Leave a Review Worthy Financial
Cool Product; Bad Interface
I really like the bonds - it’s an easy way to regularly save money, and the customer support is very friendly if you have questions. Cashing out is quick and painless too. The problem is the app. There isn’t one. It just opens your preferred internet browser and then you are at a web page. It’s clunky and there is no Face ID. They told me months ago an actual app was coming, but here we are. The kids at the high school down the street learn to create an app in 10th grade. It makes no sense that Worthy still doesn’t have an actual app. 5 stars for the product and customer service; 0 stars for the non-existent app.Show lessDon’t give them a penny. This is a scam!
I was an early investor of the first round of bonds. I thought they were great, until they started having liquidity issues. Now my funds have been locked up for a year with no communication from the company aside from an email on August 22, 2022 stating they were halting withdrawals of the first set of bonds. At this point, I don’t think I’m getting any of my money.
It is unbelievable that they are allowed to advertise that you can withdraw at any time, when that is very clearly a lie. The first round of bonds have clear liquidity problems, and I suspect that later rounds will struggle as well.Show lessPonzi Scheme, run away don’t walk!
Where do I begin, I have been a loyal Worthy investor for over three years, given them my hard earned money to earn a supposed 5% return (on paper) which I was told was securely backed by “tangible hard assets” from supporting local small businesses. I have paid taxes every single year (the past 3 years worthy has had my funds) for the supposed “5% interest” my bonds were accruing while being loaned out to small businesses. Originally they said bonds could be redeemed at anytime, now though, they have locked all withdrawals and are not paying back the funds that were given to them and they are in complete breach of contract.
So, not only have I lost money on paying taxes every year (on fake earnings they said I received), I do not have access to these funds anymore and they are not paying back my original principal.
This is a scam, do not invest your money with them. They should be criminally charged for this Ponzi scheme they are running.Show less