I just got a letter from ACT and called and they want me to shill out 199.00 for a audit but the will refund in 10 to 12 days if they don't find anything wrong. My thing is Denzi was so quick to get my money and tell me where she was located. But the first time on called I got a busy signal and the second time I called I got a recorded and said that I am sorry your number can not go through and the thrid time I got a message that reply all agents are busy right now your wait time is 3 mins. All our records are open to the public so be careful. Talk to your lender before you do anything plus to the BBB.

Company shills say they will keep $100 for the audit and refund $99 if they find nothing wrong. Of course they will find something wrong and keep the whole $199. But the real reason why they want you to call (the $100 or $199 is just petty cash to them) is while they have you on the phone, they will up-sell you to buy the ACT Program which is super-overpriced software to pay off your mortgage and all your loans early and "save" you many $thousands in interest (you can do the same yourself for FREE by simply paying extra principal with every regular mortgage/loan payment). The address on your letter is a PO Box in Sandy, UT but do you do know that their Doing-Business-As company name "Accelerated Cashflow Technologies" is not licensed as a business as required by Utah law? Search for it yourself here https://secure.utah.gov/bes/action  Do you really want to do a $money deal with a FAKE company that isn't licensed to do business in their home state?

I recently rec'd this letter, the number on my letter is 877-778-4727 and the fee is now $199, I did not agree to it until I could do research. After reading all of the posts I'm still not comfortable but if it is refundable then I don't see the harm???

No, *DON"T* give the ACT Program a try because you are *GUARANTEED* to *LOSE* money on the deal than if you do it yourself. mikef07 states at the top of http://www.fatwallet.com/forums/finance/741118/?start=914 that "The results do show that by using the MMA software it would cost me $5070.29 extra" than doing it on his own and that was when the MMA was $3,500. The present value of $49.95/month for ~10 years (assumes you pay a 30-year mortgage in 10 years) at 1% APR compounded monthly (what savings accounts are giving) is ~$5,700 so the $3,500 price for the MMA has been sneakily increased to $5,700 today for the ACT Program. The $5,700 MMA-repackaged-as-ACT-Program means mikef07 will lose 5070.29-3500+5700=$7,270.29 today.

Oh, so you got the memo on keeping $refund amounts realistic because of what I'd posted earlier about the average $refund being only a few $hundred?
Re. "u should use the company before u knock it," is that like don't knock cyanide unless you've tried it?

The mortgage audit is a scam - NO ONE GETS A REFUND - it is only a bogus service to get you to listen to the ACT program, aka ''coaching session''. The act program can pay your mortgage off a lot quicker then what most people are on track for, however it is hardly worth 49.99 a month. If you are interested in software, okay give it a try, just know that the audit part of their service doesnt actually have any benefit.

Sounds like things might be getting a bit desperate in the boiler room ....


hehehe

and your not very smart and have no clue what your talking abou they got me back $1800.. Maybe just maybe u should use the company before u knock it.. Have a wonderful day loser

I called them just to play with them!!!! Dezi wanted the name of my mortgage company which I refused to provide.  She said "in that case I can't help you ", and hung up on me.

This is a scam.  The name of the company is Accelerated Equity & Development supposedly located in Utah.

Please don't give them any information!!!!

Thank you for your response that will allow me to update a recent change in consumerservicing.org's registration. AED=Accelerated Equity & Development doing business as ACT=Accelerated Cashflow Technologies has "updated" consumerservicing.org's previously *FAKE* registrant info and now claims that United First Financial -- AED's marketing arm for the Money Merge Account -- is indeed the entity that registered consumerservicing.org. Gee, why did AED use fake registrant info in the first place? Perhaps for plausible deniability in case AED got called on the carpet for it? Pretty dumb, don't you think? I guess they corrected it because it was too blatant a lie.

The BBB listing for AED  http://www.bbb.org/utah/business-reviews/fore ... per-ut-10061629 warns "Beginning in 2010, the BBB began receiving numerous inquiries from the public regarding a mass mail campaign conducted by Accelerated Equity & Development, Inc, also known as ACT. The BBB has contacted the company and requested information and possible modifications based on the BBB's Code of Advertising Guidelines. The company has been asked to address concerns about the solicitations' ambiguity, layout and results expected from service advertised. The company is currently working with the BBB to address these concerns."

I cannot tell whether you are a very lucky homeowner or a willing shill but my money is on shill. There are 3 more recent shills named City 1st Mortgage, Jackson R, and Caleb R on page 3 (or perhaps even later pages if shill posts like yours and my replies push their shill posts further down the thread). Most of the "refunds" listed on their website "news" were from court or out-of-court legal settlements between state AGs and lenders mostly resulting from charging/witholding excessive mortgage escrow averaging a few $hundred/borrower. Your alleged $8,000 "refund" is roughly 8000/500=16 times the average actual refund obtained from legal settlement so that's a bit of a stretch to believe. Mind you, a few did get several $thousands in actual refunds but these are the rare few and the average homeowner never got anywhere near $thousands.

I called had them do a mortgage audit and received back 8,000 dollars. I'm real happy i contacted them

Beware your "overcharge" is just what they *SAY* is an overcharge that should be refunded to you but it is *NOT* cash in your hand. You'll have to sue your lender to get cash in your hand. Want to hire an attorney at $hundreds/hour to try to recover a few $thousand in court with uncertain outcome?

Wow, you must be the perfect target for telemarketers and scammers. You get a letter from out of the blue, obediently call without doing any background research into the company and appear unconcerned when presented with evidence that their offers are dubious at best. I'll predict that if you do report back, you'll report that your overcharges, or a subset of them, were refunded and you still came out ahead on the deal. If you don't, why, that would mean there would be no point in calling AED if posters report they threw (up to) $149 away especially when the real reason AED wants them to call is to give AED a chance to up-sell them to the ~$5,700 ACT Program. Reminds me of how my car dealer keeps inviting me back to the dealership with offers of a great trade-in and the free-oil-change offers from competing dealers who want me to call and make an appointment! Like AED, all want a chance to separate me from my money! Hahahahahahaha! My car dealer at least will give me a car for my money but all who buy the ACT Program will *LOSE MONEY* on the deal than if they pay off their mortgages early on their own. Again, mikef07 states at the top of http://www.fatwallet.com/forums/finance/741118/?start=914 that "The results do show that by using the MMA software it would cost me $5070.29 extra" and that was when the MMA was $3,500. The $5,700 MMA-repackaged-as-ACT-Program means mikef07 will lose 5070.29-3500+5700=$7,270.29 today.

FOLKS, STAY FAR, FAR AWAY FROM AED, ACT, AND THE ACT PROGRAM. I paid off a 15-year mortgage in 66 months and was "refunded" tens of $thousands (ahhh, the language of scammers!), all by myself and without the $3,500 MMA (the forerunner of the $5,700 ACT Program), a spreadsheet or a financial calculator. If I can, you can too, though it may not be wise to lock up your cash in an illiquid asset (your home) in this housing crisis with ~1 million foreclosed homes on the market and more on the way. Whatever you do -- *DON'T* buy the ACT Program!

Wow, way too much to read on that reply. =) I have not submitted the paperwork AED provided me for the refund to my lender yet but I will be sure to follow up once I do. I'm hoping of course to get a check from my Mortgage company but if I have any of the problems getting that money back like you mentioned, I'll be sure to provide that as well. I guess I have another waiting period to see if this was all worth it. haha To be continued...

As for what "overcharges" were found: I had two late fees ($37.50) each that were erroneously charged, a charge of $128 (listed as a "transfer designation" charge) when my loan switched companies, and as for the last one I can't remember what is was but I'll look over my paperwork and be sure to post it. I'd be interested to see what other people are being refunded as well.

It's quite clear your post is to explain how the audit procedure is supposed to go to prospective victims though what will actually happen in reality to prospective victims who do call may differ from your description. I'm not impressed. What are these vague "overcharges" worth $373 that AED found? Both the AED video and you mention vague "overcharges" but neither really says what they are. The refund news stories on AED's websites lacked detail but I looked some of them up and "overcharges" were due to excessive escrow withholding and a lot of those refunds came from legal settlements between lenders and either the FTC or state AGs (if I remember correctly), i.e., lenders had to be either threatened with a lawsuit or were actually sued. And many stories reported an average refund of a few $hundred per homeowner, not the $thousands claimed by the AED letter. Now if I remember my mortgage transactions correctly, escrow withholding is held by the bank but remain the property of the homeowner so while banks may have charged excessive amounts, these withheld amounts have always been, are, and will always be the homeowner's property, any remaining amount will be refunded to the homeowner anyway. If these "overcharges" are escrow withholding, it seems idiotic to pay $149 to learn the bank's been withholding a bit too much escrow and which will come back to you anyway! In truth, the $149 audit is only to induce potential victims to call up and give ACT Program salesmen a chance to separate victims from their money.

Your $373 is only what ACT *SAYS* is a refund due you and to get a *CASH* refund from your lender, you'll have to sue the lender in small claims or hire an attorney at $hundreds/hour to fight your lender in court for months? years? with uncertain outcome. Who decides if the "overcharge" found by ACT is legit? ACT? Your lender? A judge? Who? Your lender is under no legal obligation to honor and refund the vague "overcharges" claimed by a third party like AED. Your lender has a signed, legal mortgage note in hand and there is no way in hell he's going to give back any money without a fight (if indeed there are vague "overcharges" to be found within the mortgage). Re. "the guy gave me a rebate code I was to use if I didn't get a refund from my lender," that's *NOT* a refund, that's a *REBATE* on something that you have to spend more money on to get but you don't really say a rebate for what, do you? Is it the ACT Program? Do victims get a $149 rebate on the ACT Program if their lender won't refund the "overcharges?" Whoopee! Why do have a feeling that all victims will never get cash refunds from their lenders but will be sold the ACT Program to recover refunds of interest overcharges on their mortgages without the need to hire an attorney and with a rebate of $149?

Re. "I never heard anything about it costing $3,500 though. Don't know where people are getting that from," there is none so ignorant as he who will not read. My previous exchanges with shills "City 1st Mortgage" and "Jackson R" above describes the ACT Program as a repackaged $3,500 Money Merge Account which, unbeknownst to me then, had been re-priced to a $49.95/month pay-as-you-go fee. The $3,500 MMA is described by "Former UFirst Agent" on this page http://800notes.com/Phone.aspx/1-877-676-5557/6 who states "Approximately 1-1/2 years ago, prior to giving exclusive marketing rights to Market America, UFirst allowed Market America sell MMA for $1,995 without the knowledge of UFirst agents who were required to sell MMA for $3,500." Isn't it *BIZARRE* that AED doesn't post the $49.95/month price on their website (wasn't there when I visited)? In fact, it never really mentions the ACT Program in any detail on their website, just vague obtuse references to no refinancing needed. Why not? Since you "can understand a company showing you other products they offer" when you call in re. the audit, why won't AED describe the ACT Program on their web site to visitors who surf by? After all, it brings in $5,700 per sale versus a measly $149 per mortgage audit. Now $49.95 is a deceptively small amount compared to $3,500 but the present value of $49.95/month for ~10 years at 1% APR compounded monthly (what savings accounts are giving though inflation is probably higher) is ~$5,700 which is *HIGHER* than the $3,500 MMA and *OVERPRICED* according to "City 1st Mortgage" because banks are offering similar schemes "from 1700 to 3800."

To find out more about the MMA and its pricing, simply google "money merge account scam". Shills always seem to be stunned and helpless whenever the need to research scams on the internet arises.

This many shill posts must mean AED wants to use this phone number to sell the ACT Program. mikef07 states at the top of http://www.fatwallet.com/forums/finance/741118/?start=914 that "The results do show that by using the MMA software it would cost me $5070.29 extra" and that was when the MMA was $3,500. The MMA-repackaged-as-ACT-Program at $5,700 today means mikef07 will lose 5070.29-3500+5700=$7,270.29 today. Yes, you will *LOSE* money if you buy the ACT Program to pay off your mortgage early and recover refunds of interest overcharges. At the top of this page here http://www.fatwallet.com/forums/finance/741118/?start=1993 natejennings, a MMA sales agent for United First Financial (the marketing arm of AED to sell the MMA), admits that the Do It Yourself (DIY) method of simple prepayment of principal *BEATS* the MMA.

FOLKS, DON'T BUY THE ~$5,700 ACT PROGRAM. YOU CAN PAY LESS MORTGAGE INTEREST AND RETIRE YOUR MORTGAGE EARLY YOURSELF FOR FREE! FREE! FREE! (if you want to but you may not want to tie up your cash in an illiquid asset (your home) in the current housing crisis with ~million foreclosed homes on the market and more on the way). Remember it may not be smart financially to pour your cash into an asset that may be currently worth *less* than what you owe the bank; it all depends on your individual circumstance.

I got the ACT letter as well, and after calling the number listed a gentleman explained what a mortgage audit is and why I got the letter. It all made sense to me and I went ahead and gave them my CC#, I was transferred to an Auditor and they did some analysis on the different options I had with my mortgage which I found very helpful. After receiving their welcome email, I decided to Google Accelerated Equity and Development (since Act brought up a ridiculous amount of result) and I came across this site. Needless to say, all the negative feedback had me second guessing my decision. Since the $149 for the audit was already charged to my card, I decided to wait it out and see what happened. I got the email showing me my overcharges 2 days ago totaling $373. So to those who are all up in arms about this company being a scam, my experience has been nothing but pleasant. Granted, after taking out the $149 I only gained $224 but hey, I'll take it!!

I had the whole call about the ACT Program as well where they showed me the system which took about 12 minutes. I politely declined to enroll in that service and the guy gave me a rebate code I was to use if I didn't get a refund from my lender. If I understood correctly, if I wanted to enroll in the Act, I would be charged $49/month and able to cancel at anytime. I can understand a company showing you other products they offer and for some, I'm sure it can be a useful tool. I didn't see any benefit to me and that was the end of it. I never heard anything about it costing $3,500 though. Don't know where people are getting that from.

All in all, I thought I'd post my experience with the company for anyone thinking about doing business with them. That way you don't have to worry like I did for the 3 weeks it took for the process to complete...

Who did your audit?

This is precisely how shills operate -- evade concrete comment with senseless sentences like "I agree, But if you are going to have someone AUDIT your loan, even if it is to just get the peace of ming knowing everything is going smoothly." There's nothing wrong with victims' loans, it's ACT that's injecting doubt into victims' minds and creating an opening to relieve them of their money.

"You can always just cancel the ACT program ... you are not out any money in the long run, and you're back in the same position you were in before" is completely *FALSE*. You are out $50/month for the months you were scammed to get on the ACT Program. That $50/month could have gone towards prepaying principal on your mortgage -- the same technique used by the ACT Program to get interest "refunds" from your mortgage -- so buying the ACT Program has a long-term negative effect on mortgage term and interest costs. Definitely *NOT* in the same position as before because without the ACT Program, even more of my mortgage would have been paid off using the $50/month. This is typical twisted reasoning used by shills.

Re. "if they were do an audit for free," well, this is what ACT is offering to do if they find no errors/overcharges. ACT is offering it without any coercion from me but ACT has no intention to give refunds in reality (per my previous conclusion) so your phrase misleads. ACT can use a creative definition of "overcharge" to include future interest costs on your mortgage that can be avoided by buying the ACT program so there will be no audit refunds.

Re. "Don't you think it would be a little tough for them to get that money from  people after the work was already done?" no, I don't. If you put a *CASH* refund in my hands today, I'll write you a check for $149 today with grateful thanks. But that's not going to happen, is it, because the refund is only what ACT *SAYS* is a refund due me and to get a *CASH* refund from my lender, I'll have to hire an attorney at $hundreds/hour to fight my lender in court for months? years? with uncertain outcome. Who decides if the "refund" found by ACT is legit? ACT? My lender? A third party? Who? My lender has a signed, legal mortgage note in hand and there is no way in hell he's going to give back any money without a fight AND YOU KNOW IT! That's why ACT wants my $149 up front! ACT finding a refund is *NOT* the same as *CASH* in my hands, is it? And I will need a *valid* mailing address to send my check to ACT. Given that there is *NO* address on the letter, maybe ACT doesn't want to be found and perhaps why ACT *CAN'T* take payment on the back end -- grateful customers (not victims) will need a valid address to send checks to that ACT *DON'T* want to provide.

FOLKS, STAY *AWAY* FROM ACT, THE ACT AUDIT, AND THE ACT PROGRAM!

This is precisely how shills operate -- change the subject to dodge irrefutable statements. I say the refund policy, per your description, is useless and you say don't-buy-it-then but *NEVER* refute my refund-policy-is-useless reasoning. I'm right then -- the refund policy is *USELESS* for the reasons I provided previously.

Re. "they don't charge 3,500 hundred. They charge 49.95/month," thanks for the info (I won't mess with you on "3,500 hundred" though it is tempting). The present value of 49.95/month for ~10 years at 1% APR compounded monthly (what savings accounts are giving though inflation is probably higher) is ~$5,700 so the price has gone up from $3,500 to $5,700 with some risk that customers will bail out earlier before the ~10 years is up. Changing to per-month pricing is smart from poor economy as fewer victims can come up with or borrow ~$5,700 today. Though victims can bail out early, this software is an ongoing bookkeeping exercise (you keep entering income, bills, expenses, etc. for years and years because all these numbers change over time) where if you bail out, you won't get future interest "refunds." And it's so *BIZARRE* that the 49.95/month is *NEVER* shown on the website! Why hide it? Was it *just* added to the website and why you can go public with it now?

Re. "THE SCAM IS IN THE MARKETING AND NOT THE SERVICES?????," well, yes, and your reply just proved the second half of that statement and you and I can argue about the SCAM MARKETING part. The ACT Program for 49.95/month works and is not a scam, right? AED would never sell software that doesn't work or is a scam, would it? Therefore there is no scam in the product/service, right? This proves the second half, now for the SCAM MARKETING part. The scam is in the marketing where the video starts off with ambiguous "overcharges" and "refunds" but overcharges and refunds of what? Fees? Interest? The video *NEVER* really says, does it? Then the video launches into alleged evils of the 30-year FHA amortization loan, shows the $231,677 interest charged on a 30-year, $200,000, 6% loan and mentions something to the effect that banks have been benefiting from this for years (insinuates amortization loans generate excessive interest for greedy banks while in fact $231,677 is the correct, properly-calculated total interest per amortization equations you can find in any handbook). It's not as scammy as the old MMA that claimed to cut years off your mortgage with no change in lifestyle which is simply false but it's still pretty scammy. A victim can be led to believe he's been overcharged on interest that can be "refunded" by using the ACT Program. There are no outright lies, it's all ambiguous implication -- I call this SCAMMY MARKETING. And all to get victims to agree to pay 49.95/month for *YEARS* which is a lot more valuable than a single payment of $149, isn't it? The gold is in the 49.95/month, not the one-time $149, do the math.

If "Your bank will charge you anywhere from 1700 to 3800 for the same type of deal," is true, then AED is *OVERCHARGING* at ~$5,700 (the present value of 49.95/month for 10 years at 1% APR compounded monthly) to pay a 30-year mortgage in 10 years' time. The $5,700 estimate will be higher if you stay on longer than 10 years, will be lower if you stay shorter than 10 years or if bank rates go up, e.g., if rate is 5% APR, the present value is ~$4,700 -- still *HIGHER* than the 1700-3800 that you say banks charge. Victims can bail out but then AED may say (I conjecture) they won't get the "refund" then since to get the full "refund," you have to stay on the program for the whole shorter term. It's perfect Catch-22!

Folks, you can do the same thing yourself for FREE! FREE! FREE! Let's use the same 30-year, $200,000, 6% APR compounded monthly example mortgage with payment of $1,199.10/month. Note that interest "refund" used to be called interest "savings" in the old Money Merge Account software. Interest "refund" and interest "savings" are DUMB concepts but I gotta use the terms that I believe AED is using to mislead victims.
If you pay $1,199.10/month, loan is paid off in 30 years, interest cost is $231,677, interest "refund" is $         0.
If you pay $1,288.60/month, loan is paid off in 25 years, interest cost is $186,582, interest "refund" is $ 49,095.
If you pay $1,432.86/month, loan is paid off in 20 years, interest cost is $143,887, interest "refund" is $ 87,790.
If you pay $1,687.71/month, loan is paid off in 15 years, interest cost is $103,789, interest "refund" is $127,888.
If you pay $2,220.41/month, loan is paid off in 10 years, interest cost is $ 66,449, interest "refund" is $165,228.
If you pay $3,866.56/month, loan is paid off in   5 years, interest cost is $ 31,994, interest "refund" is $199,683.
See how simple this is? The more you pay (and also the earlier in time you pay it), the lower the interest cost and the higher the interest "refund." There is no optimum operating point -- it's just brute force pay-it-down as fast as you can (or want to) to pay the minimum interest cost (and to get the maximum interest "refund"). Monthly payments don't have to be exactly any of those numbers either -- if you pay $1,900/month, you'll pay it off in about 12.5 years. Just set up an auto-pay with your bank AND *NO* NEED TO PAY 49.95/month FOR THOSE 12.5 YEARS OR $7,492.50 TOTAL FOR THE ACT PROGRAM, IS THERE? In fact, that 49.95/month you're paying AED for the ACT Program COULD GO TOWARDS YOUR $1,900/month MORTGAGE PAYMENT INSTEAD OF AED, COULDN'T IT? SEE HOW DUMB IT IS TO BUY THE ACT PROGRAM? DUMB! DUMB! DUMB!

Thanks for the "brave" compliment but there was no need, it doesn't take any bravery to come on 800notes really.

"may well be true but IS TOTALLY USELESS BECAUSE THE ACT PROGRAM WORKS OVER *YEARS* TO GET "REFUNDS." The 3-day Federal cooling off period won't help here. The AED works-if-used-as-prescribed guarantee is ironclad because the ACT Program is a works-but-superfluous scam product. So no, AED won't give any refund, why would they with an ironclad guarantee and a works-but-superfluous product/service where THE SCAM IS IN THE MARKETING?"
Well, Smart one, ACT program is completely optional. So be smart enough to uh... I dunno? CANCEL the ACT program before you start it?? And they don't charge 3,500 hundred. They charge 49.95/month.

in business for 14 years. You think if they were a scam they probably woulda been shut down a LONG time ago" is "*FALSE* for any scammer selling a works-but-superfluous product/service where THE SCAM IS IN THE MARKETING. The Feds can't sue them in court for a works-but-superfluous product/service so AED works in broad daylight in full view of the law without fear because THE SCAM IS IN THE MARKETING, not the product/service. Want to pay me $3,500 to learn another way to tie your shoelaces?"  THE SCAM IS IN THE MARKETING AND NOT THE SERVICES????? MAKE SURE YOU CHECK WHAT YOU"RE SAYING BEFORE YOU PRESS ENTER BUD  If the scam is in the marketing, that's because they are selling a PRODUCT THAT DOESN'T WORK! If they get refunds back for 17% of the comsumers, its worth trying to see if you can get that money back. By law they have to pay you your investment back if they cant help you. Don't SIGN UP FOR THE ACT PROGRAM AND YOU WONT BE CHARGED FOR IT. Weird how that works. Just so everyone doesn't listen to this tard on here posting useless rebuttals. the ACT program helps you monitor your mortgage and helps you pay off your home quicker. Your bank will charge you anywhere from 1700 to 3800 for the same type of deal. THE ACT PROGRAM IS 49.9/mo. and there is no contract. so YES, it can help. My name is J.D. Fife, I am  a real estate agent for city1st mortgage. I know who these guys are and the owners run their company by the books. don't let brave people like ANONYMOUS, who probably are too afraid to even walk out their front door, scare you away from a good opportunity

Also if they were do an audit for free, then expect you to send them a check in the mail if they find a refund. Don't you think it would be a little tough for them to get that money from  people after the work was already done? Since, if there is a refund owed, the banks or lenders have to send the check to the consumer directly in the mail. I've been in the real estate industry for over 20 years. I think I'm pretty savvy when it comes to this.

I agree, But if you are going to have someone AUDIT your loan, even if it is to just get the peace of ming knowing everything is going smoothly. You can always just cancel the ACT program "like myself and my wife did", you are not out any money in the long run, and you're back in the same position you were in before. What people are saying on here is that AED will just take your 149, and run which is not the case. So I would recommend that people atleast try the audit out. It cant hurt. Then if you do not want to do the ACT program for 50/ mo. just let them know you dont want it as I did.

Fortunately, we're not as easily misled as you. If AED has a refund-if-we-find-nothing guarantee, it would be much simpler and cheaper to *NOT* charge everyone $149 up front but only charge the $149 on those particular loans where "overcharges" were found. Suppose AED has 1 million customers this year and no "overcharges" were found. This means AED would have to charge and refund $149 a million times -- that's 2 million card transactions -- without earning a single $dollar of income. At perhaps ~10 cents/transaction cost born by AED, that's $200,000 in card-transaction expenses without a single $dollar of income. However, transaction cost is easily covered by the $149 charge if AED will only charge on the back end *AFTER* overcharges are found. Customers can verify "overcharges" with their lenders and will *GLADLY* pay AED the $149 on the back end. I would pay AED on the back end, wouldn't you? Makes more sense for AED to charge on the back end, doesn't it?

Then I found Don't do it's 2 Feb 2011 reply to You Know One of Those here (well, no, I had actually come across it earlier :)) http://800notes.com/Phone.aspx/1-866-688-5904 that states "I asked the representative, why charge the $149 up front and not charge it when you get the refund, and the representative responded, "We don't work for free".  I inquired with the representative as to how easy it was to get the $149 returned if they could not get a refund and the representative responded "Mr. Pulido, if you don't have the $149 or don't want it floating around for two weeks, then maybe this isn't a good idea for you.  We will help someone else and good luck". The conversation ended." WOW! What an obtuse, evasive answer! AED refuses to tell customers how easy it is to get the guaranteed refund if AED fails to find "overcharges!" Does any potential victim reading this really think AED has *ANY* intention of refunding your $149???

But how can AED refuse to refund while giving a refund-if-we-find-nothing guarantee? Well, one way is by creative definition -- the currency of scammers. AED may DEFINE "overcharge" to include future interest costs on your mortgage that can be avoided by paying mortgage principal now and will refuse to refund the $149 because AED did find this "overcharge" that can be recovered without having to hire an attorney at $hundreds/hour to fight the bank if you will only cough up the additional $$$ to buy the $3,500(?) ACT Program, and AED may even graciously agree to charge you an additional 3500-149=$3,351(?) instead of the full $3,500(?). Whoopee!

DON't BUY THE $3,500(?) ACT PROGRAM. YOU CAN ACHIEVE THE SAME RESULTS YOURSELF FOR FREE! FREE! FREE!

BTW, this float-your-$149-for-a-time must be part of the scammer script they lay on you when you call! Hahahahahahaha!

"Any company that offers you their services like this is going to charge you a fee to do so," is irrelevant, so will scammers. So will the grocery store the next time you pick up some groceries (it's called markup). So what?

"They also probably have a time period where all you had to do was call the company and they would cancel your purchase" may well be true but IS TOTALLY USELESS BECAUSE THE ACT PROGRAM WORKS OVER *YEARS* TO GET "REFUNDS." The 3-day Federal cooling off period won't help here. The AED works-if-used-as-prescribed guarantee is ironclad because the ACT Program is a works-but-superfluous scam product. So no, AED won't give any refund, why would they with an ironclad guarantee and a works-but-superfluous product/service where THE SCAM IS IN THE MARKETING?

"in business for 14 years. You think if they were a scam they probably woulda been shut down a LONG time ago" is *FALSE* for any scammer selling a works-but-superfluous product/service where THE SCAM IS IN THE MARKETING. The Feds can't sue them in court for a works-but-superfluous product/service so AED works in broad daylight in full view of the law without fear because THE SCAM IS IN THE MARKETING, not the product/service. Want to pay me $3,500 to learn another way to tie your shoelaces?

"Typical skeptical consumers think anything they haven't had any experience with is fraudulent" is a false assertion. Haven't had any experience with electric cars but I think the electric car is not a fraudulent product. See how simple it is to debunk your false claim? If I "must not have paid much attention in the SCUM BUST ACADEMY," then you must have failed miserably in the SCAM SHILL ACADEMY. SCAM! SCAM! SCAM! SCAM! SCAM!

"all the bad comments on here are from people who didn't have any real experience with these guys. Shouldn't that mean something?" well, nooooo..... I don't have have any real experience with cyanide either and I ain't about to try it so *NO* THAT MEANS NOTHING!!! Hahahahahahaha!!!

No, the fact that they pay some flunky like you to shill for them on here says it all.

Honest companies never need to do that. It's a "privilege" reserved for scammers.

You must not have paid much attention in the SCUM BUST ACADEMY. Any company that offers you their services like this is going to charge you a fee to do so. They also probably have a time period where all you had to do was call the company and they would cancel your purchase. Going through the fraud department was a little much. I have not worked with this company but I know who they are. They have been in business for 14 years. You think if they were a scam they probably woulda been shut down a LONG time ago. Typical skeptical consumers think anything they haven't had any experience with is fraudulent. Do your research people, all the bad comments on here are from people who didn't have any real experience with these guys. Shouldn't that mean something?

Got the same letter. Called in to see what it was all about even though everyone on here has bashed the company. After sitting on hold for 10 min, I spoke to one of the reps and they explained why they dont put the company name on the letter. Said they have too many people call in thinking they are a broker and can help refinance, so they do not put the company name. They said upfront that they cannot guarantee a refund from your lender. The reason we all have received the letter is we are in a higher probability that some overcharges may have occurred at once, or may still be occurring. Anyways, they did an audit for me for $149.00 and it took about two weeks. I was not overcharged on my loan, so they gave the 149 back. Not much of a SCAM if you ask me. Its worth floating your money for a few days if you can get some money out of it. I fully back this company on their operation

The company is AED = Accelerated Equity & Development but doing business as ACT = Accelerated Cashflow Technologies.
AED's business license https://secure.utah.gov/bes/action/details?entity=1429559-0142
No Utah business license exists for ACT.

The $149 refund-overcharges audit is just the come-on to up-sell you to the ACT Program which is nothing more but repackaged Money Merge Account software to shorten your mortgage loan and "save" you hundreds of $thousands in interest. The truth is you can do the same yourself for FREE by simply paying extra principal with every regular mortgage payment -- the more extra principal you pay, the earlier you pay it, the shorter your loan will be and the less interest you will pay. The MMA uses the same prepayment of principal to reduce interest charges and shorten the loan but the company claimed the MMA's proprietary algorithm was responsible (false!). The MMA has been thoroughly debunked here http://www.fatwallet.com/forums/finance/741118/  One of the posters there, mikef07, got a MMA agent to run his mortgage numbers, compared it to extra principal payments, and mikef07 says at the top of this page http://www.fatwallet.com/forums/finance/741118/?start=914 that "The results do show that by using the MMA software it would cost me $5070.29 extra." Yes, buying and using the MMA will cause you to *LOSE* money on the deal. At $3,500, the MMA is a NET LOSS for your finances. Do It Yourself really works. I paid a 15-year mortgage off in 66 months without the MMA or a spreadsheet or a financial calculator. I paid about 1/3 of what the total interest charges would have been had I carried the loan to the full 15 years. And I also "saved" tens of $thousands of interest though that "saved" interest *NEVER* left my pocket and I never missed paying it. The concept of "saved" money that you haven't paid out is idiotic -- just think about a used car priced at $1,000,000 and sold at $10,000 thereby "saving" you $990,000. You should only consider whether the car is worth the $10,000 that will be leaving your pocket; the $990,000 "savings" is irrelevant. Don't fall for this "savings" nonsense.

The ACT Program falls in a category of scams where the product/service being sold actually works but is unnecessary or you can achieve the same result yourself at much lower $cost or for FREE. If you knew how to Do It Yourself, you would *NEVER* buy the ACTP because you'd be paying big $$$ for something easy that you could do for FREE. Beware you may not want to tie up your cash in an illiquid asset (your home) in this uncertain economy where there are millions of forclosed homes on the market with more on the way.

"SAVING" MONEY THAT YOU HAVE NOT YET PAID OUT IS A DUMB CONCEPT.

DO NOT BUY ANY PROGRAM TO RETIRE YOUR MORTGAGE EARLY OR TO "SAVE" MORTGAGE INTEREST OR GET A "REFUND" OF FUTURE MORTGAGE INTEREST --- YOU CAN DO THE SAME FOR FREE! FREE! FREE!

These guys are legit. I just got a mortgage audit done. Check em out here. ConsumerServicing.org.
Lots of bad people out there, but this company is great. Call them

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