by Raymond » Thu Dec 11, 2008 07:02:03 PM
Woops, the mortgage calculation question below should have been directed to Debt Freedom Canada, NOT Total Debt Freedom. The former has a misleading logo which makes you think that you're dealing with Total Debt Freedom, which is the outfit blogger Richard Cooper operates.
There are a whole slew of problems and issues that come up looking at Debt Freedom Canada. Nothing about them seems to add up and I mistook the name for Cooper's business, which was the first debt settlement co. being plugged on the forum this morning.
There are so many of these corporations operating out of someone's basement, and contrary to the impression Richard Cooper creates on his website, debt settlers are NOT regulated by FSCO.
Heck, K&G Debt & Credit Professionals, the second company Monty was promoting, are so professional they don't even list a business address.
And the third debt settler Monty advertised is from his home town. However, I managed to convince him to delete it because the owner got his business diploma from cheapdegrees.com for $239. The guy previously threw a temper tantrum and tried to get me banned from the site because I had the nerve to call him out on it.
Richard Cooper, at least, lists a small unit in an industrial mall on 2750 14th Avenue in Markham, Ont. which, coincidentally, is right by where I stop for coffee all the time.
I notice none of these people list any legitimate business or financial degrees or diplomas except for sundry "Certified Debt Arbitrator" certificates, which is a mail in course you can send away for that apparently has no prerequisites.
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To: Richard Cooper, Total Debt Freedom
Re: Mortgage Amortization Schedule
Could you please include details of the $140,000 home mortgage you are amortizing on your website that's supposed to discuss your fees (but doesn't). Can you indicate the range of your consultation fees?
I notice you operate in Markham but say your clients' houses had an average market value of $200K. Where would you such a home for that amount anywhere? Certainly not in the GTA. Also, are all those cash flow summaries unadjusted for inflation or are some discounted cash flows? If so, what interest rate were you using? (It's not 6.75%) Can you post the details?
I ask because I notice your 6 employees took in revenue of $807K.
Just wondering.
Ray