{"id":1858,"date":"2008-09-05T20:15:41","date_gmt":"2008-09-06T01:15:41","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/2008\/09\/05\/united-first-financial-sell-them-with-deceit\/"},"modified":"2013-03-24T09:17:36","modified_gmt":"2013-03-24T14:17:36","slug":"united-first-financial-sell-them-with-deceit","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/united-first-financial-sell-them-with-deceit\/","title":{"rendered":"United First Financial: Sell Them With Deceit"},"content":{"rendered":"

I\u2019ve been critical of the United First Financial Money Merge Account for a few months now. My critique is simple: The program is not worth $3,500.<\/strong> It\u2019s worth less than $100. All the MMA does is direct you to use all available cash each month to pay down more of your mortgage. You can do that for free. <\/strong>The budgeting tools that are offered with the software are no better than other packages on the market like Quicken.<\/p>\n

On of the criticisms I\u2019ve faced from UFF \u201cagents\u201d is that I simply don\u2019t understand the program. I haven\u2019t tried it. I haven\u2019t seen how it REALLY works. I just don\u2019t know what I\u2019m talking about.<\/p>\n

They are wrong. I know exactly what they\u2019re selling, and that\u2019s the problem. If my analysis wasn\u2019t right on the money, they wouldn\u2019t be so bothered. \u201cHave a free analysis done!\u201d they tell me.<\/p>\n

So I did. And while the report UFF generated looked nice, it didn\u2019t tell me anything I didn\u2019t already know about the Money Merge Account. And the agent who did the analysis was deceptive<\/strong>, and therefore the report I was given was untruthful.<\/p>\n

The report says: \u201cThis report illustrates the results that could be achieved by establishing a Money Merge Account program. The accuracy of this report is consistent with the information you have provided.\u201d<\/em><\/p>\n

Except the report wasn\u2019t consistent with the information I provided. It left out some very important information that would have influenced the results significantly.<\/p>\n

I made up a\u00a0 mortgage with a monthly payment of $1,300. I made up an income, and reported that I had no debts besides my mortgage. I indicated that each month after paying all bills, I had $1,250 left over.<\/p>\n

The agent asked a couple of questions, and I told him that my required monthly payment on the mortgage is $1,300, but that I usually pay extra.<\/p>\n

Extra? Extra? Did he factor that into my analysis? NO!!!!<\/p>\n

So the analysis was done, and what do you know\u2026 The Money Merge Account will help me pay off my mortgage in just over half the time of my current schedule. Except the agent completely ignored my additional payment each month, and that wasn\u2019t made clear in the report. The result? The benefit of the MMA is overstated. Significantly.<\/p>\n

The analysis I was provided also proves what I’ve said all along: The Money Merge program works almost solely based upon simple prepayment of the mortgage. <\/strong>The program requires you to get a home equity line of credit (HELOC) and do a money shuffle on a regular basis. But the proof is in the pudding\u2026 that shuffle does virtually nothing, and the benefits the consumer receives are wholly based upon just putting extra money toward the mortgage<\/strong> each month. (They can do that for free! No need to pay $3,500 to do that!)<\/p>\n

Why be deceptive like this in presenting the numbers? Because the better they make the results look, the more impressed the consumer will be, the more likely they\u2019ll shell out the $3,500 for the program.<\/p>\n

And I\u2019ll suggest that if the program was really \u201call that,\u201d they wouldn\u2019t need to lie about it. There would be no need to inflate the results of MMA, because the results would speak for themselves.<\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019ve been critical of the United First Financial Money Merge Account for a few months now. My critique is simple: The program is not worth $3,500. It\u2019s worth less than $100. All the MMA does is direct you to use […]<\/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":[824,184],"tags":[892,891,888,889],"class_list":["post-1858","post","type-post","status-publish","format-standard","hentry","category-consumer-protection","category-pyramid-schemes-mlm","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-tY","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1858","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=1858"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1858\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=1858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=1858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=1858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}