No, I do not have allergies; however I do have a very busy schedule showing my satisfied Money Merge Account clients manage their cash flow and get out of debt. As a result, I do not always reply to posts as promptly as I would like. Regardless, I did provide the requested analysis here.. http://forums.redflagdeals.com/united-first-financial-scam-warning-568891/12/

We have another agent on Red Flag Deals these days:

http://forums.redflagdeals.com/united-first-financial-scam-warning-568891/5/#post10839780

"KenMc" from Steinbach, Manitoba has a similar M.O. to all the others - defend the Money Merge Account and United First Financial with unsubstantiated claims and outright fallacies. He first identifies himself as a client only, then later admits to being an agent as well.

Oddly, he has gone quiet over the past two days, after I started asking for that MMA analysis he was going to do for us. He seems to share an aversion to numbers and analysis of the MMA with Mortgagewriter. Must be allergies.

I am on Fatwallet.

I do not know any thing more than what I posted. I have a friend who met her perfect match on Eharmony, and he proceeded to take her for a ride on the MMA merry go round.

She bought his story and the MMA program, and she got screwed, twice.

She gave him $4500 to join so he could claim another downstream victim, even after she asked my advice. I told her it was a scam that had been banned out of Aus and the UK, and to stay clear.

Love is blind, or maybe just stupid.

kevlarman,

lol - I just came here to spread the good news. Are you also on the Fatwallet forums?

More importantly, do you have any more information about what laws or regulations UFirst are having problems with? If Alberta has identified areas of non-compliance, if we knew what the issue was, we could forward this to other provinces for investigation.

I suspect that Canadian sales account for a very limited number of MMA sales at this point, and total December 09 sales were only ~278, so they may simply abandon Canada. We'll see.

NOTICE TO ALL ALBERTA, CANADA, AGENTS
Pending further notice, all Money Merge Account® sales in Alberta, Canada, are temporarily suspended. Due to the complex nature of Canadian business regulations, United First Financial® must take additional steps to ensure compliance and therefore your continued success with the Money Merge Account program.

We are also working to obtain special provincial licensing, and will notify all affected Agents when we complete the process. We thank you in advance for your patience as we endeavor to bring the satisfaction of financial self-reliance to our esteemed customers and Agents.

Yes, that info came out during a recent Field Update Call. $495 plus $600 per year? That's $3500 in five years, as I'm sure you're aware.

And as we've shown, even if it were free, the Money Merge Account would still be a bad idea.

a

Calvin, you're right. I wasn't paying attention to your conversation with Sonja at the time. She was out by 5 years and $50K on your sample mortgage. Scary.

As for her claim about mathematicians from the University of Colorado being unable to beat the MMA algorithm, I have no idea how she thought that would stand up to scrutiny. It does make for hilarious reading, though.

Hopefully, UFirst won't last the year. "Small sites", as a UFirst staffer referred to this one, help to get the word out and prevent people from making the mistake of buying the Money Merge Account.

United First Financial must be livid with Sonja for making them all look so clueless. There has been hardly a peep out of a UFirst agent online since.

craig, you left out the 2 most important parts about Sonja Beekley's work....

1) it had to be corrected to the tune of about $50k in DIY's favor. When working with her on a smaple problem, she took a mortgage that was 5 years into paying it off, and put it into both the UFF analysis software and a free mortgage calculator. The mortgage calculator gave her payoff time realative to beginning a new mortgage while the analysis software gave her relative to today. When the payoff times differred by ~5 years, she claimed victory not realizing DIY results was better, just referencing a different starting point (5 years earlier). This from a supposed "17 year mortgage veteran" (hint: a $50k mistake on these size numbers should be noticed without running any numbers....it just stands out as wrong on it's own).

2) she has sworn up and down mathematicians have tried and failed to beat the software...countless times. But nevermind there are now dozens, maybe hundreds of examples all over the net that prove MMA always comes out behind the simple st of approaches.

The level of fraud by UFF agents is astounding. Sonja Beekley belongs in jail.

On October 22nd, mortgagewriter wrote:
"Next time I post, unless I get lazy or busy again, I will have finally completed an objective analysis by trying out the product and assessing its true value, rather than the assumed zero (or negative) value automatically applied by the inhabitants of this virtual Sherwood Forest based upon stories from the village."

Good point, Cream.

Mortgagewriter, you've had 3 months to complete your "objective analysis by trying out the product and assessing its true value".

In the interim, I have completed yet another objective analysis with another UFirst agent Sonja Beekley:

http://www.friendsinbusiness.com/board1/index.cgi/noframes/read/160702

We used Sonja's numbers. The basics:
$200,000 mortgage @ 5.75% ($1298.97 payment)
$10,000 student loan @ 3% ($166.88 payment)
$5,000 car loan @ 7% ($194.07 payment)
$2,500 credit card @ 10% ($100 payment)
$0 HELOC @ 10%

Total of the above payments is $1759.92

Monthly income of $4,400

Fixed monthly expenses of $1,759.92

Current monthly discretionary = $1000

The MMA analysis report showed a payoff in 9.0 years, paying $63,874.57 in interest, on top of the $217,500 total debt, plus the $3500 MMA.

The DIY analysis showed a payoff in 8.33 years, paying $55,210.18 in interest, on top of the $217,500 total debt.

DIY beat the MMA by 8 months, and $8,664.39. The $3500 cost of the MMA was a factor, but even compounded over 9 years at 5.75%, the difference should be $5,788. $2875 was lost just to the inefficiencies of the MMA, and using a 10% HELOC to pay off a 5.75% mortgage.

Sonja's MMA analysis: http://stashbox.org/765432/Happy%20Homeowner.pdf

My DIY analysis: http://stashbox.org/765435/Happier_Homeowner.xls

In this case, the MMA has a negative value. Again. It only took me a few minutes to run the comparison. Mortgagewriter, we've waited 3 months for you to do something similar. Here's your chance to prove me wrong. The numbers, and the spreadsheet I used, are right in front of you.