TRANSFORM YOUR DEBT INTO ASSET RIGHT NOW!

[E equals MC2]

I hear this stupid dumbass commercial on my news radio every morning. It claims to, just like thousands of other scam ads, take away your credit card debt and also transform that into an asset.

Then you hear 'customer testimony' saying, "I used to $7,000 in CC debt, but 8 weeks later I've just paid off my mortgage!"

Now, I'm not some single-celled fool to think that this thing works but what's got me curious is their blatant outrageous claims. Shouldn't there by some sort of a law against making such out-of-the-world claims without any proven practice backing it? If there is, what his supposed angle to save his ass anyway- What could possibly 'transform' your debt into an asset???? Declare bankruptcy and start a biz?

I can understand weight loss pills and etc, but this one puzzles me.

 

[Linflas]

Originally posted by: E equals MC2
I hear this stupid dumbass commercial on my news radio every morning. It claims to, just like thousands of other scam ads, take away your credit card debt and also transform that into an asset.

Then you hear 'customer testimony' saying, "I used to $7,000 in CC debt, but 8 weeks later I've just paid off my mortgage!"

Now, I'm not some single-celled fool to think that this thing works but what's got me curious is their blatant outrageous claims. Shouldn't there by some sort of a law against making such out-of-the-world claims without any proven practice backing it? If there is, what his supposed angle anyway?

If you listen carefully there will be a disclaimer somewhere that states that nothing is guaranteed and results may not be typical etc. As long as they can prove that the person they trotted out as an example did in fact get results they are "proving" what they say.

 

[dmw16]

I always wonder about those things. I know few people make it work, but what do you usually do? Have them buy lottery tickets or something?

 

[mugs]

Originally posted by: Linflas

Originally posted by: E equals MC2
I hear this stupid dumbass commercial on my news radio every morning. It claims to, just like thousands of other scam ads, take away your credit card debt and also transform that into an asset.

Then you hear 'customer testimony' saying, "I used to $7,000 in CC debt, but 8 weeks later I've just paid off my mortgage!"

Now, I'm not some single-celled fool to think that this thing works but what's got me curious is their blatant outrageous claims. Shouldn't there by some sort of a law against making such out-of-the-world claims without any proven practice backing it? If there is, what his supposed angle anyway?

If you listen carefully there will be a disclaimer somewhere that states that nothing is guaranteed and results may not be typical etc. As long as they can prove that the person they trotted out as an example did in fact get results they are "proving" what they say.

Their intention is still to mislead the viewer, but I have a hard time feeling sorry for someone who'd fall for that crap.

 

[jandrews]

Originally posted by: dmw16
I always wonder about those things. I know few people make it work, but what do you usually do? Have them buy lottery tickets or something?

more luck than anything, this is exactly how they start to get people, you start thinking if you do things just right you can win on their system when that is not the case at all.

 

[HannibalX]

These ad spots are targeted at people who aren't smart enough to manage their money anyway. People who are so far in debt that they will try ANYTHING to fix their problems.

 

[kranky]

I found a comment from someone who borrowed the tapes from their library. This is his review:

1) Make a budget for your family (making sure that everyone buys in to the budget).
2) Cut up your credit cards except one or two for emergencies (FW- substitute paying in full on all rewards cards instead).
3) Put all excess money toward your debts by highest interest rate first (some say pay smallest debts first for psychological benefit)
4) After debt free invest for the future - pay yourself first/alternative income streams.

Nothing revolutionary or unique, but probably effective for people who are clueless about personal finance.

 

[cKGunslinger]

Originally posted by: kranky
I found a comment from someone who borrowed the tapes from their library. This is his review:

1) Make a budget for your family (making sure that everyone buys in to the budget).
2) Cut up your credit cards except one or two for emergencies (FW- substitute paying in full on all rewards cards instead).
3) Put all excess money toward your debts by highest interest rate first (some say pay smallest debts first for psychological benefit)
4) After debt free invest for the future - pay yourself first/alternative income streams.

Nothing revolutionary or unique, but probably effective for people who are clueless about personal finance.

LOL - that's exactly what we did about 4 years ago.

Dammit! I should have written a book!

 

[OutHouse]

XM plays this stupid commercial all the time.

 

[intogamer]

Originally posted by: Citrix
XM plays this stupid commercial all the time.

XM has commercials????

 

[TheSlamma]

Originally posted by: intogamer

Originally posted by: Citrix
XM plays this stupid commercial all the time.

XM has commercials????

:| yep, on any station with talk like CNN or XM Comedy

 

[intogamer]

Originally posted by: TheSlamma

Originally posted by: intogamer

Originally posted by: Citrix
XM plays this stupid commercial all the time.

XM has commercials????

:| yep, on any station with talk like CNN or XM Comedy

So much for commercial free radio?

 

[E equals MC2]

Originally posted by: TheSlamma

Originally posted by: intogamer

Originally posted by: Citrix
XM plays this stupid commercial all the time.

XM has commercials????

:| yep, on any station with talk like CNN or XM Comedy

Well, I don't blame them. Do you expect the host to talk for 4 hours straight without a single break? They need those 2 min commercial breaks to hit the bathroom, recollect their thoughts, or come up with more lame witty comebacks to phone calls.

 

[Demon-Xanth]

What they don't tell you is that the person sold their house in San Jose and moved to Detroit. Thus covering their $7k in CC debts and now they own a house outright.

 

[TheSlamma]

Originally posted by: intogamer

Originally posted by: TheSlamma

Originally posted by: intogamer

Originally posted by: Citrix
XM plays this stupid commercial all the time.

XM has commercials????

:| yep, on any station with talk like CNN or XM Comedy

So much for commercial free radio?

They atleast don't do commercials on the music stations. But the programming lately has been getting very tired.

On the old school RnB it's Stevie Wonder every 4 songs *sarcasm but seems true after awhile* and on any 80's or classic rock it's Mellencamp all the damn time. I like Stevie and all but I can hear that on local stations, but I hate Mellencamp so bad I'm lookin at Sirius right now actually.

 

[cKGunslinger]

Originally posted by: Demon-Xanth
What they don't tell you is that the person sold their house in San Jose and moved to Detroit. Thus covering their $7k in CC debts and now they own a house outright.

Heh - good call.

 

[NoShangriLa]

On the side note, is it possible to pay your mortgage with CC for points then pay the CC off in 30 days?

 

[Ns1]

Originally posted by: NoShangriLa

On the side note, is it possible to pay your mortgage with CC for points then pay the CC off in 30 days?

i would presume that would depend on your mortgage company, seeing as how cc's take a huge % cut

 

[Special K]

Originally posted by: NoShangriLa

On the side note, is it possible to pay your mortgage with CC for points then pay the CC off in 30 days?

Here is the closest thing I have seen for that:

FW Link

Rest assured if there ever is a way to do that, there will be a massive thread about it on FW.

 

[MrBond]

Originally posted by: intogamer

Originally posted by: TheSlamma

Originally posted by: intogamer

Originally posted by: Citrix
XM plays this stupid commercial all the time.

XM has commercials????

:| yep, on any station with talk like CNN or XM Comedy

So much for commercial free radio?

Sirius is the same way with commercials on talk channels too I believe. They advertise "100% commercial free music" - which is true I believe since XM has a couple clear-channel music channels that actually have commercials.

I have XM but hardly turn it on any more since I went from a 65 mile one way commute to a 2 mile one way commute. When I was listening, I liked ESPN Radio and it seemed like the commercials were all pretty scammy. They were for debt relief stuff like the OP mentioned, or discount Viagra online. If they added stock-scams in there, it'd almost be like an audio representation of the spam email I get.

 

[RagingBITCH]

Didn't you just ask how to turn a SD video into normal video to be played back on a regular DVD player at 720p? You're one to talk

 

[sao123]

A lot of those things are ad for start your own house flipping business and other things like that.

 

[tm37]

The one I want to get in is that tax lein sale thing

Buy a house for $200 is where it's at

 

[Regs]

I don't even own a credit card. I'm afraid of those damn things. 12% Interest on some thing I should not of bought in the first place? Nooo thanks.

 

[Slew Foot]

Originally posted by: Regs
I don't even own a credit card. I'm afraid of those damn things. 12% Interest on some thing I should not of bought in the first place? Nooo thanks.

So who forced you to buy the thing you dont need?