- Report: #81908
Complaint Review: Primerica - Toronto Ontario
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Primerica
4515 Chesswood Drive Toronto, L0P 1N0 Ontario, Canada
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Primerica ripoff Primerica uses resumes to gain new contacts-they hire anyone who is dumb enough to fall for their get rich scheme Toronto Ontario*UPDATE: Primerica gets a POSITIVE rating from Rip-off Report in customer support & satisfaction. Primerica pledges to resolve complaints from the past, present and in the future, and give 100% commitment to customer service-say Company Executives!
I was called by a sales agent telling me that i was recommended by a business associate to open a new office and manage people in a growing compony affiliated with City Bank. THey didn't have that person's name handy, as it was a month ago. All they did was take my name off someone else's "reference list" on their resume. They had asked them as well as myself for at least 4 referrences on their resume. Primerica does not want your resume, only leads from it for their next attack. I feel really suckered because I gave names of important references. Now I have to call theses people to warn them.
After I went to the meeting, the evening of the interview,I told them that I was not clear on the job description. They told me more will be revealed after they come to my home.
About 50 people were in the room. Maybe two or three looked liked they might have the ability or experience to run a company. Most poor souls looked like they were there to find an immediate solution to their debt overload, get rich really qickly and live happily ever after.
They did a wonderful sales pitch at my home although I was weary the whole time they spoke and knocked life insurance. I told them that my policy was excellent for my needs and it was important for me for tax reasons to keep my policy.
All their examples are for young people who have 50 years to save their money. What about people in their late 50's and 60+.
Are they going to cancel a policy they have had for years, take theirs at new rates for older folks and get no insurance when they die. If this is helping people, I say BEWARE. I think their motto should be "we will spend your kids inheritence for them"
While they were in the kitchen, my son looked up a website. http://primericabuster.bravepages.com/
It says it all. If you have already paid and cannot get your moneyback, take the course and you might learn a few tips about future planning --but not their way. Then go and pay a consultant a few hundred dollars and get sound advise that pertains to your own situation. If you cannot afford one, talk to your bank...they will talk to you despite what "they" tell you.
Look at the positive outcome and that is it makes you sit down and reassess your financial picture and you can figure a way to seriously reduce your debt in an honest and logical way without takeing advantage of others and then you can look yourself in the mirror every day.
They did mention that the average consumer charges about $550 a month on his/her card. That consumer can only pay $150 off a month or maybe only make the minimum $30-$50 payment a month. That means that by paying, for example, $100 off a month you are still accumulating a debt of $5400 per year. They tell you to consolidate, make a smaller payment and invest the rest in their mutual funds. What they do not tell you is the hidden fees for the mutual funds, and that there is no guarantee for the getting 12% on your money. So you have increased your mortgage (your assets), paid them about 3 grand for mortgage brokers fees (which could have gone agaist your card), and you increased your mortgage payment and reduced your equity. THe solution is to slow down on your buying. Do I need this or do I want this. If you can only pay $100 on your card, spend only $50 if you have to and use the other $50 to pay down the existing card. Learn to say no to yourself and your kids until you can see the light! No magic get rich scheme will get you out of debt.
good luck!
Natalie
Terra Cotta, Ontario
Canada
After I went to the meeting, the evening of the interview,I told them that I was not clear on the job description. They told me more will be revealed after they come to my home.
About 50 people were in the room. Maybe two or three looked liked they might have the ability or experience to run a company. Most poor souls looked like they were there to find an immediate solution to their debt overload, get rich really qickly and live happily ever after.
They did a wonderful sales pitch at my home although I was weary the whole time they spoke and knocked life insurance. I told them that my policy was excellent for my needs and it was important for me for tax reasons to keep my policy.
All their examples are for young people who have 50 years to save their money. What about people in their late 50's and 60+.
Are they going to cancel a policy they have had for years, take theirs at new rates for older folks and get no insurance when they die. If this is helping people, I say BEWARE. I think their motto should be "we will spend your kids inheritence for them"
While they were in the kitchen, my son looked up a website. http://primericabuster.bravepages.com/
It says it all. If you have already paid and cannot get your moneyback, take the course and you might learn a few tips about future planning --but not their way. Then go and pay a consultant a few hundred dollars and get sound advise that pertains to your own situation. If you cannot afford one, talk to your bank...they will talk to you despite what "they" tell you.
Look at the positive outcome and that is it makes you sit down and reassess your financial picture and you can figure a way to seriously reduce your debt in an honest and logical way without takeing advantage of others and then you can look yourself in the mirror every day.
They did mention that the average consumer charges about $550 a month on his/her card. That consumer can only pay $150 off a month or maybe only make the minimum $30-$50 payment a month. That means that by paying, for example, $100 off a month you are still accumulating a debt of $5400 per year. They tell you to consolidate, make a smaller payment and invest the rest in their mutual funds. What they do not tell you is the hidden fees for the mutual funds, and that there is no guarantee for the getting 12% on your money. So you have increased your mortgage (your assets), paid them about 3 grand for mortgage brokers fees (which could have gone agaist your card), and you increased your mortgage payment and reduced your equity. THe solution is to slow down on your buying. Do I need this or do I want this. If you can only pay $100 on your card, spend only $50 if you have to and use the other $50 to pay down the existing card. Learn to say no to yourself and your kids until you can see the light! No magic get rich scheme will get you out of debt.
good luck!
Natalie
Terra Cotta, Ontario
Canada
