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Mentoring Program Purchased--Fraud

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tford2002

Junior Member
What is the name of your state?What is the name of your state? California

I recently was suckered into a real estate mentoring program that I purchased online, and I'm finding that it was not what I thought I was getting. I did research and there are tons of reports about it being fraud and unhappy customers. I know I should've done the research before but it was very high pressure sales and they told me I couldn't think about it. I gave them $1425 split between two credit cards and financed $2000 by automatic drafts of my credit card. Doesn't really seem like alot compared to the amounts that other people got ripped off by them, but I am a single mom and it's all I had. There is also a $39.95 web hosting fee that is automatically debited to my card each month. I kindly asked for a refund in light of the fact that I am not happy and they said there are no refunds, only a 3 day right to cancel. I didn't even get my books, etc until 6 days after they charged my card, which by the way was only 14 days ago. I put the charges on the credit cards in dispute and am sending the credit card companies all the consumer complaints as back up. I also stopped the future payments from being able to go through. Can they sue me if they cannot get those payments? What should I do? Please advise. I'm scared.
 


matti422

Member
Find an attorney to take this or try local consumer protection agencies or the local media (media pressure might help them pursuade the company to cancel your contract). Otherwise, you have a contract. You had three days to cancel and didn't. That's three days to do all this web research which now tells you about all the unhappy customers. I'm willing to bet these websites existed before. You may also want to see if there is a contract clause that allows you to pay a penalty and get out without paying further (probably won't get initial money back unless you take them to court for it, where you really risk loosing). This is very similar to time share stuff, where you have three days to cancel but can't book anything for the first fourteen days and don't really know how useless your timeshare is.

Expensive lesson: research before you buy.
 

dallas702

Senior Member
They probably won't sue because they don't want any attention paid to their scam. Most of those Real Estate "get rich quick" promos are scams. You didn't mention which one it was, but the next time you get the urge go to this site before you spend a dime:

http://www.johntreed.com/Reedgururating.html

Hey....actual useful information!
 
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