There are smart ways of making money online. With the advent of cryptocurrencies, the bar has been reduced for some demography such as The Credit Limited which is offering their investors quick access to funds.
Nevertheless, what we have learnt in the past months is that when there is an interesting offer, it makes sense to cross-check it to determine that your funds are safe.
It is important to understand that investing digital currencies such as Bitcoin has its own risks which essentially mean that if the funds are sent to the wrong wallet or to a fraudster, the likelihood of getting them back is nearly non-existent.
The essence of this review is to take a background look at The Credit Limited to determine if this is a good investment for you.
What is The Credit Limited?
This is a site that claims to be owned by a team of professional fund managers. It states that it has been evolving in ways of making profitable investment to the benefit of the company and its investors and partners.
It also claims that funds invested with the company is safe as it has ensured that the investor is exposed to no risks and just profitability.
According to the site:
“We have built our system in such a way that any part of investment capital is able to make a positive influence on the company’s earnings and, consequently, on our partners’ profitability.”
Nevertheless, what we have realized is that sites such as this that claim that investments made with them are safe and that the investor should only expect profit are generally not reliable.
For starters, the site doesn’t explain exactly what the company does to make profit. It doesn’t explain how much profit it makes making its claims suspicious.
How Long Has it Been Online?
A Whois search shows that the domain was registered on August 12, 2019. This is less than a year ago, so we can conclude that this is a site that hasn’t built an online reputation to make it trustworthy.
Interestingly, the company claims to be registered in Australia by Australian Securities and Investment Commission (ASIC). A check at the agency’s database shows that the company was registered as The Credit Company and not The Credit Limited which the site claims as its name.
Also the company that was registered with the ASIC did so since 2000. It is doubtful that these are the same company.
Our conclusion is that a firm that has been listed since 2000 would not operate without a website for 20 years. It is possible that the entity behind The Credit Limited intentionally registered a similar name with the intention to claim that it owns The Credit Company.
Who is The Owner?
You would expect that an investment site would at least name the owner of the company. This should be a minimum expectation of any investor since it makes no sense to send funds to people that you have no idea who they are and their ability to manage your investment as they promised.
Even though this is a site that claims that the firm has been registered with the Australian agency, it did not mention the owner of the firm. With the discrepancy in the name and age of the company with that The Credit Company, we can conclude that the owner of The Credit Limited intentionally concealed their identity.
This is a dishonest practice and no savvy investor would be deceived by such blatant deceit.
Is This A Realistic ROI?
It is not very difficult to identify fraudulent investment schemes. One way some of these sites attract the gullible is by offering profits that are higher than is sensible.
For instance, it is obvious that judging from the coin market, it is improbable to get a genuine investment that offers more than 30 percent per annum. Scam sites would offer that much in just a month or less to lure uninformed investors to buy their investment plans.
This is why investors are advised to avoid investment schemes that offer ROI higher than normal. If it sounds too good to be true, it most likely isn’t true. The Credit Limited investment plans are way beyond what is obtainable even from staking of digital tokens.
The minimum profit it offers is 2.5 percent daily. This is 90 percent of the invested capital in just one month. This is unrealistic and unrealizable. Anyone that sends money to the site would likely lose their funds.
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