Here is a case 2 years ago, where the people who attended a trading course and paid large fees were able to get a refund, due to misrepresentation. http://www.asiaone.com/Business/News/My%2BMoney/Story/A1Story20090319-129590.html
Wednesday, September 21, 2011
Be educated and savvy on financial matters
Why do people refuse to pay $20 to attend a 6 hour financial planning workshop organised by FISCA and yet pay $5,000 to attend a 3 day training course on forex trading or get a free talk by a financial adviser who sells them a financial product that takes away more than $5,000 in commission?
When the investor gets conned of their savings and they come to FISCA for assistance, it is too late. There is little that FISCA can do at that time.
When the investor gets conned of their savings and they come to FISCA for assistance, it is too late. There is little that FISCA can do at that time.
Be wary of high pressure selling
It usually starts with an invitation to a free seminar held in a posh hotel. The invitees are treated with an impressive presentation and free food. After that, the hard pressure selling comes in - and those who are not strong willed ends up signing for an expensive purchase - for a $5,000 training course on forex or property investment, or a $20,000 time sharing unit, or a $50,000 land banking plot, a $20,000 wine investment or whatever is being sold.
All that is needed is for the promoter to get 5 people to sign up and they will earn enough income to pay for the expenses of the event, the advertisement and the commission payable to the many well dressed marketeers who are trained to identify and work on the gullible investors.
Like some other people, I have been the victim of this type of marketing a few times during my life. Fortunately for me, the amounts of the purchase are quite small. My biggest purchase was a massage chair costing $6,000. Quite likely, the real cost would have been only one third of the price that I paid. In this case, it was not an impressive talk at a hotel, but a glib talking sales person at a sales booth.
All that is needed is for the promoter to get 5 people to sign up and they will earn enough income to pay for the expenses of the event, the advertisement and the commission payable to the many well dressed marketeers who are trained to identify and work on the gullible investors.
Like some other people, I have been the victim of this type of marketing a few times during my life. Fortunately for me, the amounts of the purchase are quite small. My biggest purchase was a massage chair costing $6,000. Quite likely, the real cost would have been only one third of the price that I paid. In this case, it was not an impressive talk at a hotel, but a glib talking sales person at a sales booth.
In case you Get Bank card Debt Consolidation ... - Finance Help News
In case you Get Bank card Debt Consolidation Support From Outside or Is DIY Possible?
It occurs to just about anyone these days ? no matter how regular a life they live. They think they?re managing their finances just fine until a single day, they realize that they?ve $20,000 in charge card debt and no method to make even the minimum payments. After points get rather out of hand, your charge card business will normally schedule for you a free debt counseling session exactly where they run all your choices by you. Let?s talk about a single in the far more well-liked areas of guidance they offer ? on charge card debt consolidation help.
Let?s start with what consolidation actually is. Most individuals who run themselves into debt do so not on 1 credit card but on several ones ? usually more than five. Paying many minimum payments every month can truly strain on your finances. Club them all into one single balance, and the single combined minimum payment that you just make will have a tendency being far lower than what many minimum pavements could ever be. But that just isn?t the only advantage of going down the consolidation path. Usually, you may arrange issues so you?re charged a lower interest rate as well. Whenever you choose credit card consolidation, your creditors will find some satisfaction in how you will be obviously creating the right issue and not only will they stop producing harassing phone calls, they?ll stop charging you late fees and over-limit charges as well. All you have to do is to pay the consolidation company their monthly payments and all the trouble stops.
So if you get credit card debt consolidation aid from outside or can you do it on your own? Considering how seeking the services of the consolidation company will price something, you can seriously take into account consolidating your charge card debt on your own. You might be most likely already familiar with this ? you just must transfer all the balances you?ve in your high interest cards to whatever card has the lowest interest. As soon as you have transferred the balances off the expensive cards, you still must hang on to them; mainly because if you close them all, your credit history report wouldn?t like that. In case you want, you possibly can go and apply to your new charge card that is certainly manufactured for this kind of consolidation. They charge you very low interest rates.
You could also handle items yourself without external bank card debt consolidation help by applying to your credit history consolidation loan at the bank and taking the income in to pay all your credit score cards down correct away. But you should be certain that you are applying for a credit history consolidation loan and not a personal loan ? since doing that mistake would run you into the poor property inside a hurry.
If you find that all of these are as well hands-on for you, you incredibly could discover bank card debt consolidation assist having a company that specializes in this. Whatever company you end up choosing, you likely want to verify it out with the BBB first to build sure that they are totally legitimate and verify out on the web testimonials well.
If you Get Bank card Debt Consolidation Assist From Outside or Is YID Possible? ? Check Out debt consolidation and debt consolidation loan
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