123 College.com, IN Financial Advisors BEWARE! Parents of college-bound students, save your money! Deerfiled Beach, Florida

I wish I had seen some of the reviews from other advisers before agreeing to associate with these clowns.  The "services" they offer can be helpful in getting more financial aid for some families, but what they offer is mostly common sense and the high school guidance counselors can do almost the same.

They pretend that they have this foolproof system that will have families beating a path to your door.  Don't bet on it!  We had a fledgling college planning business that we wanted to grow.  123 College owner Ronny Jay promised the moon and stars with his "foolproof" system that would "have you making $10,00 per month!"  After nearly $10,000 in fees, marketing costs, rental costs, mailing lists, and everything else they could suck out of us, we had to shut down that business because we had dug such a deep hole without any hope of getting out with these clowns.  The company went out of business Dec 31, 2011, and these clowns called me today demanding that I pay the annual renewal fee! 

Now is where it really gets interesting.  The contract expired two months ago and the only reason it appeared on their radar screen is because some new girl from 123 College called me to ask why I wasn't scheduling any seminars with them!  When I informed them that the company I had been working with was closed down by the owner (who, incidentally, doesn't happen to be me!), they asked if I wanted to renew the contract.  I WAS DUMBFOUNDED!  I had just finished telling them the company went out of business almost 10 months ago, which should have come as no surprise, because I told them the exact same thing in May when some other dipstick called me!  How dense are these people?!

When I told them, "No, I wasn't willing or even able to renew", they hung up on me without any further discussion.  Then, two hours later, some other broad named April calls back and starts personally threatening me!  They actually sent ME to collections within 6 hours of talking to someone for the first time!  They have already started emailing and calling me personally at my work because they can't seem to reach the former owner of the company that went out of business because their "foolproof system" turned out to be a load of crap! 

I have my own company as a financial adviser and worked with the college planning company to help execute the suggested aid strategies, but because I'm still in business, it's me that they have come after.  What scumbags!

College planning is a much needed and worthwhile service that can help so many families, but if you are an adviser wanting to get into this arena, avoid 123college.com at all costs!  These people seriously take advantage of planners, rip off families by charging ludicrous prices for common sense solutions, and they'll go after anyone and try to ruin theier business just for a stinking buck.  I'm sure this will cost me more to legally defend myself because I'm certain the former owner of the planning company is not going to do anything to resolve the issue.  Why should he?  These scumbags aren't coming after him because he's already out of business!