newhope Posted September 21, 2008 Report Share Posted September 21, 2008 Is this a scam?? Link to comment Share on other sites More sharing options...
willingtocope Posted September 21, 2008 Report Share Posted September 21, 2008 AH....I'm gonna say yes...http://www.hottestbusinessreviews.com/johncummuta.html Link to comment Share on other sites More sharing options...
newhope Posted September 21, 2008 Author Report Share Posted September 21, 2008 thanks. I thought so Link to comment Share on other sites More sharing options...
Jackie2 Posted September 21, 2008 Report Share Posted September 21, 2008 as my mother always says..."the grass is always greener over the septic tank."I think that might apply to that scam...lol. Link to comment Share on other sites More sharing options...
jestor151 Posted September 22, 2008 Report Share Posted September 22, 2008 I'm not sure about this particular offer's legitimacy, but I can say he offers some reasonable advice. It's basically a debt-snowball kind of thing. I wouldn't bother buying his "program". Just check out his book from the library. Link to comment Share on other sites More sharing options...
CreditFixCD Posted September 23, 2008 Report Share Posted September 23, 2008 I don't know for sure yet! but anything that sounds too good to be true usually is.I've been hearing his ad over my local radio for about the last month.He sure is spending a lot on ads. If he is a scam , I would like to know so I can notify the the radio station I lisen to. Link to comment Share on other sites More sharing options...
jq26 Posted September 23, 2008 Report Share Posted September 23, 2008 They can afford to run expensive ads because suckers line up for this crap. There is another program out there that utilizes a HELOC on your home to magically use debt to reduce your mortgage to $0 in five years. Its like a magic credit card balance transfer where the credit card just disappears. For a one-time fee of a couple grand they'll tell you how it works."February 1, 2008: Wayne W from MD. John Cummuta talks in length about the magic of compound interest but fails to consider it when he says you can pay a $100,000 mortgage off in 50 months by adding that extra $1,000 to your current $1,000 monthly mortgage payment. He forgets to say that the mortgage balance still accrues interest and in fact it will take you 68.1 months to pay off the mortgage in his example or another one and a half years from what John illustrates." Link to comment Share on other sites More sharing options...
Darph Bobo Posted September 23, 2008 Report Share Posted September 23, 2008 No, it isn't a scam. I ordered it a long time ago (well, maybe 3 years ago), then sent it back. It is a pretty basic get out of debt course, with slight changes from the way someone like Dave Ramsey would do it.When I was paying off all my debt (just under $70k), I actually used somewhat of a hybrid approach. A mix between John Cummuta's plan and Dave Ramsey's plan. I like bits of each and I used both to get rid of the debt.After originally listening to (and reading) John's plan, I created a spreadsheet that will give you the exact calculations he uses to plan debt payoff. Link to comment Share on other sites More sharing options...
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