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FIB - Scams 101 - Ye Olde Archives
Posted By: Jim G In Response To: John Cummuta's Transforming Debt into Wealth (Ramona)
Friday, 15 September 2006, at 1:20 p.m.
Hmmmmmmm! Now, one way to start getting out of massive debt is to NOT pay this group from $4,000 to $10,000. Doesn't take a mental giant to figure that one out. In fact, one could be well ahead of the game by NOT shelling out the four payments of $69.95. If one actually paid these guys CASH, one used money that could have been used to reduce the debt. If it's all going on a credit card, one is getting DEEPER INTO DEBT to learn how to get out of debt!?
Are you in there???!!!
> Hello, I saw a posting about John Cummuta's program posted in 2005, and I
> was wondering if anyone has tried this program. I've started it, like the
> concepts, but am not sure about the next step. What they do is sell you
> the CD's/software/manual for 4 payments of $69.95 a month. Then they set
> up a call, which I thought was supposed to walk you thru the program, but
> instead they end up asking for all your debt information, then ask if your
> interested in their coaching sessions, which costs anywhere from $4-10K.
> I talked to their "director of enrollment" at length, and he
> explained how the coaching program worked, that you basically have someone
> to walk you through the program, help get you on the road to debt-free
> living, and help you build enough wealth to retire in 10 years. Now, they
> didn't guarantee anything, they just said it was possible if you strictly
> followed their plan. The only thing is that this coaching (which they tout
> as being highly selective - when I asked how many clients each coach has,
> he responded anywhere from 50-100 clients) costs $4-10K, depending on how
> long you want a coach (6 mos - 2 years).
> Has anyone done this? I think Cummuta's program sounds logical, however I
> don't know if putting myself further into debt is worth it. I welcome your
> thoughts...
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