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**KuRoregioNka** · 10-23-2005, 07:00 AM

The real estate

course is another story. It cost a couple of thousand dollars and I now feel I was kind of pressured into it. I was

contacted by a telemarketer who said that I had to make a snap decision. He told me to listen to one of the Passion,

Profit, & Power tapes, can't remember which one, and he would call back in a half hour. I listened to the tape and

when he called back, I was told this was the only opportunity to take the course. So I signed up.

It wasn't

much different information than the Carlton Sheets type of stuff, except for some motivational thinking thrown in. I

did have a weekly teleconference with a real estate "mentor" from Salt Lake City but never went as far as making any

offers on properties, which was a requirement for the guarantee.

And now, looking back, I think the credit

card advice is very wrong advice. Even if you didn't use the cards, I have since learned that having that much

unsecured credit available is a red flag to mortgage lenders and can actually make it more difficult for you to buy

a house. I did get some useful information from that course but don't feel it was worth a couple of thousand

dollars, even with the "mentoring." And though it's nobody's fault but my own, I accumulated five or six major

credit cards because of their advice and put myself in a bad financial situation with them.

I still have way

too much credit for my comfort. I mean, who needs $25,000 worth of unsecured credit on one card alone?

10-23-2005, 07:00 AM	#1
KuRoregioNka Join Date Oct 2005 Posts 526 Senior Member	The real estate course is another story. It cost a couple of thousand dollars and I now feel I was kind of pressured into it. I was contacted by a telemarketer who said that I had to make a snap decision. He told me to listen to one of the Passion, Profit, & Power tapes, can't remember which one, and he would call back in a half hour. I listened to the tape and when he called back, I was told this was the only opportunity to take the course. So I signed up. It wasn't much different information than the Carlton Sheets type of stuff, except for some motivational thinking thrown in. I did have a weekly teleconference with a real estate "mentor" from Salt Lake City but never went as far as making any offers on properties, which was a requirement for the guarantee. And now, looking back, I think the credit card advice is very wrong advice. Even if you didn't use the cards, I have since learned that having that much unsecured credit available is a red flag to mortgage lenders and can actually make it more difficult for you to buy a house. I did get some useful information from that course but don't feel it was worth a couple of thousand dollars, even with the "mentoring." And though it's nobody's fault but my own, I accumulated five or six major credit cards because of their advice and put myself in a bad financial situation with them. I still have way too much credit for my comfort. I mean, who needs $25,000 worth of unsecured credit on one card alone?
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