Is this scheme as bad as it seems?
A friend has been introduced to a scheme using software with algorithms to tell her and her hubby when to pay their mortgage and other bills. It will, she has been told, shrink their 30 year mortgage term to six years and pay the cost in full. She stacks shelves and he drives a truck. They are about, six months into a $196,000.00 mortgage on a new home.
They have to put everything into one bank account, salary cheques and everything, and pay mortgage, bills, etc when the software tells them to.
It sounds like a get-rich-quick scheme, but not for them. Do you have any advice I can pass on to my friends who are VERY interested in it.
I am naturally suspicious of anything that offers to fix things that are hard to fix with consummate ease. The scheme will cost them $3500.00 to buy from the silver tongued salesman who speaks a language they do not understand and blinds them with technical jargon and his sunny disposition. Is the salesman the only one likely to benefit from this?
1. Are you familiatr with schemes of this type?
2. What would you advise them?
M:)RGANITE