• Report: #405659

Complaint Review: Live Well Financial

  • Submitted: Mon, December 29, 2008
  • Updated: Thu, February 05, 2009

  • Reported By:San Antonio Texas
Live Well Financial
Richmond, Virginia U.S.A.

Live Well Financial Unethical Business Practices Richmond Virginia

*UPDATE Employee: Live Well Financial is a fine company to work for!

*UPDATE Employee: Leads Rip Off

*UPDATE Employee: Leads Rip Off

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I, too, was employed by Live Well Financial as a reverse mortgage specialist. I attended internet classes for training. They only supplied computer software which their employees had to pay for, plus I paid $65.00 for 6 leads. They never provided any written manuals or documents for our usage. The management informed me that I would not need a license to operate this business in the State of Texas. I reached licensing requirements in the State of Texas and it certainly looked like I needed a license to preform reverse mortgage services in the State of Texas. Therefore, after I had paid for the software and my leads I choose to not conduct this business in the State of Texas. They are not a reliable company to their employees so I'm afraid of what unethical business practices they may do with actual customers.

Alice
San Antonio, Texas
U.S.A.

This report was posted on Ripoff Report on 12/29/2008 06:34 AM and is a permanent record located here: http://www.ripoffreport.com/r/Live-Well-Financial/Richmond-Virginia/Live-Well-Financial-Unethical-Business-Practices-Richmond-Virginia-405659. 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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Updates & Rebuttals

#1 UPDATE Employee

Live Well Financial is a fine company to work for!

AUTHOR: Jennifer - (U.S.A.)

Hello, I started working with LWF back in June 2007. I was very skeptical at the beginning and started looking for proof and any evidence that LWF was a rip off and a scam; so I found this site and I was furious! Let me tell you something very honestly, LWF is a very good company to work for and yes there's a few things they could make better, but I'm sure they will keep improving the organization. The Genesis software for loan officers is free and the leads run from $45 to $75 depending on which state you reside in and the length of the subscription. I've had pretty good leads and some that don't even qualify but when you buy leads for any type of business you will get the same thing. I believe the management team is very competent, friendly and supportive. My advise to all of you who have doubts about LWF is, do not make yourself crazy reading all the nonsense in these type of sites, instead, befriend the management team and staff and ask for their support and tell them how you feel. Also, when you order leads, be very patient! When you are a Loan Officer for Live Well Financial you are in business for yourself but with the company's support; you must spend money and make efforts to be successful! I promise that if at any point the company deceives me I will make sure to post it right here the minute is done, but until then, motivate yourself, buy some leads, organize seminars in your community and strive for success!

God bless you!

Jennifer
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#2 UPDATE Employee

Leads Rip Off

AUTHOR: John - (U.S.A.)

First of all, let me tell you that this is NOT the fault of Live Well Financial.

Live Well Financial NEVER guarantees its leads. NEVER. Not once did Live Well Financial tell you that you are guaranteed to make a deal off of its leads. You are not guaranteed to close a lead, but you are virtually assured. There is a difference. NO REFUND FOR YOU!

You buy leads at your own risk. If you don't get any sales, so what? That's your fault. Let's be very clear here, it is the policy of Live Well Financial to never refund leads. Never.

In some areas, Live Well Financial's leads can cost up to $100 each. While Live Well Financial makes every effort to ensure the quality of its leads, sometimes it's just the luck of the draw. If you didn't get any quality leads this time, try buying MORE next time.

Leads are generated like this: Mailers are sent out, and the recipients fill them out and return them. Live Well Financial considers a lead valid if the recipient claims to meet requirements. LIVE WELL FINANCIAL DOES NOT FACT CHECK THE INFORMATION.

If someone claims to be interested, and claims to meet the requirements, Live Well Financial sells it to you. Again, LIVE WELL FINANCIAL DOES NOT FACT CHECK THE INFORMATION. That is why it you buy leads at your own risk. Live Well Financial is busy and can't be bothered fact checking leads.

Yes, Live Well Financial's leads may be VERY FAR from your location. Live Well Financial tries to get leads close to you, but if it can't, then the company will look hundreds of miles away from you. Tough luck.

Buy more leads next time, and MAYBE (remember, no guarantees) you'll close one.
If you want to make money, you have to spend money. Why not buy 100 leads next time. The chances of you closing one increases.

Stop whining.
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#3 UPDATE Employee

Leads Rip Off

AUTHOR: John - (U.S.A.)

First of all, let me tell you that this is NOT the fault of Live Well Financial.

Live Well Financial NEVER guarantees its leads. NEVER. Not once did Live Well Financial tell you that you are guaranteed to make a deal off of its leads. You are not guaranteed to close a lead, but you are virtually assured. There is a difference. NO REFUND FOR YOU!

You buy leads at your own risk. If you don't get any sales, so what? That's your fault. Let's be very clear here, it is the policy of Live Well Financial to never refund leads. Never.

In some areas, Live Well Financial's leads can cost up to $100 each. While Live Well Financial makes every effort to ensure the quality of its leads, sometimes it's just the luck of the draw. If you didn't get any quality leads this time, try buying MORE next time.

Leads are generated like this: Mailers are sent out, and the recipients fill them out and return them. Live Well Financial considers a lead valid if the recipient claims to meet requirements. LIVE WELL FINANCIAL DOES NOT FACT CHECK THE INFORMATION.

If someone claims to be interested, and claims to meet the requirements, Live Well Financial sells it to you. Again, LIVE WELL FINANCIAL DOES NOT FACT CHECK THE INFORMATION. That is why it you buy leads at your own risk. Live Well Financial is busy and can't be bothered fact checking leads.

Yes, Live Well Financial's leads may be VERY FAR from your location. Live Well Financial tries to get leads close to you, but if it can't, then the company will look hundreds of miles away from you. Tough luck.

Buy more leads next time, and MAYBE (remember, no guarantees) you'll close one.
If you want to make money, you have to spend money. Why not buy 100 leads next time. The chances of you closing one increases.

Stop whining.
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