.

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