It’s likely that you have come across Credit Star Funding through an email list, on social media or got it recommended by a friend or family member.
Is Credit Star Funding a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Credit Star Funding review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining Credit Star Funding. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of Credit Star Funding so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at Credit Star Funding that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: Credit Star Funding (CSF)
OWNER/S: Riccardo Ferrari
TYPE OF PRODUCT: loan based MLM
PRICE: $199 + loans, interest rates, generation fee.
SUMMARY: I believe that yes CSF is a scam, a pyramid scheme and a ponzi scheme. It’s not a legitimately run MLM businesses and it most certainly is not a trustworthy place to be borrowing loans from.
Firstly it’s not even registered with the SEC meaning it’s pretty much running a fraudulent business, the owner has a very shady past having participated to an extreme level and profited a ton by promoting a now shut down scam crypto coin and of course the plethora of other red flags such as the high interest rates, the poor crypto investments you’re asked to make, so on and so forth.
All in all, if you’re looking to make money online, offline, in space or whatever, CSF is a business I would suggest you stay miles away from because if you get burnt by this company, I don’t believe you’ll even be able to recover even within the next decade.
However, if you’re in the market for legit money making opportunity, my #1 recommended product is a training platform that can help you get started so yeah, check it out if you’re interested in something legitimate.
FINAL RATING: 0/5
RECOMMENDED: NO!!
Table of Contents
WHAT IS CREDIT STAR FUNDING?
CSF was founded in 2019 and from what I’ve gathered on it, it is quite the unique MLM. This is mostly because it operates as a loan shark institution per say which isn’t very common at all among the more. traditional product based MLM’s I’ve checked out on this site.
What CSF does is provide money to their members, upwards of $250k in some cases, and once a member has received the loan (usually through some deceptive tactics) CSF affiliates are told that their money will be invested in artificial intelligence(bot programs to be frank) where all your money will into cryptos in order to make you “thousands” .
In fact CSF claim you can make an extra 20 – 30% in revenue, which of course is an insane number. What makes this even more unbelievable is the fact cryptos themselves are among the most volatile investment opportunities in the world so expecting results of that caliber is… Well pretty darn ridiculous if you ask me.
That’s just the basics of the system…
You’ve got to admit, just from this brief synopsis the whole opportunity does sound too good to be true right?
Well sticking to that point and after doing a bit of research on the owner, I can tell you that it more than likely is. CSF’s owner is some guy called Riccardo Ferrari. This is an individual who’s worked with ponzi schemes in the past, namely Bitclub network.
This company was founded in 2017 and through it Ferrari claimed to have made $150k a week, of course in early 2019 this whole scheme got shut down (obviously due to the ponzi like nature of the business) and now Riccardo’s at it again, this time with a company of his own where he genuinely tries to have his members get loans through deception.
I’ll explain in more detail throughout the rest of this review but, you should keep in mind that in most situations, a ponzi schemer is very unlikely to change, whether or not it be their first, second or even fifth venture…
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HOW DOES CREDIT STAR FUNDING WORK?
So, at the release of this new brand Ferrari made a presentation talking about how a garbage credit score is something that needs repairing and naturally, through CSF he can help you do that and increase your score.
He makes quite a few claims within this video such as saying through his patented software, on which his services are connected to over 6000 banks, he’s able to file loan applications on your behalf within multiple banks, even if you have a bad credit score and can only apply for smaller loans.
Through this system, he says that he’d able to provide you with a $50k loan even if the amounts each bank would allow you to take out is $10k.
So, essentially he wants you to take out loans from other banks, pay the interest rates associated with the company and basically risk being in more debt if you aren’t already.
In essence CSF’s business model is that of a MLM, basically meaning you’d need to recruit individuals in to your unilevel team and get them to follow the same process. If they have a bad credit rating, first CSF will want you to repair it which can be done by taking out loans from CSF as long as you’re an orange tier ranked members higher.
It’s only after you’ve fixed this issue when CSF will want you to take out another loan and partake in their bot and crypto fiasco. So if you’re curious about where the money goes once you join their scheme, at the current moment there are 2 areas.
The funny thing is that before there were actually 3 different destinations however, one of the 3 collapsed and isn’t a legal entity anymore so… Yeah, the third investment was probably a ponzi scheme so I wouldn’t expect much more from the other 2 options.
The first of the 2 investment that your loan will be dumped into is a crypto currency called cloud token and the second is Credit Star Forex which is an inhouse investment opportunity (meaning it’s run by Credit Star Funding).
Neither of these two investments have any tangible value so I don’t understand why any one would want to invest in them. Hopefully you see why I’m highly against the prospect of investing in them.
HOW TO GET STARTED WITH CREDIT STAR FUNDING
If you want to join CSF, the first thing you’ll need to do pay an initial fee of $199 which is know as a commitment fee towards the loan.
Furthermore, when you get a loan you’ll also need to contribute another 22% generational fee. This is basically processing the money, where unlike normal banks where this fee will only be like 1 – 5%, CSF are clearly charging an astronomical amount, frankly speaking.
There’s also interest rates on the loans that can be between 9% to 18% and higher depending on your credit score. So yeah, if we just go off the amount the investment would make you, it seems like the profits in the end would still only be very minimal and that’s considering the fact the profits were meant to be really high from the get go.
WHO IS CREDIT STAR FUNDING FOR?
If you’re looking for any easy way to get money, whether it be because of your bad credit history or you’re just in desperate need of cash, I’d be highly against getting a loan from a recognised loan shark let alone CSF, a company that’s run by a known ponzi schemer and a very unreliable person to take advice from regarding making money legitimately.
So, in short CSF is something you should definitely not get a loan from because, well the company from all the signs I’ve noticed from it (I’ll list them down below) is highly likely to be a sham.

THE NOT SO GOOD THINGS
CSF Is Not Registered With The SEC
What this simply means is that CSF isn’t actually a legal credit company. By not being registered, the whole team behind CSF is actually committing fraud through the promotion of unregistered securities.
So, if you were to join whilst also partaking in the compensation plan, you could be legally liable under this section of the law.
Multiple Signs Of A Ponzi Scheme
Not only is the lack of registration to the SEC a big problem, CSF also showcase a bunch of other shady and ponzi scheme like motives. Firstly the manner in which CSF and Ferrari convince people to join their system is quite deceptive.
He plays with their emotions saying how he can repair your credit score yet the loans cost a staggering amount just to take out and upwards of an 18% interest rate afterwards. If you think this is something that anyone stumbling upon CSF could pay back, you’d be dead wrong.
Another red flag is the systems that Riccardo wants you to invest through his bots, namely cloud token and credit star forex. Both of these are literally intangible and valueless cryptos and systems so they’re very high risk investments.
Furthermore, in the past there was another crypto he wanted you to invest in, namely the bitclub coin Ferrari used to be making bank from. Obviously this was shut down (it was a ponzi scheme afterall) so, it’s very hard to trust CSF when it comes to increasing your back account value, I’m sure you can see where I’m coming from right?
The Owner Has A Shady Background
Lastly Riccardo is known to have worked within a ponzi scheme before, in which he claimed to be making around $150k a week (which is absolutely crazy) so, I really don’t think it’s a very good idea to essentially get in bed with a man that’s been involved in such a shady business in the past.
Moreover, even now his business isn’t much different when it comes to the deceptive methods he uses to bring people in and sell them on the idea of investing a large portion of their unfairly priced loans on shill crypto coins
THE GOOD THINGS
There’s absolutely nothing good going for CSF, besides maybe their website layout. From what I’ve seen of it it is pretty clean but, in terms of whether it’s a great business opportunity… It absolutely is not!
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IS CREDIT STAR FUNDING A PYRAMID SCHEME/SCAM?
I believe that yes CSF is a scam, a pyramid scheme and a ponzi scheme. It’s not a legitimately run MLM businesses and it most certainly is not a trustworthy place to be borrowing loans from.
Firstly it’s not even registered with the SEC meaning it’s pretty much running a fraudulent business, the owner has a very shady past having particapted to an extreme level and profited a ton by promoting a now shut down scam crypto coin and of course the plethora of other red flags such as the high interest rates, the poor crypto investments you’re asked to make, so on and so forth.
All in all, if you’re looking to make money online, offline, in space or whatever, CSF is a business I would suggest you stay miles away from because if you get burnt by this company, I don’t believe you’ll even be able to recover even within the next decade.
However, if you’re in the market for legit money making opportunity, my #1 recommended product is a training platform that can help you get started so yeah, check it out if you’re interested in something legitimate.
MY PERSONAL RECOMMENDATION
I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).
Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it over MLM based structures are because
– there is no need to recruit constantly
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding Credit Star Funding, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about Credit Star Funding and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil