Deception In the Sale of the United First Financial Product?

Posted on May 20th, 2008

I found this interesting description of the deception involved in selling the United First Financial program to unsuspecting consumers for $3,500:

These programs are sold *very* aggressively in the US as part of a multi-level marketing scheme by people who do not really understand what they are selling, but are highly motivated by a $1400 commission for each customer they reel in. Part of the pitch is nonsense, part of it is deception:

Deception: While is it true that salary will gain a couple of dollars of interest each month as mentioned above, UFF would have the potential customer believe it is thousands a year. They do not say this, they just imply it. And it is wrong.

Nonsense: There is no magic math that the MMA has invented or discovered. Early repayment simply requires that the a mortgage holder apply more of their paycheck to the mortgage.

Deep Deception: The UFF program wants the customer to believe that the advertised quick mortgage pay-off happens from salary interest, and is inherent to buying the program, when in fact it happens when a bigger part of the salary is sent to the mortgage. This is why UFF always asks what the customer’s discretionary income is. The program assumes *all* discretionary income goes to the mortgage.

Tell the UFF program there is no discretionary salary, and *poof*, the early mortgage payoff is gone. It is because of these deceptions that UFF is called a scam on this board.

Odd, that’s exactly what I’ve been saying about the program over the last week.

Related posts:

  1. Analyzing the Details of the United First Financial Program
  2. I can save you $68,504 (without United First Financial)
  3. United First Financial: Sell Them With Deceit
  4. United First Financial Scam: You’re Using the Bank’s Money to Pay Down Your Mortgage
  5. United First Financial Lies: You Can Pay Off Your Mortgage Faster With No Change in Spending

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