Comments on: A new pyramid scheme: United First Financial http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/ Thu, 11 Mar 2010 20:51:49 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Tracy Coenen http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185768 Tracy Coenen Thu, 04 Mar 2010 14:39:14 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185768 You TEACH "interest cancellation"??? Really? What is there to teach? That's just an invented phrase that means... if you pay your debts earlier than scheduled, you'll pay less interest. That couple didn't need MMA. In fact, without it, they would be out of debt months sooner. Throw away your checkbook? Hardly. And certainly not because you're using MMA. You TEACH “interest cancellation”??? Really? What is there to teach? That’s just an invented phrase that means… if you pay your debts earlier than scheduled, you’ll pay less interest. That couple didn’t need MMA. In fact, without it, they would be out of debt months sooner.

Throw away your checkbook? Hardly. And certainly not because you’re using MMA.

]]> By: sally http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185765 sally Thu, 04 Mar 2010 07:43:14 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185765 Praise for Shirley who does know how the MMA works. You other people have no idea!! I've recently helped 5 people with the MMA. One of them has 3 credit cards, one mortgage, college education debts for her kids. They are in their late 50's and just refied to a 28 year mortgage. Their debts totalled over 600,00. They are on track to pay off all this in just 10.3 years! With my clients I help them weekly until they get into the flow of how it works. NO more checkbooks!! There's always customer service,also. There are terrible agents in any biz, why pick on United First Financial? If you don't understand something how can you make these comments? Unbelievable! You know that phrase "a little information is dangerous...." So true. Thank you Shirley for your heartfelt comments. AS you know we teach, Time value of Money, Interest Cancellation, and Strategic Payoffs. And other banking strategies not known to us regular people!! I've also been a Financial Advisor for 8 years and love helping people. This product has just enhanced how much more I can help others. Get a life! Praise for Shirley who does know how the MMA works. You other people have no idea!! I’ve recently helped 5 people with the MMA. One of them has 3 credit cards, one mortgage, college education debts for her kids. They are in their late 50’s and just refied to a 28 year mortgage. Their debts totalled over 600,00. They are on track to pay off all this in just 10.3 years!

With my clients I help them weekly until they get into the flow of how it works. NO more checkbooks!! There’s always customer service,also. There are terrible agents in any biz, why pick on United First Financial? If you don’t understand something how can you make these comments? Unbelievable! You know that phrase “a little information is dangerous….” So true.

Thank you Shirley for your heartfelt comments. AS you know we teach, Time value of Money, Interest Cancellation, and Strategic Payoffs. And other banking strategies not known to us regular people!!

I’ve also been a Financial Advisor for 8 years and love helping people. This product has just enhanced how much more I can help others.

Get a life!

]]> By: Craig Hansen http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185720 Craig Hansen Sat, 27 Feb 2010 21:27:17 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185720 Lilly, that was completely incoherent. If you need a plan to follow, then get something like Quicken to show you how to retire your debts quickly, and spend $100 instead of $3500 on something that is much, much less efficient and more awkward to use than Quicken. It is obvious that you don't understand the first thing about money, so take the time to talk to your bank or lender. Set up automatic extra payments that you know you'll have to meet. Perhaps that's all you need. But to go an additional $3500 in debt, just to let the MMA to tell you to send more money to your debts, is one of the dumbest decisions you could have made. Lilly, that was completely incoherent. If you need a plan to follow, then get something like Quicken to show you how to retire your debts quickly, and spend $100 instead of $3500 on something that is much, much less efficient and more awkward to use than Quicken.

It is obvious that you don’t understand the first thing about money, so take the time to talk to your bank or lender. Set up automatic extra payments that you know you’ll have to meet. Perhaps that’s all you need.

But to go an additional $3500 in debt, just to let the MMA to tell you to send more money to your debts, is one of the dumbest decisions you could have made.

]]> By: lilly http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185700 lilly Thu, 25 Feb 2010 04:42:52 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185700 Ok I know the software very well. I am 33 yrs, I bought my first house wen i was just 25. My husband and I did the math our mortgadge was $1200.00 amonth, we multipli it by 30 it came out to be$432,000.00 in 30yrs so i bought the house for 160.00 so if you come to see the bank is getting $272,000 in profit , commond sence is 160k you could pay it off in 9yrs why our we getting so ript off? now we all know that if we send a little bite more to each payment it will be paid off faster. but we are human that some times we dont understand that. so to me UFIRST has help not only me but my friends and family is a great investment in the feuture. we need some thing or some one to remember use how ti di the things that need to be done. is note about the money that is coust to by the program is a program that will help us save money and get out of debt faste dont you think? is like we get a credit card with a limite of 500 and our monthly payment is 25.00 dollars now you are getting interest raite on the rememining of what you barow. if you use 50 dollars then pay the 50 dollars back is simple. thats why american today are full in debts and consolidating. if you look on how u save money then waist wt would you choose? spend alittle bit now or waist more on 30 yrs? and to say that is a busines aportunity yes it is. wen u start a busines you are better of starting from the bottom and knowing the busines the starting from the top and falling down. every thing in life is a pyramid you may not see it know but it is. Ok I know the software very well. I am 33 yrs, I bought my first house wen i was just 25. My husband and I did the math our mortgadge was $1200.00 amonth, we multipli it by 30 it came out to be$432,000.00 in 30yrs so i bought the house for 160.00 so if you come to see the bank is getting $272,000 in profit , commond sence is 160k you could pay it off in 9yrs why our we getting so ript off?
now we all know that if we send a little bite more to each payment it will be paid off faster. but we are human that some times we dont understand that. so to me UFIRST has help not only me but my friends and family is a great investment in the feuture. we need some thing or some one to remember use how ti di the things that need to be done. is note about the money that is coust to by the program is a program that will help us save money and get out of debt faste dont you think? is like we get a credit card with a limite of 500 and our monthly payment is 25.00 dollars now you are getting interest raite on the rememining of what you barow. if you use 50 dollars then pay the 50 dollars back is simple. thats why american today are full in debts and consolidating. if you look on how u save money then waist wt would you choose? spend alittle bit now or waist more on 30 yrs? and to say that is a busines aportunity yes it is. wen u start a busines you are better of starting from the bottom and knowing the busines the starting from the top and falling down. every thing in life is a pyramid you may not see it know but it is.

]]> By: JoeTaxpayer http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185567 JoeTaxpayer Fri, 12 Feb 2010 02:26:49 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185567 Shirley - Tracy and those of us who have spoken out against this program know more than we need to know. There are multiple posts within this blog that can show you that. The "Factorial Math" post by Craig Hansen, The "HELOC Shuffle" post by yours truly. It's easily shown that one can use an amortization table or spreadsheet (or actually, nothing, just prepayments) and beat MMA. MMA is nothing more than a calculator with some faulty assumptions built in, otherwise, how is it that when I ask an agent for an analysis, tell him he's welcome to ignore the $3500 fee, it still fails to match simply prepaying? Let me close with this rhetorical question: UFirst has a disclaimer "United First Financial does not provide accounting, tax, legal, real-estate, mortgage, or investment advice." Since agent are so big on analogies, I'll ask, "If you went into a doctor's office and saw a sign in the waiting room 'Dr Rosencrantz does not provide medical, health, or any advice pertaining to your physical wellbeing" would you stay or find another doctor? With all due respect, this disclaimer is enough to warn off anyone with a lick of common sense. Shirley -
Tracy and those of us who have spoken out against this program know more than we need to know. There are multiple posts within this blog that can show you that. The “Factorial Math” post by Craig Hansen, The “HELOC Shuffle” post by yours truly.
It’s easily shown that one can use an amortization table or spreadsheet (or actually, nothing, just prepayments) and beat MMA. MMA is nothing more than a calculator with some faulty assumptions built in, otherwise, how is it that when I ask an agent for an analysis, tell him he’s welcome to ignore the $3500 fee, it still fails to match simply prepaying?

Let me close with this rhetorical question: UFirst has a disclaimer “United First Financial does not provide accounting, tax, legal, real-estate, mortgage, or investment advice.” Since agent are so big on analogies, I’ll ask, “If you went into a doctor’s office and saw a sign in the waiting room ‘Dr Rosencrantz does not provide medical, health, or any advice pertaining to your physical wellbeing” would you stay or find another doctor? With all due respect, this disclaimer is enough to warn off anyone with a lick of common sense.

]]> By: Tracy Coenen http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185563 Tracy Coenen Fri, 12 Feb 2010 00:52:42 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185563 Shirley, What do you mean by the statement that I "would never be able to say" the things I've said here. Since I've said them, then clearly I'm able to say them. The problem with your rant is that you haven't even pointed out one factual inaccuracy in my article. Not one. I know why those guys started UFF - to make money for themselves. They don't use an "agency model," they use an MLM model. There is a big difference, specifically that in MLMs, multiple levels of people are recruited. Now. I'm not interested in wasting my valuable time of the phone with you. However, you are free to point out any inaccuracies in my article. Be forewarned,.. you must back up whatever you say with real facts and real proof. Show us the numbers! Show us the hard evidence. If you do not come with substance in your response, it will be deleted without anyone ever seeing it. Ready, set, go! Shirley,

What do you mean by the statement that I “would never be able to say” the things I’ve said here. Since I’ve said them, then clearly I’m able to say them.

The problem with your rant is that you haven’t even pointed out one factual inaccuracy in my article. Not one.

I know why those guys started UFF – to make money for themselves. They don’t use an “agency model,” they use an MLM model. There is a big difference, specifically that in MLMs, multiple levels of people are recruited.

Now. I’m not interested in wasting my valuable time of the phone with you. However, you are free to point out any inaccuracies in my article. Be forewarned,.. you must back up whatever you say with real facts and real proof. Show us the numbers! Show us the hard evidence. If you do not come with substance in your response, it will be deleted without anyone ever seeing it.

Ready, set, go!

]]> By: shirley http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185559 shirley Thu, 11 Feb 2010 23:22:04 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185559 I must have hit the enter key before I finished my post, so here's more... you would never be able to say most of the outrageous things you have touted in your blog. I'm tempted to pick each of your conclusions and give a rebuttal, but I'm not sure you really want the truth. At least that's the impression I get when I read your blog and all your responses. If you'd sincerely like to understand the Money Merge Account, I'd be happy to spend the time to help you see where you are in error. Email me and we can set up a time to talk on the phone. I must have hit the enter key before I finished my post, so here’s more… you would never be able to say most of the outrageous things you have touted in your blog.

I’m tempted to pick each of your conclusions and give a rebuttal, but I’m not sure you really want the truth. At least that’s the impression I get when I read your blog and all your responses. If you’d sincerely like to understand the Money Merge Account, I’d be happy to spend the time to help you see where you are in error. Email me and we can set up a time to talk on the phone.

]]> By: shirley http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185558 shirley Thu, 11 Feb 2010 23:15:52 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185558 You ought to be ashamed of yourself, presenting yourself as an authority on the Money Merge Account and United First Financial, if you are not going to do any more due diligence than you have. I am a client and agent of the Money Merge Account and have been for 3 years. You have so misrepresented the program, the business, the company, the financial position of the company, the owners, and the endorsements. You have taken what you consider enough information to formulate your own faulty conclusions and have totally misunderstood and misrepresented the program and what it does and how it works. What saddens me is that by being so quick to express your opinions and faulty conclusions, you may have kept people who really need and could benefit from our program from even considering it. If you'd bothered to find out what motivated the founders to produce and market this program in the first place, if you'd spent time with them and listened to their heart and allowed them to really understand how this works and why they've chosen the marketing program they have (which by the way is a an agency model with a few benefits that have been borrowed from MLM models and ONLY works if the produgt is sold, no matter how many agents are recruited). I hate to even post on your site, because in doing so, I just add credibility to what you do. You ought to be ashamed of yourself, presenting yourself as an authority on the Money Merge Account and United First Financial, if you are not going to do any more due diligence than you have. I am a client and agent of the Money Merge Account and have been for 3 years. You have so misrepresented the program, the business, the company, the financial position of the company, the owners, and the endorsements. You have taken what you consider enough information to formulate your own faulty conclusions and have totally misunderstood and misrepresented the program and what it does and how it works.

What saddens me is that by being so quick to express your opinions and faulty conclusions, you may have kept people who really need and could benefit from our program from even considering it. If you’d bothered to find out what motivated the founders to produce and market this program in the first place, if you’d spent time with them and listened to their heart and allowed them to really understand how this works and why they’ve chosen the marketing program they have (which by the way is a an agency model with a few benefits that have been borrowed from MLM models and ONLY works if the produgt is sold, no matter how many agents are recruited).

I hate to even post on your site, because in doing so, I just add credibility to what you do.

]]> By: Tracy Coenen http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185415 Tracy Coenen Tue, 02 Feb 2010 20:51:25 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185415 NN - Then thank goodness that I have plenty of firsthand knowledge about the UFF product, how it works, and how it is being marketed. NN – Then thank goodness that I have plenty of firsthand knowledge about the UFF product, how it works, and how it is being marketed.

]]> By: NN http://www.sequenceinc.com/fraudfiles/2008/05/15/a-new-pyramid-scheme-united-first-financial/comment-page-10/#comment-185408 NN Tue, 02 Feb 2010 03:00:26 +0000 http://www.sequence-inc.com/fraudfiles/?p=1491#comment-185408 Anyone who makes assumptions about something without first hand knowledge has about as much validity as an apple complainging about being an orenge. Anyone who makes assumptions about something without first hand knowledge has about as much validity as an apple complainging about being an orenge.

]]>