Forum Replies Created
- gibbo1 wrote:First of all Nilson your are incorrect – you legally don't have the right to interupt me – I am listed on the DNC list. Is your company one of those that like to disregard this list. Secondly when you ring me you don't know what my current situation is with property investment. I may have a portfolio that is already working perfectly well and enjoying a nice meal – one of my luxuries – to be interupted by a company that wont be able to offer me anything more then what i currently have.
Of course companies don’t know your personal situation. They’re ringing to find out, how else would they know? And it’s very easy to report companies to ASIC for calling if you’re on the DNC register. Personally I wouldn’t call the DNC register list if you paid me because they tend to be the miserable ones that ruin your day. I guess it works both ways.
pwinne wrote:nilson4 wrote:Qlds007 wrote:I am with Alistair they maybe wonderful but anyone who charges upfront for a residential mortgage brokering service linked to debt reduction is taking advantage of you.
I tell you what for half that amount I would do it through in a Financial Plan and provide you with a free email monitoring service for the first 12 months.
Seriously how can someone tell you over the phone they can save you $6500 of Tax rebates.
The quicker these tele marketing companies are out of business the better.
Hi there, I have a few thoughts about Premium Finance. For example, the $6500 rebate mentioned probably would have been a conservative estimate of the amount of income tax Australian property investors can claim back thanks to generous government tax incentives. After all, the government can't afford to support everyone in retirement. Having said that, it isn't a competition between the knowledge of their accountants and yours. The advantage is in the investment options that allow you to claim the extra tax back, options that your accountant may be well aware of, but which you just don't qualify for… yet. It was mentioned above that this company all about creating wealth at a faster rate through property, not just as a mortgage brokering service. So I can't quite conceive how paying $295 for flights, accommodation and a full days wages for at least one employee, all in the name of selling a property by which there's a very good chance of making the customer a lot of money, is taking advantage of someone. As for the telemarketing companies, you should try to look past the momentary interruption of your dinner and consider the idea that while your relaxing at home, someone is working to offer you a service at no cost that could show you how to make a lot of money. There is a reason companies don't squander precious resources on regular forms of advertising. Most notably the fact that telemarketing allows a marketing campaign to focus on particular socio-economic targets suited for their product, i.e. Mining towns with labour oriented persons (unaware of financial strategies) plus high capital growth (unused equity) and high incomes. By now you might have guessed that I've worked for companies like Premium Finance before. Being cautious is healthy and natural but you can use the ASIC website to find information regarding financial companies like this one before making any judgments. All things said and done, if you do your homework and end up with a property, it was probably worth the hurdles and the dollars. Try to keep an open mind about you. Jonathan
so these CHARGE for ITWVs and a few tax hints?
I doubt they would charge for anything until you agreed to it. Their job is to provide a service – they expect you to pay for it. If your uninterested after hearing what the company is all about then you wouldn’t have to pay anything. Companies like this provide the first consultation free because they need you to value their service before you can be expected to pay for it. They will initially tell you what services they provide in regards to your circumstances, after that it will be your decision to proceed or not.
gibbo1 wrote:Nilson,2 comments,
When I am eatting dinner @ home NO ONE has the right to interupt my meal, except for my loved ones. I have had many meals interupted when working in the nursing industry. It just shows how arrogant you and your companies are thinking I would be better off having one of my few luxuries (a quiet meal @ home) interupted.
The ASIC website is only good at warning people once at least one (but normally many) people have been ripped off. These companies keep relaunching and having different front people. Sometimes companies dont break the law when charging people many thousands more for services, just unethical.
Legally speaking, anyone has the right to interrupt you with a phone call before 8pm, however annoying it may be. Besides that, yes I do think you would be better of without your dinner for 5 minutes. How many more luxuries do you think you could afford in your last 20 years if you acquire the passive income of a property portfolio before retirement. If you are lucky enough to achieve this, I doubt you will look back in anger about that “dinner incident”.
Personally my mother also worked as a nurse for 35 years and now she will retire on the pension with insufficient super. If someone had bugged her for a few minutes to get the ball rolling a long time ago, I bet she’d sure appreciate it now.
True, ASIC cannot predict the future, but my point was to do your homework before throwing any stones.
gibbo1 wrote:Nilson,2 comments,
When I am eatting dinner @ home NO ONE has the right to interupt my meal, except for my loved ones. I have had many meals interupted when working in the nursing industry. It just shows how arrogant you and your companies are thinking I would be better off having one of my few luxuries (a quiet meal @ home) interupted.
The ASIC website is only good at warning people once at least one (but normally many) people have been ripped off. These companies keep relaunching and having different front people. Sometimes companies dont break the law when charging people many thousands more for services, just unethical.
Legally speaking, anyone has the right to interupt you with a phone call before 8pm, however annoying it may be. Besides that, yes I do think you would be better of without your dinner for 5 minutes. How many more luxuries do you think you could afford in your last 20 years if you acquire the passive income of a property portfolio before retirement. If you are lucky enough to achieve this, I doubt you will look back in anger about that “dinner incident”.
True, ASIC cannot predict the future, but my point was to do your homework before throwing any stones.
Qlds007 wrote:I am with Alistair they maybe wonderful but anyone who charges upfront for a residential mortgage brokering service linked to debt reduction is taking advantage of you.
I tell you what for half that amount I would do it through in a Financial Plan and provide you with a free email monitoring service for the first 12 months.
Seriously how can someone tell you over the phone they can save you $6500 of Tax rebates.
The quicker these tele marketing companies are out of business the better.
Hi there,
I have a few thoughts about Premium Finance. For example, the $6500 rebate mentioned probably would have been a conservative estimate of the amount of income tax Australian property investors can claim back thanks to generous government tax incentives. After all, the government can’t afford to support everyone in retirement. Having said that, it isn’t a competition between the knowledge of their accountants and yours. The advantage is in the investment options that allow you to claim the extra tax back, options that your accountant may be well aware of, but which you just don’t qualify for… yet.
It was mentioned above that this company all about creating wealth at a faster rate through property, not just as a mortgage brokering service. So I can’t quite conceive how paying $295 for flights, accommodation and a full days wages for at least one employee, all in the name of selling a property by which there’s a very good chance of making the customer a lot of money, is taking advantage of someone.
As for the telemarketing companies, you should try to look past the momentary interruption of your dinner and consider the idea that while your relaxing at home, someone is working to offer you a service at no cost that could show you how to make a lot of money. There is a reason companies don’t squander precious resources on regular forms of advertising. Most notably the fact that telemarketing allows a marketing campaign to focus on particular socio-economic targets suited for their product, i.e. Mining towns with labour oriented persons (unaware of financial strategies) plus high capital growth (unused equity) and high incomes.
By now you might have guessed that I’ve worked for companies like Premium Finance before. Being cautious is healthy and natural but you can use the ASIC website to find information regarding financial companies like this one before making any judgments.
All things said and done, if you do your homework and end up with a property, it was probably worth the hurdles and the dollars. Try to keep an open mind about you.
Jonathan
