PowerLoan Review – Good Opportunity Or Big Scam?

PowerLoan ReviewRecently, this business has been getting a lot of attention.

In fact, there is lots of hype and buzz going around including people pitching it left, right and centre.

I’ve noticed a lot of people pitching it on social media.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my PowerLoan Review so you can learn the full truth about it!

Is the business legit or a scam?

Does it deliver on it’s promises?

I explain in my Review of PowerLoan before you.

Let’s get started.

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What The Heck Is PowerLoan?

On PowerLoan’s website, you won’t find much of anything in regards to background data.

No matter how much you choose to look around, there isn’t any mention of who owns the company, where it’s located, when it was founded, or anything along these lines.

PowerLoan’s domain name (powerloan.io) was officially registered on January 22 of this year, but since the registration was done privately, it’s impossible to see where this took place or who the owner of the domain is.

It is mentioned on PowerLoan’s site that “Johan” is the company’s CEO, but seeing as how there’s no other data on the person aside from the mention of their name, it’s likely that they don’t actually exist.

Aside from that, there’s literally nothing else to speak of in regards to PowerLoan’s background.

PowerLoan Scam

What Are The PowerLoan Products?

Keeping with the trend of disappointment, you won’t find anything when looking at PowerLoan’s product line.

No goods or services are being sold or marketed to retail customers, and as such, you won’t find any trace of retail sales activity.

The only thing affiliates can offer to non-affiliates is the membership itself, and the main draw to this is the bundled income opportunity.

Product lines are absolutely essential to any MLM business, so the fact that PowerLoan doesn’t have one is a big red flag and a strong indicator that it’s operating in an illegitimate fashion.

What About The Compensation Plan For PowerLoan?

Speaking of the income opportunity that PowerLoan has, affiliates for the company must invest in POWL points that are pre-generated by PowerLoan’s owners.

These points can be purchased from 50 cents to $1.10 per point, and after an affiliate acquires so many of them, they’re then eligible to earn on a daily ROI. There are three “packages” affiliates can choose from for their investment, each working out as follows:

  • Package A — Members earn up to 1.5% for a total of 60 days
  • Package B — Members earn up to 1.5% for a total of 90 days
  • Package C — Members earn up to 1.5% for a total of 180 days

PowerLoan is also running a unilevel system through which referral commissions are handled, allowing affiliates to earn additional income as they recruit more and more people into the company.

What’s The Cost Of Joining PowerLoan?

PowerLoan does allow people to join for free, but doing so will limit you to earning on just referral commissions.

In order to earn on these and the ROI being offered, you’ll need to invest at least 50 cents into the POWL points.

So, Is There A PowerLoan Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a PowerLoan scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?

Is there a PowerLoan scam going on or is this legit?

Well, to be honest, PowerLoan is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

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Finally, My PowerLoan Review And Conclusion!

Per PowerLoan’s website, it’s able to generate money thanks to —

“Investment in businesses targeting consumer grade renewable energy technology and smart home technology … (and the) creation of tokenized green energy and technology blockchain, where tokens can be utilized to procure services from green datacenters and e-services.”

That may sound fine and dandy at first, but in reality, none of the above claims hold any value.

Since PowerLoan doesn’t have a product line, newly invested funds are used to pay off ROI liabilities that are owed to other members. This means the company is operating as a Ponzi scheme, and like we usually see, the anonymous admin will profit the most while everyone else is left to lose out.

Ponzi schemes are pretty common in the MLM underbelly, but that doesn’t make them any less dangerous. Lost funds and headaches are guaranteed if you choose to join PowerLoan, and as such, I can’t recommend anyone get involved with it.

Hopefully, you have found my PowerLoan Review useful.

I wanted to give a lot of details because there have been other reviews of PowerLoan which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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