- Report: #622487
Complaint Review: Mike Ferry Organization - Internet
Reported By:
Bill Stevenson -
Ventura, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Mike Ferry Organization
Internet, United States of America
Phone:
1-800-448-0647
Web:
www.mikeferry.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Mike Ferry Organization Mike Ferry One on One Coaching Deceptive business practices Internet
I have been involved in coaching with MFO since 1987. I use some of the scripts and products and have paid MFO tens of thousands of dollars for their services. When the market was good and we had sufficient funds to pay for MFO coaching the relationship was fine. In 2008 I signed up for my third year of coaching but I told the staff at the event (in LA) that I wasnt sure if I would be able to commit to twelve more months at $1,000 per month because the market was very soft and business was slow. MFO coaches at the event assured me that coaching was exactly what I needed. They assured me it would be fine so I signed up and paid the $1,000 deposit and continued for 3 more months before funds were too low to continue. I sent MFO a cancellation; in writing as specified and I received a call from MFO stating I couldnt cancel until I am one month behind in payments. I took no more coaching calls out of respect for the coaches after all, I wasnt able to pay. One month later I called to let them know I canceled and I thought we were finished. I was WRONG, I received one telephone call from a smart a*s in their A/R department about nine months later, demanding the balance of the funds due from the cancelled contract. I said I thought we were square, I cancelled as the contract stipulates. MFO passed the debt to a collection agency (after spending over $30,000 with MFO over the years) and just today (July 11, 2010) received a SUMMONS from none other than MFO.
Thanks Mike, thanks Sabrina I hope you guys are happy. I will MAKE SURE I tell EVERY REAL ESTATE agent I come into contact with about our experience.
My suggestion is to NOT GET INVOLVED WITH MFO because if you cant pay, you will be sued. If they treat a good customer this way, how do you think they will treat a new customer? I am really disappointed with MFO, I cannot recommend them.
