In This Review of My Realty Deals, we’d like to talk about an important issue that often comes up in the world of business and consumerism. That’s the issue of scams. Times are changing; technology is constantly advancing, creating new outlets for scammers. Not only are their more outlets, but scammers are more intelligent than ever before. Instead of just making empty promises and then taking your money, scams are now elaborate schemes that pull on the heart strings of innocent people. It’s truly scary to see how thin the line is between a reliable company and a complete scam has become. That’s why it’s so important to really investigate a company if you are considering doing business.
Here’s an example of a definite scam company called My Realty Deals. The consumer report is disturbing, and shows you the vulgarity behind these scams. The Testimonial states, “My roommate just called these people when she saw a craigslist ad about an apt they were leasing. A man picked up and told her she must register and pay 180 dollars to see the listings. She had never heard of this before and said she would think about it, he immediately followed this by cursing her out in a devilish voice.” They were probably going to take her money and run! Then the man on the phone cursed her out. These people really have no regard for human life. They are just sharks looking for helpless people to take advantage of, so they can get rich. As much as we are disturbed and disappointed, we are not surprised. Regardless of what industry you’re in, there’s always two very different side of every spectrum. So if you every come across companies like My Realty Deals, just walk the other way.
In this review of My Reality Deals, The CFRB Gives this real estate company a 0 star rating. Check Our Resources page for a list of trusted companies like Signature One Capital, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies like Signature One Capital.
In This LoanMart Review we take a look at a payday loans company that has nothing but mixed reviews. I’m talking about minor differences. I’m talking about reviews from both sides of the spectrum. I’ve read customers complain and express regret, and I’ve seen customers praise LoanMart for their professionalism. According to LoanMart, they have established an outstanding reputation for quality service, credited to their dedicated employees. The success of their organization is due to their Commitment, Accountability, Innovation, and Integrity. Every employee is focused on the corporate vision and has the opportunity to flourish. Hmm…Commitment, eh? According to one Consumers testimony, Loanmart is committed to getting every single penny back. Even if it means, shaking down every single person you put down on your reference sheet.
Here’s an example of what I mean by mixed reviews. One consumer stated, “We were desperate, because my father passed away and we needed a couple thousand. I have since then paid back the loan plus and extra 1500, and I still owe another 2000. It’s outrageous, and this shouldn’t even be LEGAL! While another consumer stated, “This is my second time with LoanMart, and I’ve never been so impressed. Their reps. were very helpful and explained every aspect of the loan while treating me the way I wanted to be treated. The approval was very fast and funds released hours later. Amazing! Quick & easy processing.” So what the dealio, LoanMart? Why are some suffering at your hand, while others praise your name? To be completely honest, going with Loanmart is a bit of a gamble. It could serve you well, or completely destroy you. The decision is yours, Neo. Take the Blue pill or the Red pill. (I don’t remember which one was the good pill.) WE recommend you take the good pill, and go with a more reliable company.
In this review of LoanMart, The CFRB Gives this payday loan a 2 star rating. Check Our Resources page for a list of trusted companies like Signature One Capital, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies like Signature One Capital.
In this Koala Financial Review, we take a look at a company that is a bit of a jack of all trades. Koala Financial merged with Bonita Tax Services to provide comprehensive tax, accounting, and financial services to individuals and businesses in San Diego County. They want to be your trusted financial professionals, helping you to make the most of your resources and opportunities to enjoy the lifestyle you desire. Bonita Tax Service, an established name in the community for over 30 years, has been under new ownership since the 2011 tax season. Koala Financial brings additional financial services to the reputable tax offerings that still remain. The change in ownership brings in three new staff to serve the consumers with much of the long time familiar staff remaining.
This isn’t something you see all the time, folks. Two companies that had a successful merger, and are still going strong. We’ve seen companies in the past make a worthy attempt at merging, and usually somewhere along the lines, everything crumble apart. So what sets Koala Financial apart from the rest of the failures? We believe it was the fact that both companies didn’t offer the same services initially. Similar services, but not exactly the same. If they were both strictly life insurance companies, they would have had to deal with merging to proven systems. Instead the companies complement each other, creating a business that services a variety of consumer needs. They’re kind of like the Costco of the finance world. Why do people go to Costco? They go, because they are reliable, and they pretty much offer everything. That seems to be the secret to Koala Financials success. Reliability and variety.
In this review of Koala Financial, The CFRB Gives this life insurance company a 5 star rating. Check Our Resources page for a list of trusted companies like Signature One Capital, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies like Signature One Capital.
Federally Regulated Debt Relief, Debt Settlement or Debt Reduction Programs
In this post the CFRB addresses a somewhat controversial topic, the topic of the Federally Regulated Debt Relief Program also referred to as Federally Regulated Debt Settlement and or Federally regulated Debt Reduction Programs and the amendments to the telemarketing sales rule regarding Debt Relief, Debt Settlement or Debt Reduction companies brought by the Federal Trade Commission (FTC) effective in 2010 bringing needed regulation to this industry. Debt Relief, Debt Settlement or Debt Reduction programs that operate under this regulation AKA Federally Regulated Debt Relief Program or Federally Regulated Program must adhere to provisions that protect the consumer when entering into business arrangements or contracts with Debt Relief, Debt Settlement or Debt Reduction companies operating under the Federal Regulation of the FTC and provide Debt Relief services through the Federally Regulated Debt Relief Program or Federally Regulated Program for debt Relief. Although It may sound repetitive to continue to state Federally Regulated Debt Relief Program, Federally Regulated Debt Settlement or Federally regulated Debt Reduction Program but we do so since these terminologies are frequently interchanged by different Debt Relief, Debt Settlement or Debt Reduction Companies trying to create their own brand for the Federally Regulated Debt Relief Program or Federally Regulated Program. That being said we will continue this post using the terminology Federally Regulated Debt Relief Program or Federally Regulated Program.
We have chosen the Federally Regulated Debt Relief Program or Federally Regulated Program topic due to the overwhelming negative results of our investigations on several Debt Relief, Debt Settlement and Debt Reduction companies. This is not to say that all companies providing the Federally Regulated Debt Relief Program have received bad reviews from the CFRB, companies like Signature One Financial in there initial Signature One Financial Review received our highest 5 Star rating and have maintained this 5 Star rating through several Signature One Financial Reviews and they have received supporting comments and testimonials in their Signature One Financial Reviews from consumers that have conducted business with Signature One Financial. Signature One Financial provides there Signature One Financial Liberty Program AKA Signature One Financial Federally Regulated liberty Program or Federally Regulated Liberty Program for consumers who could qualify for their personal unsecured debt consolidation loan.
Customer Service Is a Key Factor in The Federally Regulated Debt Relief Program
How can so many companies offering this Federally Regulated Debt Relief Program get such bad reviews while other companies offering the Federally Regulated Program for Debt Relief, Debt Settlement or Debt Reduction receive raving 5 Star reviews?
The first and obvious answer is a commitment or lack thereof to the consumer to provide a valuable service with the highest level of excellence and the fact that prior to the Federally Regulated Program some companies provided exceptional customer service and results that matched or exceeded their promises to the consumer. So many people (business owners included) will take the easy way out of any situation. In dealing with Debt Relief, Debt Settlement or Debt Reduction you are dealing with consumers that may be feeling hopeless and like they have no other options. This could make them an easy mark for business owners who are inclined to taking the path of least resistance to make a fast buck. This same scenario creates an opportunity for excellence to stand out when offering the highest level of customer service to consumers in desperate need of a Debt Relief, Debt Settlement or Debt Reduction Program.
That being said let’s look at the changes brought forth by the FTC in the Federally Regulated Debt Relief Program and how this Federally Regulated Program benefits the consumer looking for Debt Relief. Looking at the changes the FTC’s Telemarketing Sales Rules Amendments for Debt Relief Companies brought we must keep in mind that the underlying commitment to provide service to the consumer with or without the federal regulation will determine the companies level of excellence and overall service to the consumer in Debt Relief or any industry.
Things to Know Regarding the Federally Regulated Debt Relief Program
No Upfront Fees
- The Debt Relief Company must complete the services promised including successful negotiation of new terms and agreements with the creditor that the consumer accepts and makes at least one payment to the creditor before the Debt Relief Company can be paid.
Dedicated Trust Account
- The Debt Relief Company may require consumers to set aside fees and savings for payment to creditors in a Dedicated Trust Account. Debt Relief Companies can only require a dedicated trust account when these 5 conditions are met.
- The dedicated trust account must be at an insured financial institution.
- The consumer is the sole beneficiary or owner of the funds including interest earned in the dedicated trust account.
- The consumer has full access to the funds at all times without penalty for withdrawal.
- The Debt Relief Company has no ownership interest or control in the financial institution.
- The Debt Relief Company cannot exchange any referral fees with the financial institution.
Disclosures and Prohibited Misrepresentations
- Debt Relief Companies must disclose their fees
- Debt Relief Companies must disclose how long it can take for consumers to see their results.
- Debt Relief Companies must disclose the potential for negative consequences to the consumer including how the debt relief program can affect their credit, calls to the consumer from the creditor and the closing of credit cards enrolled in the Federally Regulated Debt Relief Program.
- The Debt Relief Company is prohibited from stating performance rates that cannot be backed up by actual results
As always your comments are appreciated in this and all post and reviews on this web site
In This McTygue Group Review, we take a look at a real estate loan company that has snagged the BBB Accredited Business of the day badge. Which always catches our attention when we are scouring the web looking for companies to review. Building on a background of real estate and finance, Thomas McTygue formed The McTygue Group in the year of 2004. His company is a full service real estate brokerage that offers both financing and sales service to consumers throughout California. This company’s objective is to provide clients with in depth market knowledge, timely market info, and high level transactional representation. From what we are finding, McTygue Group is a true American success story. Which we at the CFRB absolutely love. It’s great to see Americans utilizing their rights, and creating their own success.
Consumers seem to love having this company around. One Consumer stated, “It’s great having a company that I can trust nearby. When you walk through their doors, the atmosphere is nothing like a place of business. They are very welcoming, and warm. It was a real pleasure working with the folks over at The McTygue Group.” Well, there you have it folks. Straight from the horse’s mouth. We dig some real digging in this investigation. We really could find any dirt on this company. The only thing we didn’t like was their website. It’s absolutely hideous. In this day and age, it’s important to have a strong online presence. That means having a place that consumers can go and get all their info, and do some digging of their own. The website is where you win the consumer. In the grand scheme of things, their sense of design and understanding of the online world isn’t a major issue. Overall, this company is deserves a thumbs up.
In this review of The Mctygue Group, The CFRB Gives this real estate loan company a 4 star rating. Check Our Resources page for a list of trusted companies like Signature One Capital, which have received 4 stars or better. Check Our Reviews page for more insight into trusted companies like Signature One Capital.