877-676-5557
Anonimous
Anonimous
2011-12-28 22:30:49
Unknown
I called this co. to inquire about their services and a recording stated the "no longer" provide this service...oh well.
anthony fung
anthony fung
2011-09-13 05:05:59
Telemarketer
Connect client services 888 444 9166 UT
Same things.

loan auditer
Kyle
Kyle
2011-08-30 05:50:42
Unknown
Yes want real names David von Riesen
TC
TC
2011-07-01 16:08:33
Unknown
i went to the BBB link and they are not accredited by the BBB. it says so right on the link u put in. it also shows the business started in 2008 and closed in 2009.
JT
JT
2011-07-01 14:04:08
Unknown
All these bs company's have good BBB ratings. That does'nt mean anything. All you have to do is be sure and pay your dues to BBB and you will get a good rating.

BBB cares about collecting dues not consumers.
anonymous
anonymous
2011-06-07 01:48:11
Unknown
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!
Aip
Aip
2011-06-06 21:04:43
Unknown
Me too. Bad people.
Dso
Dso
2011-06-06 21:04:43
Unknown
Received a letter "A Community Programs, Division of ACT" re:AMTRUST Mortgage.  Was an offer to reduce our mortgage by a specific interest amount... Appears to be a solicitation offer with this number for me to call for more info.  Not calling...
Ciesco
Ciesco
2011-06-06 21:04:43
Unknown
what is the deal with this group? I got the same letter....
anonymous
anonymous
2011-05-25 21:44:56
Unknown
I don't quite know what you'd intended to mean by "cannot be touched by" in "MMA ... cannot be touched by an Excel spreadsheet or mere calculations on paper or on a calculator" but an amortization spreadsheet is easy to use, has to be used only once for the life of the loan, is free, and you don't need to write one, you can use any free amortization calculator on the net. In fact, you don't need anything - not the MMA, not a spreadsheet, not a calculator - to shorten your mortgage loan, just pay extra principal every time you make your regular mortgage payment - the more you pay, the earlier you pay it, the shorter the term and the lower your interest cost will be (this is the DIY or Do It Yourself method, also known as prepayment of principal). A spreadsheet or calculator is only needed if you want to know the shortened term and the exact interest cost. Otherwise, you need nothing. Years ago, I paid off a 15-year mortgage in 66 months, all by myself without the MMA or a spreadsheet. I only wrote a spreadsheet after the note was paid off to better understand amortizing mortgages and ultimately, to argue against MMA agents/shills.

The $3,500 MMA was sold as a program to retire mortgages early and "save" homeowners hundreds of $thousands in interest. This suggestion of a net financial gain (spend $3,500 to "save" hundreds of $thousands) is valid but misleading as the MMA is *not* the lowest-cost option. I've run DIY calculations (spreadsheet) against the MMA (on blogs with MMA agents) and DIY won every time. Both calculations used the same mortgage paid off in the same shortened time; the winning method is the one that has lower interest+software cost. This is the only fair way to compare 2 amortization methods - same amount borrowed, same APR, same shortened term, which costs less? DIY won every time by a few $thousand. There was only 1 case where the MMA cost about $250 less in interest than DIY but when the $3,500 cost was added in, the MMA homeowner suffered a net loss of 3500-250=$3,250. This was the best case for the MMA; in all other cases, the MMA lost even more than $3,250. The agent wants you to buy the MMA because he will immediately get a 4-figure commission out of your $3,500 but what sense does it make for you to throw away ~$3,000?

UFF kept pounding on "saving" $thousands in interest but people need to understand this is just a scammy marketing ploy to help sell the MMA. The concept of "saving" interest is completely silly because "saved" interest does not leave your pocket. What does leave your pocket is the actual interest you pay, i.e., the interest you get to deduct on your tax forms. "Saved" interest is just a number on paper and totally useless. If a $2 can of beans went on sale for $0.75 and advertised as "saving" you $1.25, you should only consider whether it's worth $0.75 and should ignore the $1.25 in "savings." Would you be happier if the can was priced at $5? If so, you'll be "saving" $4.25 though you'll be paying the same $0.75 for the same can of beans. Are you any richer by "saving" $4.25 instead of $1.25? Obviously not. While UFF agents advertise "saved" interest, potential buyers should ignore that, and should ask about the actual interest paid and compare it to a DIY calculation with a spreadsheet or calculator. DIY (spreadsheet optional) beats the MMA every time in lower interest+software cost and will "save" you $thousands *MORE* than the MMA can though no self-respecting spreadsheet author is eager to promote the "savings" nonsense.

Just remember folks, if you buy the MMA, you will actually *LOSE* money on it compared to DIY. If you want to retire your mortgage early at lowest cost to you, then DIY though you should think long and hard before doing so given the current economic climate.
Former UFirst Agent
Former UFirst Agent
2011-05-25 00:42:50
Unknown
May 24, 2011

I have a few things to say about the Money Merge Account and United First Financial:

1.  Unifted First Financial destroyed the businesses and downlines of thousands of Independend Agents by terminating their contracts and selling exclusive marketing rights to Market America;

2.  UFirst sold marketing rights of MMA to Market America approximately 1-1/2 years ago without UFirst agents' knowledge and terminated Independent Agents contracts effective April 30, 2011;

3.  At the September 2010 United First Financial International Convention in Las Vegas, NV, one of the founders, John Washenko, got on stage with tears in his eyes thanking his 'Heavenly Father' for MMA all the while knowing full well that he and the other founders, Skyler Witman, Matt Lovelady and Jonathan Bonnette had already made the move to destroy every line every agent had built up by selling marketing rights, eventually EXCLUSIVE marketing rights, to Market America;

4.  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;

5.  The founders of United First Financial have failed in their moral and legal duty to act honestly, truthfully and in good faith with UFirst Agents and have essentially 'sold out' to Market America;

6.  MMA is a bona fide system for accelerating equity, accelerating debt reduction and increasing wealth and it cannot be touched by an Excel spreadsheet or mere calculations on paper or on a calculator;

7.  Families and businesses could take actions on their own that would result in substantial interest savings on their debts however, most people have not, do not, and will not, take these constructive actions, otherwise, we would not be seeing the enormous numbers of current foreclosures, auto repos, bankruptcies, and rampant mismanagement of money among individuals, families, businesses, corporations and governments;

8.  There is a massive amount of financial ignorance out there and financial education should be taught in every school starting no later than age 10;

9. United First Financial failed in the very area they needed to succeed:  marketing.  If United First Financial  fails, the only people responsible for this failure will be the founders: John Washenko, Skyler Witman, Matt Lovelady and Jonathat Bonnette.

10. The founders of United First Financial have completely and irreversibly lost credibility in the financial market.

Bon Voyage, gentlemen!

Signed: Ex-Agent somewhere on the North American continent.

P.S.  The Message screen malfunctions: it jumps around and the slide bar moves on its own without being clicked on.
anonymous
anonymous
2011-05-15 07:41:47
Unknown
Re. "how do you know all that?", I read.
Re. "what do you do?", if you mean for a living, sorry, won't go there. There are lurking shills and I value my anonymity.
Re. "you even said some real names of those people. How do you know that?", there are several people using some variant of "anonymous" on this thread and I haven't posted names.
lala
lala
2011-05-14 23:53:18
Unknown
thank you!  how do you know all that? what do you do? I saw from messages before you even said some real names of those people. How do you know that?
anonymous
anonymous
2011-05-14 06:50:00
Unknown
I'm guessing the purpose of the letter is to get you through the door so they can try to sell you additional services you may not need. It's not likely you'll get the $149 back for they'll find *something* wrong with your paperwork and keep it. Additional services like a fancier, more expensive audit or the infamous Money Merge Account software (they may call it something else) to pay off your mortgage early and "save" $thousands in mortgage interest. It costs $3,500 (it did back then) and it works as described but you can do the same for free without buying the software -- just pay extra principal every time you make a regular mortgage payment; the more you pay, the earlier you pay it, the lower your interest cost will be. I paid off a 15-year mortgage in 5.5 years (66 months) all on my own without the MMA and "saved" many $thousands in interest. You can read all about it here http://www.fatwallet.com/forums/finance/741118/  The first page has a nice summary of what it's all about. Originally, its marketing was incredibly scammy but it's been toned down considerably since then. The bottom line is they want your money. If these sorts of schemes didn't make them money, they'd quit doing it. I estimate the MMA alone made money in the 8 to 9 figure range for all involved.

Neither the $149 audit or the $3,500 software is a scam in itself. The scam is in the marketing to get you to buy a service that you don't really need. It's like selling ice to Eskimos. Gullible Eskimos can be convinced to buy ice and it's all legal but it's not really in their best interests to spend their hard-earned money on ice, is it, when they have tons of ice up there for free?
lala
lala
2011-05-13 19:38:42
Unknown
... so what's the perpose of this letters? if they collect money and refund them back.. ? to pull out your information?
lala
lala
2011-05-13 17:07:51
Unknown
thank you for the reply. I really just got letter from them and called they told me about millions of $ refunded to home owners and wanted me to pay $149 to start I just decided to find out more about them. That's nice that I found this chat. Thanks again!
anonymous
anonymous
2011-05-13 06:29:08
Unknown
The FTC warns against forensic loan audits here http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm that states "In fact, there's no evidence that forensic loan audits will help you get a loan modification OR ANY OTHER MORTGAGE RELIEF" [emphasis added]. "Other mortgage relief" means a refund in this case. There's a good chance that a $149 audit may only "indicate" you are entitled to a refund but hard proof can only be gotten by a more extensive audit -- perhaps like a $2,300 audit for a $7,800 refund? You'll just be sucked in deeper and deeper. Who determines if any "error" they find is a legit error? The audit company? Your mortgage company? A third party? Who? Even if they find a *REAL* "error" on the mortgage papers, your mortgage company won't simply hand money over just because somebody claims an "error" in the paperwork -- they're not that stupid. Your mortgage company has a legal, signed mortgage note in hand. You will have to hire an attorney at $hundreds/hour to sue your mortgage company with uncertain outcome, perhaps taking months to years, to get any money back. Pretty risky to pay an attorney $hundreds/hour hoping to get a few $thousand back, isn't it?

It's been ~2 months since the last legit post by Derb on 16 Mar 2011 so I hope you're not a shill priming the pump before another flood of letters are mailed. I've seen the shill Q&A song and dance before -- you know, the one where shill#1 asks a question and shill#2 answers s/he had $thousands in refunds and it was so easy and the mortgage company was sorry and the wonderful people at ACT were so wonderful and it all started with this letter in the mail. I do so hope you're not shill#1.
Lala
Lala
2011-05-13 04:26:51
Unknown
So Did anybody got money back from the mortgage company? Did ACT really help? I just got letter from them and they already charge $149 to do mortage audit
Thank you
Neuromancer
Neuromancer
2011-04-26 04:49:07
Unknown
At the very least... IT'S A MARKETING SCAM!

Despite what you read here these people are trying to sell you a service that you probably don't need.

If you think you need a mortgage audit, pick up the yellow pages and find a good CPA.
Neuromancer
Neuromancer
2011-04-26 04:39:20
Unknown
It's the newer, slicker version of the S. African money deal.

Despite the fact that it belongs in the toilet I tossed my unmarked official looking letter into the trash bin.

Don't fall for these scams, despite what some of the scammers that have found these threads say.

They are scumbags and will just take your money.
Donna
Donna
2011-04-14 19:44:37
Unknown
Scumbag!
Anonymous
Anonymous
2011-03-29 23:42:49
Unknown
SOFTTECH PROGRAMING SOLUTIONS
This guy Gary Hobbs is one of the names he uses, its not his real name his real name is David Von Riesen he is only 24, he is not legal, and he is located in  Santa Ana Costa Rica, they have an office with 10 ilegal guys in Santa Ana, the owner of this scam company is call JP , but his real name is Joan Pool Navarrete Bellido ID# 111650931, he is costa rican, they hide his scam company from the Costa Rica government under the name of SOFTTECH PROGRAMING SOLUTIONS ADVISORS SOCIEDAD DE RESPONSABILIDA D LIMITADA  Company #3102551120, they always run from one place to another, renting houses, with a laptop n some phones, they have people in states to pick up the money by western union or moneygram, looking for old naive people to take their money. Costa Rica government cant do anything with them probably you guys can. Hope all the info helps to catch this scumbags, his new name is Paul Worthington, Mark Day its the same people call the Costa Rica Embassy they need the people that got scammed to open a case on them.
Thats where you can call if you receive a call dea call the DEA?s scam hotline at 1-877-792
s/ Karen D. Dodge
KAREN D. DODGE
JOANNIE T. WEI
Attorneys for Plaintiff
Federal Trade Commission
55 West Monroe Street, Suite 1825
Chicago, Illinois 60603
(312) 960-5634 (telephone)
(312) 960-5600 (facsimile

Common do something, they take advantage of old people, taking the money for medicines for them its not fair,
Derb
Derb
2011-03-16 01:39:41
Unknown
Got this letter too. Alrwady reported to local state and federal authorities.
wary
wary
2011-03-13 17:22:01
Unknown
I believe any legitimate company would not send out a solicitation in a plain envelope with no company information on the envelope or the letter, just a phone number to call.  They are either very unprofessional or its a scam.  Either way that's a problem to me.
Cynthia
Cynthia
2011-03-10 01:42:59
Unknown
Thanks for the info, everyone.  I got "the letter" from ACT today implying I was due for a refund of several thousand -- and of course I hoped it might be true.  But I knew it probably was a scam...
anonymous
anonymous
2011-03-05 19:34:43
Unknown
No! Surely you don't shill for free!? What will your scammer overlords say?
anonymous
anonymous
2011-03-05 19:33:20
Unknown
In the world of logical debate, "anyone who uses a marketing tool to promote a legitimate product or service is a scammer" is a strawman or false assertion. We are saying this *particular* loan audit service is a scam, not "anyone who uses a marketing tool" and again, it's the marketing aspect of it and not the service itself that makes it a SCAM. Your hilarity is most comforting for our posts must be crimping your scam to some degree.
I must be a scammer too.
I must be a scammer too.
2011-03-05 17:49:42
Unknown
This has nothing to do with my job. Who said anything about me working for this company. I'll bet I make more in a week than you make in a year because your sooooo scared of everything. Get a life MORON, bet you can't
u r a scammer
u r a scammer
2011-03-04 22:48:13
Unknown
Yes. If the "marketing tool" is a phone and you are cold calling, then there's a 99.99% chance it's a waste of your victims' time and/or a scam. The other .01% DOESN'T MATTER.

Get a real job, moron. Bet you can't!
I must be a scammed too
I must be a scammed too
2011-03-04 22:46:31
Unknown
So basically anyone who uses a marketing tool to promote a legitimate product or service is a scammer? It really doesn't matter to me if people insist that everything is a scam but I just think it's hilarious
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