ED Magedson – Founder
Attention Marketing,Inc.Flint, Michigan USA
Attention Marketing,Inc. 720 CFO Program 720CFO Marketing-Credit Guarantor Program-Beware! Flint Michigan
My story is similiar,Like the other 2 complaints.I signed up for this program back in May/2012. Got paid the commissions for lines of credit they opened. Everything seemed to be okay for a year. But then,the calls started coming from credit card banks about no payments,late payments,etc. Now,I have a collection co.,looking to get $15,000+from 1 card owed to them by Jon Miller & Co.,at Attention Marketing,Inc. and looking to me for it. Also,after my contract year expired,they opened 2 more credit cards in my personal name, maxed them out,made about 2 minimum payments and now I'm getting the no payment notices from at least one as well. I never received or signed a new contract with Attn Marketing,Inc. I'm going to tell this one credit card co. that I never authorized a personal card from them in my name or made the charges on the account.
Does anyone know if I can legally state that to avoid those charges on this personal account,since I never used the card myself and Jon Mller's Co. made all the charges and never paid me a commission on the use of this personal card.
Would not that be a defense claim of identity theft or fraud? Does anybody know for sure?
Their business model seemed to be in buying below market value homes,re-habbing them and then flipping them to 1st time homebuyers who get their own mortgages. The benefit being they could own a home for cheaper than renting.
I believe they worked with some preferred lenders who selling or getting the mortgages guaranteed by Freddie Mac or Fannie Mae,VA,etc. And with todays low interest rates,etc. But I think now new laws took effect that make the lending more restrictive and require higher credit scores, bigger down payments, better income reporting and the govt. not backing the loans like they used to. This may have caused lower turnover of properties they are holding and cramped their cash flow and they got squeezed hard forcing them to stop paying the credit card payments. Just my guess.
Or maybe their plan all along was to just get credit guarantors involved for the 1 year contract term and then walk away,
but it seems this program has been going on for several years now, and these complaints are the first I heard.I would think there would have been more complaints from others a lot earlier than now-correct? I did check on Rip-Off report over a year ago,before I first signed up and there was no reports. Also, I recently check on the Eastern Michigan BBB site and there are no complaints like mine, and they have a B rating. Also the website of 720cfomarketing.com is still active. Maybe ,it's still early yet, and more complaints will follow. There's got to be more than just us 3 victims here so far. Would like to be made aware of any follow-up on this or find out if they completely go out of business or file bankruptcy,etc. Also anyone out there or know an attorney who can find out if we can claim a defense of credit fraud or business oppty fraud,etc.?
This report was posted on Ripoff Report on 01/07/2014 05:16 PM and is a permanent record located here: http://www.ripoffreport.com/r/Attention-MarketingInc/Flint-Michigan-48503/Attention-MarketingInc-720-CFO-Program-720CFO-Marketing-Credit-Guarantor-Program-Beware-1113735. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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