elife financial, scam?

jameshogg · Posted: Wed Jan 30, 2008 12:22 am Post subject: RE:

Hi Concernedcitizen,

Well, that's how I can call you as because i don't know your name? hey what's your name and would you mind being a part of this community and helping people with your knowledge. You seem to have some knowledge of who is what in the market.

You seem to be pretty unhappy with Elite Financial. In fact, I wasn't that much aware of Elite Financial but i read your above post and it seems they are simply blowing out the entire thing..isn't it? i mean if they don't have an impressive sales figure for their software, then may be the program isn't that useful..in the end what's important is customer satisfaction. If they are able to satisfy their customers, I feel their sales figure would improve.

Thanks

0.10 Dollars($)

Concerned Citizen,

What makes you think the acceleration works if the company has to run their business like this? They are all similar enough and alltogether uneffective.

I still have yet to see any of these systems do anything, except cost extra money to the borrower. Simply paying extra to the 1st mortgages principle is all that needs to be done.

Please don't try to sell your program here, nobody is interested.

adonis · Posted: Thu Jan 31, 2008 3:25 am Post subject:

In a way you are right guest. if the product isn't good enough, only then can a business run like that. But may be they didn't market the product in the right way. Perhaps they didn't point out the benefits to the common people.

Guest 0.10 Dollars($)

Folks,

What if we consider the other side for a minute? How does our economy look as a whole? How successful is the typical American family, financially speaking? Are people getting the financial independence our society was designed to create?

Seriously now! How much do kids pay for college these days $xxx,xxx. And what do they get, a degree in a given subject. For what purpose, to work and make money. How much financial education did their college give them, rarely any.

To sit and debate the value is silly; consider the reality of what has happened in other countries with this concept (Australia). We American's have been paying "big fees" for a long time to the big bankers in the form of Interest. And our lack of financial education has convinced us this is okay.

Frankly, mortgage acceleration is a good thing, da. If someone needs to pay higher fees to get the education and system (software) that shows them the way, better than they're likely to do on their own, I say "go to it".

livinginnky · Posted: Sun Feb 03, 2008 8:13 pm Post subject:

I don't have a problem with someone that needs a tool to help them. Without tools we would not be where we are today and that is for sure... think fire...oooooohhhhh .... however it doesn't mean all tools are good though.

Typical mumbo jumbo for this sales pitch that we are now entertaining goes like the post above. A little rambling... then the Australia comparison... then a random truth that is really just obvious statements of fact that have nothing to do with the actual topic at hand.

But adding extra and useless fees to an already expensive mortgage (even at the best rates) is foolish. You can use quicken or any other financial software and the costs are minimal.

Paying off your mortgage is wise... "mortgage acceleration" when referring to heloc multi level marketing bs... is foolish.

I challenge you as with all the salespeople to prove me wrong. If you would like to see my thinking on the subject just do a search for the subject on this site.

Guest 0.10 Dollars($)

Eric – correct, there are lots of less expensive ways to eliminate debt, in theory; the easiest of which is just sending discretionary cash toward balances. However, stereotyping Middle America, few do. Why? No one has discretionary cash (Negative Savings Rate).

There is huge value in helping people commit, really commit. And even more value in helping people execute. I personally know several people who've bought Quicken (or comparable systems) and none of them followed through with the debt reduction calculation system.

All I'm saying is that results are key. If you want to debate value proposition, just add up the cost of not applying the concept.

livinginnky · Posted: Tue Feb 05, 2008 11:19 am Post subject:

Guest 0.10 Dollars($)

Dear concerned citizen, i think that you are just a bit bitter. how about the rest of your company? how did you coworkers take it?
as far as high fees, i think that there is one rule in our life - if we don't pay, we don't appreciate it. even if you give me the best tools and accounts, but i haven't paid for it - i will not use them. that is probably why higher fees for this "equitystar" program would make sense. i have an expensive car, so i take good care of it, because i pay for it every month. if i won it in a lottery, i wouldn't probably care as much about it.
the same here, if it costs that much, then i will put it to use and will make sure that i will accelerate my mortgage.

Caron · Posted: Thu Feb 07, 2008 3:50 am Post subject: RE:

Guest 0.10 Dollars($)

This blog just keeps getting more and more interesting. I can tell by some of the "guest" posts that we may have a few other Elife folks contributing based on some of the lingo I've heard being spread by the company owners.

To answer a question about my being "bitter". The answer is no. I'm very happy to have moved on to a better opportunity.

To answer the question about my co-workers and what they think? Well, over half, and probably closer to 2/3 of the loan officers have left Elife already or are on their way out. They have told the processors that they can't pay them for 6 months, and told the remaining sales staff to sell more product because they don't have enough money coming it to pay for all the things they are promising clients. Catch-22 anyone?

Yet, the CEO has a brand new Lexus, and let's his little assistant chauffeur him everywhere - no this young 30-ish guy doesn't drive himself anywhere. They blew all their money fancying up a building with etched glass and an overboard CEO office, complete with a large elephant statue, etc. But no money for staff salaries, product development, etc.

I think this is hillarious to watch a bunch of young kids running around in 3-piece suits pretending to be big-wig corporate exec's, doing the rah-rah garbage and "amens" at every meeting, and so on. The CEO did well in a direct sales company previously, but he doesn't have a clue how to run a financial services company.

I'm just getting started ... next we can talk about the legal issues. They have already broken many state and federal regulations, including RESPA violations. I didn't want to be their when the Fed's come raid the building, and it will happen at their pace.

Here's the bottom line: Acceleration is good. There's a lot more involved than just simply paying down your principal. It involves all your income and debt-load, and finding the best way to wipe out unnecessary interest as fast as possible.

Some people need a management system to keep them on track, and many don't. If you're good with money, I can show you how to use this concept to your advantage right now without buying anything extra. I just showed a client of mine today how to free up $700/month on her same budget, which she is going to use to wipe out other high interest debt first, then her mortgage afterwards. She's good with money and just needed to be set up. For those who aren't so wise, I can sell them a management program for around $2k that will tell them what to do forever. And it's not just a login to an internet based company, it's actually software that comes in disc form.

NOBODY needs to spend 2% of their loan amount on an internet-based login system that is still in beta-test mode. That's right, they haven't even launched the actual system, but are charging $4k minimum up to $20k for the same program.

Why should there be different fees for the same software? Exactly ... it's almost completely commission. And they pay this commission in a multi-level marketing system. What a joke.

They might be able to sell a few units for a time until the public becomes more aware of options. But at the rate they are going, I don't think it will even last that long.

Finally, I will not give my name on this post for several reasons, mostly because the owners of Elife are in scramble/panic mode due to their bubble bursting and I won't risk a backlash that could impact my standing with my new location. If you would like to talk with me privately about this subject, then leave your contact info here and I'll get in touch with you. I hope my information benefits the original post-er, and maybe a few others.

Samantha

Hi concerned citizen,

I understand what you're trying to say. Thanks for sharing all your experiences with us here.

Guest 0.10 Dollars($)

Wouldn't it make sense for the customer to come up with their own reasons for value? I certainly wouldn't pay $20,000 for anything if I didn't find value in it. I once had a client that made $140,000 a year and lived in a $400 a month apartment and rode a 10 speed 10 miles to work everyday. Where did his money go? He spent $$$'s on engineering books. I think it ludicrous... but he found value in it.

Just like I would never spend $50,000 on a car no matter how much money I made. However, would I take that same money and spend 6 months in Bora Bora for a once in a lifetime vacation, you bet your butt I would. Would my wife let me buy her at $25,000 diamond ring even if we were extremely wealthy, hell no, she finds NO value in it.

Everyone can debate all day long on cost, but value is what needs to be discussed. There are numerous free tools available to anyone for everything. You can go down to your local library and learn everything you need for free on ANYTHING. Same goes for acceleration, equity repositioning whichever.

The key is, will the client act upon the tools given to them, that's it... end of story. As long as you are making the client better financially and they sleep better at night, I don't care what you are doing.

Just my 2 cents (which, for what it costs to make pennies, guess not much Wink

sara · Posted: Tue Mar 18, 2008 2:03 am Post subject: RE:

Hi Guest,

Welcome to the forums.

In a way, I do agree with you. If I don't find the value in something I wouldn't spend my hard earned money into buying it. Smile

As simple as that!

well, I guess you are new to this community? why don't you join the community and earn rewards while you share your views and help people with your knowledge?

I think it will be fun visiting here!

Take Care

enriko · Joined: 05 Mar 2008 Posts: 60 16.49 Dollars($)

hi,

i have not used them myself but i have heard positive things about them:)

Riko

Guest 0.10 Dollars($)

I had some friends go through them for a loan and ended up purchasing a loan program something named equitystar. It cost them 6500.00 and they have not really used it because there were so many glitches. They do not recommend this product and said it was just as easy to make some extra payments or with some homework and FREE advise from their bank, they could have set up a similar structure and saved alot of money and frustration.

I say; if it sounds too good to be true then it probably is and make sure you know what you are getting yourself into. Take time to think about it, don't make quick snap decisions when put under pressure like my friends were by the loan officer that was helping them from this company.

Buyer beware.......