Be careful of PCG.

Richmond,

Thanks for trying this matter with ‘A Current Affair’. Good luck!
It might be the only way to expose and eliminate PCG and similar parasites.

Milo

Well put Richo.

Enjoy
AD [:0)]
(Andrew)

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”

Hi vluu27,

I’m reading your post and thinking omigoodness. [] I wish you well in clearing this whole mess up. It’s terrible how organisations start off telling you they’re people oriented & then treat you like a number when something goes wrong. [!] I haven’t had any dealings with them & already I don’t like them. Were you able to speak with any of their consultants? Keep us posted & good luck.

Evelyn []

vluu28 I would be getting legal advice and a copy of your contract !

I really feel sorry for you and not the company, who appear to me, to take advantage of the deficiencies of trusting human nature.

I went to one of their seminars that was supposed to be free and it was by the look of it. However before they began they requested everyone sign a non disclosure agreement within the space of about 3 minutes. Just trying to understand the legal language was a challenge in itself. It was a real pressure situation in which every other poor sole signed the contract and I bet not one of them understand the full implications of the legal language.

Suffice to say, I had reservations as I did not understand the implications of this agreement and thus did not sign and thus was not able to be present at the into seminar. And it smelt like a dirty low life rat !

Funny as I was leaving the room, I heard the presenter say quite rudely, there is one of the 95% of the population who won’t own an investment property. This remark which I overheard combined with the uncertain wording of this non disclosure agreement, was enough to make it clear in my mind that this group was less than honorable, and in my mind a damn con job !

Jeez I’m glad I did not sign that thing ! I feel for those that did, i.e every other poor sucker in the room. About 10 of them.

This group has it down pat. They get em in the room put the contract on the desk, prepare to begin the seminar within 3 minutes and you can’t stay unless you sign. They start the seminar before they collect all the contracts so that people get captured by he opening lines and thus then feel the need to sign for fear they will miss out on this secret stuff, they pretend they have exclusive knowledge of, that will somehow give you the edge over others.

They even had the hide to phone me up and ask me why I left. I explained why and then they tried to offer me a free personal consultation. I declined.

I guess the lesson is;

1) never sign anything you don’t understand unless you are signing something that your own solicitor has tried to explain and approved for signing in representation of your best interest. I say this because the reality is that we do sign many things that we don’t fully understand. But when it involves the potential transfer of money, always be extra careful.

2) Stay clear of any group that tries to put you on a guilt trip or make you feel inadequate in any way. These are the low down tactics they use to make you feel you need their help to survive.

3) really you dont need them, anyone can do it on their own by reading and researching and asking questions on online forums and via property investment information web sites etc… ask widely from many sources, speaking to independant accountants and conveyencors etc… Allow your self 3 to 6 months to educate yourself about property investment, before acting.

By the way, at the end of all this, I did my own research on the net, and now own 2 investment properties ( so go shove it up that property group ) , both tenanted and in total costing me less than $80 per week after tax effects. I bought in high capital growth areas where if the market hold true to estimates I can expect good CG of around 10% for a few years. At present my $500K of properties, is capitalising over $1000 per week in growth. I’m happy.

I say forget these silly blood sucking scoundrel low life groups all together. Do it on your own. You can do it !

That said there a a few groups that dont behave in this way and if you research about them carfeully and get wide and varied opinion, you may find one that suits your needs. But as I said, you can do it without them !

Go to it ! Have faith in yourself. Give credence to your gut feeling. Get balanced views about your pending property decision and go kick some property group ass ! Suck their blood for knowledge and then use it for your own gain ! not theirs.

And never, never, never sign a damn thing with them !

vluu28,

It would not surprise me if the letter is just an attempt to scare you into paying, If they have used underhanded tactics to get everyone to sign they are unlikely to want to proceed with legal action.

Good Luck.

Hey vluu27

I’m sorry to hear of your predicament.

I suggest that you make a journal of all your dealings with PCG – write down the details of every single meeting and telephone conversation you had with them. Try to remember dates (even if it’s a month if you can’t remember the exact date), names and even times, if possible.

That’ll help you if these people try to take it further.

It seems from their conduct that they may have in fact agreed to release you from the contract, if there was ever one in the first place.

As for your credit record – if they have no reasonable basis for putting an adverse report on your record and they do so, I’d call that defamatory conduct.

they’re probably trying to scare or bully you into paying up. In my view, you need to do something to show them that you’re putting up a fight. Ignoring it isn’t going to make them go away – you’ll just be sending them the message that they can keep hounding you with minimal risk of any consequences for their actions. But bluster and angry words is a waste of time too – it needs to be something effective.

One example is to get a lawyer to write them a nasty letter. However, it’s going to cost money to do so, and if they still keep hounding you, it’ll cost more money to defend any claim by them, and to right any wrongs that they do to you.

Best thing to do is to take up Richmond’s offer – onya Richmond (BTW my sympathy to you for having to work the entire weekend – I missed your Eagles-Hawthorn commentary, unfortunately)

Cheers
M

feel free to say you have a contact at channel 9, vluu…

richmond

If they do list it with Baycorp, there are solicitors that can help you get it removed.

Terryw
[email protected]