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FIB - Scams 101
Re: Accelerated Equity a.k.a. United First Financial
Posted By: Michael J McMillan In Response To: Re: Accelerated Equity a.k.a. United First Financial (Calvin)
Date: Thursday, July 31, 2008, at 7:14 p.m.(pst)
In Response To: Re: Accelerated Equity a.k.a. United First Financial (Calvin)
I bothered to look up "How to figure a mortgage" on one of the search engines, and came away with the idea that all I would really need is a pocket calculator, a number 2 pencil and a pad of paper. That's pretty much it. Assuming you didn't already have these things (most people do), you might have to shell out as much a twenty dollars to buy them. After that, it's a simple matter of figuring out your budget so you can put extra money on your mortgage.
The MMA is NOT a "magic pill". It CANNOT make dollars appear out of thin air to pay down your mortgage faster. The only thing it seems to do is play a kind of shell game where it takes money out of one area of your budget and puts it into another, namely your mortgage. So, why pay the fantastic sums of money for the software? Well, the real truth is you should pay for the software so the people selling it to you can feed the incredibly voratious appetite of their uplines.
Other wise, invest twenty bucks in some relatively cheap budget tools and run the numbers for yourself. Unlike Calvin, who represents himself as an engineer (sorry, Calvin, you may very well be what you claim to be, but this is the Internet and one can never be absolutely sure without meeting each other in person) I am a relative dummy at math. Still, I am sure that with these simple and inexpensive tools I can (a) put together a budget and (b) find money within that budget to help pay down the mortgage. That, of course, implies that I haven't way overspent elsewhere in the budget so there is actual money to be found. Buying hugely expensive software would be an example of way overspending, of course.
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Do yourself a favor and turn your legal team loose in greener pastures.
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And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!).