More than a year after I started to write about the evils of United First Financial, its representatives are still trying to dazzle the crowds with bogus claims of factorial math.
It’s become clear that the primary method for selling consumers on this ridiculously expensive software that the consumer doesn’t even own ($3,500) is by confusing them. Prattling on about the massive algorithm used to determine the “optimal” method of paying down one’s debt to save the most money.
Here is what one commenter posted today on this site:
View the videos at xxxxxxxxxxxxxx and you will have a better understanding of how it works. From the comments I’ve read it sounds like people haven’t taken the time To understand.
There are 4 elements at work in the software. 1)interest cancellation 2)interest float 3)interest accumulation 4) stratigic placement of funds. Version 4 was upgraded to implement the factorial math engine. The comments sound like people are trying to do simple math to out think a 26 page math algorythm software program. I can assure you it is not stupid to purchase this software. The fee doesn’t just sit there and accumulate interest like Tracey suggest, the software reads it as a debt to be paid off early also.
I have a client on the money merge account who started last year in Oct. The analysis read 6.14 years. He now reports a year later the software is at 5.1 years to zero debt! Following the software prompts he has sent large stratigic payments to varying credit cards. It works and it is real. I also own it.
The fact of the matter is, however, that the consumer doesn’t need an algorithm or factorial math to get out of debt. All the consumer has to do is follow these few simple steps:
- Do not purchase the UFF program. Instead, apply your $3,5000 directly to your debt with the highest interest rate. You will save over $19,000 over the life of your mortgage by doing this.
- After paying your regular expenses each month, apply your extra cash to your debt with the highest interest rate. You’ll be doing “interest cancellation” (as UFF agents call it) … and you’ll be doing it for free!
The truth is that paying down your debt is simple. You just have to pay it. The most efficient way is by paying more than the monthly payment on the debt with the highest interest rate. Sure, there may be 10,000 different ways that you could pay off your debt, but there’s only one that counts…. paying off the highest interest rate first.
Sure, the UFF program tells you to do a fancy money shuffle each month. And it’s been shown time and again that this shuffle saves you only a few dollars per month at most. Which isn’t nearly enough to offset the $3,500 cost of the program.
Don’t believe the UFF agent who says you can pay off your debt faster with no change in your spending or lifestyle. That is a blatant lie. The UFF program doesn’t create money which pays off your debt faster. (It actually costs you money.) The only way the debt gets paid off is by you paying the debt. Yes, that may require changing your spending habits to apply more of your money toward your debt.