{"id":1524,"date":"2008-05-25T08:57:01","date_gmt":"2008-05-25T13:57:01","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=1524"},"modified":"2011-08-15T23:21:53","modified_gmt":"2011-08-16T04:21:53","slug":"getting-into-even-more-credit-card-trouble-with-united-first-financial","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/getting-into-even-more-credit-card-trouble-with-united-first-financial\/","title":{"rendered":"Getting Into Even More Credit Card Trouble With United First Financial"},"content":{"rendered":"

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

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<\/a> 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 <\/strong>reason you’re saving money is that you’re prepaying your mortgage, saving you interest payments down the road.<\/p>\n

You can’t do the UFF program without a HELOC\/ALOC, though. That’s the key to the money shuffle.<\/p>\n

Until recently. Now United First Financial is letting consumers do the money shuffle with a credit card<\/strong>. (Yes, you read that correctly.)<\/p>\n

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<\/a>…Version 3 of the Money Merge Account can now utilize a credit card as a form of Advanced Line Of Credit or ALOC<\/strong>. With current market conditions limiting new Home Equity Lines of Credit and freezing existing Home Equity Lines of Credit this could not have come at a better time for homeowners.<\/p>\n

The Money Merge Account<\/a> Requires a ALOC to drive the interest cancelation account. An ALOC can consist of a Personal Line of Credit or PLOC, Business Line of Credit or BLOC, Home Equity Line of Credit or HELOC and now Credit Cards.<\/p>\n

Most credit cards charge a cash advance or check fee of 1-3%. This is one of the main reasons Version 3 had to be updated to accept a credit card ALOC. Credit Cards are to be used as a last resort if another LOC cannot be obtained.<\/p><\/blockquote>\n<\/div>\n

Let’s be honest. If you’re trying to pay down your debt, do you really need one more reason to use a credit card? Do you really want to add more to a credit card balance to play this money shuffle?<\/p>\n

Oh, I know, I know… UFF isn’t encouraging irresponsible use of the credit cards blah blah and consumers must follow the program to get the savings yada yada.<\/p>\n

This program is horrible. And it’s not worth $10, much less the $3,500 fee they’re charging. Run! Run for your lives and do not sign up for United First Financial! <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[824,5],"tags":[892,891,888,889],"class_list":["post-1524","post","type-post","status-publish","format-standard","hentry","category-consumer-protection","category-fraud-news-stories","tag-mma","tag-money-merge-account","tag-uff","tag-united-first-financial"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-oA","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=1524"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=1524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=1524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=1524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}