NewU Financial Review – Legit Credit Repair Opportunity or Scam?
Welcome to my NewU Financial Review!
This is one of the latest businesses to pop up in the MLM space, so I decided to check it out for myself.
Chances are someone approached you about the business opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Find out if this is legit or a huge scam!
NewU Financial Review – The Company
NewU Financial specializes in the financial services MLM niche and has an address in the USA.
NewU Financial address is:
- 14 Wall Street 20th Floor
- New York, NY 10005
- United States
- Phone Number: 1-(833)-991-2274
Co-Founders of the company are no other than Jeff Long and George Wilson.
In the past, Jeff was the founder of a company called AutoXten in 2011.
After that, he launched something called SMS Dailies.
2015, Get paid Social was launched by Jeff Long and in 2017, 1 Online Business.
Fast forward to 2018, Luvv was launched, but didn’t do so well.
Wilson promoted Infinity2Global and Empower Network.
What is NewU Financial?
According to their website:
Headquartered in Manhattan, New U Financial is a privately held debt free sales and marketing company. We consult with businesses, individuals, and investors to create corporate lines of credit as well as joint venture partnerships. We have funded over $250,000,000 dollars to date and continue to strive for excellence on behalf of our clients.
Our goal is to consult you on the methodologies to wealth creation through our pragmatic training. Once you understand how to create corporate lines of credit, you will never be short of cash again.
By consulting you on how to secure money our aim is to persuade you to go into business with us to create passive income through joint venture projects. Through our consulting you will learn how to create a minimum of $50,000 a year for the rest of your life. (1)
Now you know about the company, let’s check out the products next…
NewU Financial Reviews – The Products
NewU Financial does have retail services because when you click on the register screen, you have the ability to be a customer, agent or both.
You get credit education and they show you how to business a business as well.
However, their main angle is to help you with your credit score.
NewU Financial Compensation Plan
Most network marketing companies have a unilevel compensation plan or Binary, however, they do it a bit different around here.
There is upline and downlines in the compensation plan, but the structure is completely different.
Instead of me trying to explain all of this, I found a video that explains everything well.
Note: This is down by NewU Financial so it will be biased.
Q & A Video Overview
Remember to watch the video all the way through to understand it better.
Cost To Join NewU Financial
NewU Financial membership is actually free, bu you can only earn 30% commissions on the $100 investments made by sponsored members.
To get be part of the full compensation plan, you must invest $100 at least.
The moment you have been waiting for inside of this NewU Financial review…
So does the NewU Financial scam exist?
This company is a complicated one.
On paper, nothing is wrong with helping people repair their credit score.
Tons of companies out there that do this.
However, NewU Financial is promising a 200% ROI return when you “loan” to the company.
Their work around for this is:
“We can legally offer this guarantee because we are paying back a loan with interest, not paying dividends on traditional investments”.
Regardless of being a loan or not, if you make any guarantees about “doubling your money”, you have to register with the SEC.
As of right now, this company is not.
Now obviously I am not a lawyer, but maybe you should check in with one before joining this company.
The concept is great, but this could be possibly committing securities fraud…
And I don’t want you to be in that mess…
I am shocked they haven’t talked to an attorney about this business model.
Anyway, I hope you enjoyed my NewU Financial review and if you have any questions, feel free to ask below in the comments.
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