Thanks very much for your offer. I will send you the email ASAP as I hear from their legal department. I just spoke to their legal representative and he advises that legal proceedings will be suspended until he can investigate this matter until further. He is going to fax me this in writting.
Apparently this legal person has to look at 300+ cases alone. Shows I am not the only person having issues with PCG.
I thank you all for your replys. I certainly will keep u all posted. Cant do anything till monday. Been heavily stressed about this.
The worse thing i fear is they might put a record on my CRA just to piss me off if i take action which could be a major pain to remove i heard.
Worse thing tho is if they do my cra will be tarnished for no reason and it could make my investment future quite bleak. I have a clean record and something like this is just really heartbreaking.
Heartbreaking to the point that there are people out there that really have no remorse or compassion for other people and just care about how to exploit or take advantage of people to make a quick bug.
Can anyone advise of any other bad dealings they had through PCG. ie Refunds or course cancellation.
Man. I tell ya. Trying to get a refund from the NII is like trying to milk a whale. Not impossible but they will make it as hard on you as possible.
I should tell you they once ‘accidentally’ took out money from my credit card without my consent, and it wasnt a small amount, about $3500, for a course i cancelled. I chucked the biggest dummy you wouldnt believe it. I threatend to go to court etc. In the end it took them about 4-5 weeks to return my money. But the emotional stress, all of a sudden i couldn’t pay my bills from that account, is just something really you dont want.
I know a friend of mine couldnt get his money back after a no of days. I dont remember if it was after the 3rd day but he signed up for the 15k course and couldnt get any of it back. He didnt even complete half of it.
When I did the course you were able to choose between a’half course’ for $7400 or the full course for $15000′ And you know what the difference was. The DVD pack. In the $7400 course, you get EVERYTHING included in the full course but without the DVD for reference.
That would have meant that you actually pay $7600 for the DVD Pack and $7400 for the course. HAHA LOL. How can u justify paying over 7k+ for 4-5 DVDs.
I mean for 15k you can do a Post Graduate Degree at Melbourne University in Finance that will lead to an MBA. At least than you have something more credible rather than a “Certificate of Attendance” from the NII.
What I then did was I was still able to get DVDs of another client who wasnt to happy with the NII for FREE.
But I still had to pay the initial $7400.
One thing I learned from the NII is in LIFE dont pay thousands of dollars for these seminars that tend to preach to you they have a magic formulae for wealth.
The best thing I have found is learn from people that have done it before you and listen to people that have the fruit on the tree.
One thing I found most amusing is I dealt with 1 sales rep from PCG one month, a month later they call me up to tell me that my ‘Consultant’ has left the company and that a new person is looking after me. Initially I thought OK. But then 1 month has passed and I get another call and this ‘Consultant’ has left as well. So a new person is looking after my account. And guess what a few weeks later the same thing happend. []. This time the person that looked after my account was a senior manager for PCG. A few weeks later he left as well.
I dont know about you but it would tell you something about a company if you had so many people turnover.
I learned alot from my mistake with the NII/PCG as well. As long as we learn from it so that we are wiser, thats all that counts.
I also did the course but one thing I found really contradicting is HK was telling his students “Always do your market research, get an independant valuation before you buy and DO EVERYTHING YOURSELF” which is fair enough and quite right. No issues with that.
But then he starts promoting PCG. Come to an interview with the PCG sales rep, he tells you “Dont do it yourself. We do all the work for you, buy our properties as they double in value every 2-3 years. But you have to pay us $3500 membership fee just to be included on the list to have the right to buy from us and if you decide to buy a property of us we charge you $6000”. []
Yes I agree the course is not bad. But I have found that HK tells you one thing, then promotes a company ‘PCG’ that tells you basically the opposite.
And people pay 15k for that. Lucky i pulled out of PCG just in time. And i didnt pay the full 15k either.
Gman007 do yourself a favour. DO everything yourself. Why pay someone $9500 to source 1 property for you when you can do it YOURSELF. Use the info. I have found some of it is good and some of it is pretty high risk dangerous. I dont even think most of the NII sales rep/emp use them.
To me paying $9500 plus $15000 to do HK course is an insult. And to hear something contradicting as such doesnt help. Thats $23000 to his course.
Holly crap if you think about you put it down for a deposit for a investment porperty. Or even better buy a couple of OFF the plan properties. But it doesnt stop there. They try and get you into their other course which are around 10k+ as well. Business Mastery, Mezzanine Lending. They still call me today even after i rejected them many times.
In conclusion, NII run good courses but they are not worth paying $15000. Maybe $2000-$3000. And do everything yourself, dont ever rely on other people to find you the ‘best deal’. How would you know it is the best deal if you havent done it yourself before.
I think this is a vey confusing topic. Something really funny happened to me which I thought you need to hear.
After the bank refused to give me 90% due to not enough savings history I rang up eCHOICE and spoke to some guy. He said that “all lenders will require you to have a savings history for a 90% lend” So I told my dad and he went to one of the major banks and law and behold they told him. “Crap, we can lend you 90% I/O with no savings history” They are sending me out the papers now to sign…I’m thinking “what the hell”. Either mortgage brokers dont know what they talking about or certain rules have changed without noone knowing.
My own MB told me you need a savings history, eCHOICE says so and i rang another 2 independant MB and they said the same.
Talk about dissapointing Bank Managers, I saw this guy at a major bank (I wont mention the name, u all know them), whose title was ‘Special Lending Manager’. I thought ‘This guy must have a property portfolio of over 1 million plus’. After talking to him about my properties I asked “Do u own any investment properties? He replied: Oh no the banks wont lendme any loans, I dont qualify for a loan!” What the hell.. A property lender who doesnt qualify to borrow money and is lending out money. Sounds like a oxymoron
Currently thinking of using the NAB, CBA, Rams, Aussie Homeloans. I got pre-approval from the CBA but I think I can get a better deal somewhere else as I dont think I have exhausted all options yet.
I’m also thinking of using a Mortgage Broker so I’m still undecided which lender I will choose for settlement.
Thats a great strategy. I just want to ask you. I have been trying to buy a property for the past 4-5 months but I always get outbidded.
Just a question regarding putting in offers. How do I get a print of multiple offers?
And in order to get the contract of sale, a section 32, dont you need to make a formal offer 1st? In order for me to get the COS, I always had to make a formal offer through the agent which required me to pay a small fee. Or is this agent dependant?