Jack McColl’s Credit Stacking Review: How To Access High-Limit 0% Interest Credit - Ippei Blog (2024)

Credit Stacking is a credit stacking course by Jack McColl that teaches you how to do credit stacking without hiring a credit stacking company. This will ideally allow you to achieve high-limit credit funding to invest in your business. For a new business, credit stacking allows access to a large unsecured credit line. This allows greater finance compared to individual business credit cards, which only gives access to limited funding. It is estimated that about 85% of business credit applications are denied.

Customer reviews for Credit Stacking on Trustpilot and BBB are mostly negative, with a 2.8 score on Trustpilot and a C- on BBB. The one positive review praised the multiple coaching calls, while most of the negative reviews complain about the lack of results with credit applications and unwanted charges. This Credit Stacking review will go through the strategy, what you get with the course, and who Jack McColl is, and what his claims are.

Credit stacking is a high-risk, high-reward strategy to build funding that takes a lot of planning and discipline. If your business does not do well enough to pay off the debt, you risk ruining your credit score and being buried in high debt. Start with low-cost, low-risk business models instead, such as local lead generation, to ensure you have a steady cash flow.

1. Startup entrepreneurs who need credit to start a new business but do not qualify for startup business loans. You need a credit score of at least 650.
2. Business owners who do not qualify for business loans or credit lines. Businesses with low revenue often find it hard to qualify for business loans or credit lines.
3. Entrepreneurs who do not have assets for collateral to apply for business loans. You do not need collateral to make use of the Credit Stacking strategy.

1. Bank relationship managers will still approve business credit based on your application and credit history regardless of their relationship with Jack, simply because their job and their reputation are on the line. Banks need assurance that the credit card debt will be paid and on time and high-limit 0% interest business credit are reserved for the ideal clients.
2. The 0% interest rates are offered in the introductory period of being approved for specific business cards. 0% interest rates only last 9-20 months, after which you will start incurring interest. The point of credit stacking is to max out your high credit limit for maximum capital, so when the 0% interest rate is over, the interest will be quite high.
3. If the cash flow of your business does not cover your credit card payments, you risk ever increasing payments as you incur late fees, and high interest rates once the 0% interest rate runs out. This can lead to financial ruin or, in the worst-case scenario, a debt collection lawsuit.

Credit Stacking is a legit course. However, the high cost of the course that is meant for people already looking for funding becomes a concern. Credit Stacking does NOT guarantee approval of your credit applications. Alternatively, you can work with a credit stacking company that only charges you for approval. Credit stacking companies often charge 9% to 11% of the approved amount. This is a high price to pay to guarantee approval, which becomes another risk.

Most of the information in the Credit Stacking course can also be found online for free. You can learn how to do credit stacking without adding more debt to your name. If you need help to fix your credit, working with credit repair companies will cost a fraction of what you are charged for the Credit Stacking course. You can also try other low-cost methods of fixing your credit, such as piggybacking. This is done by building your credit score as an authorized user while using someone else's already approved card. Piggybacking credit is legal. Under the Equal Credit Opportunity Act, a bank cannot deny authorized users on using existing credit accounts.

Local lead generation is a low-cost business model that creates passive income. You can start this business with as low as $500 in initial investment and earn as much as $2,000 a month of predictable passive income. You don't need to apply for a business loan or multiple loans that you will be paying for in the long run. Local lead generation can be a great risk-free way to build capital to invest in your business or even become your primary source of income.

To simplify, you create and rank a site on Google using free tactics like SEO, then rent it out to local businesses. These businesses will benefit from the customers who will find them using Google and will gladly keep paying you for the organic leads your site brings in.