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https://youtu.be/rT-ud-Unm44
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  • Mary Kay Cosmetics: Destroying Half a Million Women a Year
  • MLM Income Disclosure Statements
  • Dooce Will Sleep With Your Husband
  • A Correlation Between Gambling and Fraud?
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Recent Comments

  • Tracy Coenen on Don’t Try a Do-It-Yourself Fraud Investigation: “Nice to hear from you Jonathan!” Dec 19, 08:37
  • Jonathan T. Marks, CPA, CFF, CFE on Don’t Try a Do-It-Yourself Fraud Investigation: “Amen! Valuable Advice.” Dec 18, 07:40
  • Tracy Coenen on Primerica Financial Services: The Fake Job Interview: “LOL Stacy. People keep saying Primerica is MLM because it IS an MLM. People are recruited into multiple levels in…” Dec 10, 12:49
  • Tracy Coenen on WorldVentures Pyramid Scheme Lawsuit: “Hilarious! I just found what you’re talking about. 2 failing MLMs become ONE failing MLM.” Dec 10, 12:46
  • wendy stovern, WV member on WorldVentures Pyramid Scheme Lawsuit: “Ironically among WV reps is the word “bankruptcy” and company takeover ie; new entity is “Seacret” claiming ownership. Only months…” Dec 9, 23:47
  • Stacey on Primerica Financial Services: The Fake Job Interview: “Primerica is a brokerage not a MLM. I’m not sure why the internet continues to say PRI is MLM. It…” Dec 9, 13:22
  • Tracy Coenen on Fifteen Frightening Facts About Usana Health Sciences: “I haven’t kept up with Usana, but all MLMs are bad. The products are no better than what you can…” Dec 9, 08:36
  • nana abdullah on Fifteen Frightening Facts About Usana Health Sciences: “Hi Tracy, this article is written in 2008. I wonder what is your view towards USANA company governance in recent,…” Dec 9, 07:49

mma

Debunking United First Financial Myths and Deceptions

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“The UFF program is the ONLY program on the market with these exact features and benefits.”

Of course it is. If it could be compared to anything else, consumers would quickly see that it’s not all it’s cracked up to be. It needs to be some secret, special, super-duper, can’t get it anywhere else program or no one will pay the outrageous fee of $3,500 for it.

“We have a 97.6% retention rate.” Continue reading

  • Date 30 May 2008
  • Author Tracy Coenen
  • Tags dave ramsey, mma, money merge account, uff agent, united first financial
  • Comments 5 Comments

Misleading Consumers in the Marketing of United First Financial Money Merge Account

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Over the last few weeks, I’ve been researching and reporting on the United First Financial Money Merge Account. UFF’s “agents” are poorly trained multi-level marketing pawns who spout company propaganda about how the MMA is the greatest thing since sliced bread.

I was recently directed for United First Financial’s FAQ page. I had seen this page before, but looked at it today with an entirely different perspective. With my research on the product nearly complete, I am able to see a number of distortions and deceptions in this page.

And the company can’t claim (like many MLMs do) that they’re a victim of independent contractors who are misrepresenting things. These are corporate’s own representations about what the product is and does.

Here’s a the UFF story paired with simple facts: Continue reading

  • Date 27 May 2008
  • Author Tracy Coenen
  • Tags mma, money merge account, repositioning, uff, united first financial
  • Comments 13 Comments

Getting Into Even More Credit Card Trouble With United First Financial

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I’ve outlined all the reasons why United First Financial’s Money Merge Account is a scam. Although it technically offers something to the buyer, it’s not worth anywhere near the $3,500 fee that’s charged for it. Consumers can pay off their mortgages faster and for free without this program.

But if you need another reason why the UFF program sucks, I’ve found it. The basic concept of the UFF MMA is a money shuffle using your mortgage and a home equity line of credit (HELOC)… which they call an ALOC. You are led to believe that you’re achieving huge mortgage savings because the UFF computer program has a secret algorithm that helps you save money. The real reason you’re saving money is that you’re prepaying your mortgage, saving you interest payments down the road. Continue reading

  • Date 25 May 2008
  • Author Tracy Coenen
  • Tags mma, money merge account, uff, united first financial
  • Comments 33 Comments

Analyzing the Details of the United First Financial Program

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If you owed a bank money under a loan that had an interest rate of 6%… And I came along and said to you “Here, take this loan with an interest rate of 8% and use the money to pay off the loan you already have…”

What would you say?

Anyone with remedial math skills would say NO WAY! Continue reading

  • Date 22 May 2008
  • Author Tracy Coenen
  • Tags mma, money merge account, uff, united first financial
  • Comments Leave a comment

Deception In the Sale of the United First Financial Product?

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

  • Date 20 May 2008
  • Author Tracy Coenen
  • Tags mma, money merge account, uff agent, united first financial
  • Comments 1 Comment

What Does Dave Ramsey Think About United First Financial

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In my book, Dave Ramsey is hands down one of the best and most credible experts on getting out of debt. While I disagree with him on a few technicalities, we’re on the same page for most of what he preaches. The guy talks sense.

So when United First Financial representatives scammers began emailing me, calling me ignorant, stupid, and uneducated because I don’t believe in their product, I decided to research what my beloved Dave Ramsey has to say. Continue reading

  • Date 16 May 2008
  • Author Tracy Coenen
  • Tags dave ramsey, mma, money merge account, uff, united first financial
  • Comments 96 Comments

A New Pyramid Scheme: United First Financial

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ufirstRecently, someone on my consumer awareness site Pink Truth asked about United First Financial. I did some quick research and came to the conclusion that it was a typical multi-level marketing scheme… basically a pyramid scheme that relies on the continuous recruitment of new members. I didn’t think another thing about the company.

But a fellow blogger on the personal finance site WalletPop recommended the company today and I couldn’t believe it, so I had to do some research again. She promoted United First Financial as a program that is “the debt snowball on steroids.” She spent $3,500 to sign up for their “program” to help her reduce her debt. Continue reading

  • Date 15 May 2008
  • Author Tracy Coenen
  • Tags mma, money merge account, pyramid scheme, uff, united first financial
  • Comments 534 Comments

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