Comments on: John Cummuta’s Transforming Debt Into Wealth Scam

By: Dollars

Dollars — Wed, 25 Aug 2010 03:37:01 +0000

People….the system is not a scam (can’t speak for the marketing though). If you follow it, you will become debt free. Sure, it will take most people about 2 years to pay their bills, but that is better than gaining more debt. I will have my house paid off in a total of 4 years instead of the 14 years I had left before I started the system. Simplified, spend less than you make & pay the rest towards your bills….how is that a scam?

By: Pam

Pam — Wed, 11 Aug 2010 10:43:14 +0000

I did not view the CD’s. When I opened the box I became overwhelmed with the amount of material sent to me. There was no way I could get through a quarter of it in 30 days with a job and family. I sent the package back with everything unopened. If the TDIW CD’s were the only CD’s sent then I would have had time to few some of them. I felt the company was more interested in selling (unloading) a lot of product than trying to help me pay off my mortgage early. Tuesday afternoon I called to get a Return Authorization Number to send the package back. I told the lady on the phone that I would reorder the product again later in the year when I had more time to listen to the CD’s. The lady on the phone said anything and everything to try to convince me to try it out now. When she realized it wasn’t working she became very rude to me and told me I had until Thursday afternoon to get the package in the mail. As for the product I cannot give feedback for I didn’t try it. As for customer service I give it a zero. I will not reorder the material after dealing with a person like her.
For those of you having problems with this company – All consumers have the right to file a complaint with the BBB (Better Business Bureau @ http://www.bbb.org/).

By: Peter Collins

Peter Collins — Sun, 18 Jul 2010 03:36:21 +0000

This is just a scam. Even though, you cancel your program they will keep charging you until you cancel your credit card. I think Attorney General should sue this guys.

By: sergio

sergio — Wed, 14 Jul 2010 00:04:19 +0000

SCAM SCAM SCAM SCAM. You know it’s a scam. What’s next. You need my personal information so that you can send me money from Africa? And then you get ERROR when you try to unsubscribe. They just won’t stop.

By: Kate

Kate — Tue, 13 Jul 2010 16:15:15 +0000

The reason his program is successful is because once you payoff the lowest balance, you take what your monthly payment was and add it to the next lowest balance. Example; Balance 1 = 650.00 with payment of 85.00; Balance 2 = 1250.00 with a payment of 150.00; Balance 3 = 3500.00 with a payment of 260.00.

Once you payoff Balance 1 you take that 80.00 payment and add it to the 150.00 you’re paying monthly on Balance 2 = $230.00 a month. Once Balance 2 has been paid you add that 230.00 to the payment for Balance 3 for a total monthly payment of 490.00. The amount you are spending out of pocket each month doesn’t change. You end up paying things off very quickly this way because you are making double or triple payments each month as you move towards the higher balances with all the money you freed up.

By: Brandi

Brandi — Thu, 24 Jun 2010 17:16:45 +0000

I bought the TDIW package in July 2008. I listened to the audio CDs during my commutes to work, and used the software and printed material to develop the plan for my debt reduction. Could I have found the information on the Internet for less? Sure, if I’d wanted to take the time to do the research. For me, it was easier to have it all in one easy to grasp package. I learned a lot I didn’t know from the program and still listen to the CDs on occasion (for a little mid-plan motivation), but in 2 years since getting the plan, I am succeeding in my financial freedom goal. (ALL of my debts, with the exception of my mortgage, are gone; that’s numerous maxed out credit cards, gas cards, auto & furniture loans, etc.) So, for me, it was worth it. For those wanting to break the debtor’s cycle, I recommend doing a little bargain shopping, check with your own bank, and find the system that works for you at the price you find most beneficial. Oh, and I’d like to add this: Although I did participate in the free 30-minute consultation that is part of the TDIW package, I did not buy the mentoring program from the company Cummuta partners with to offer such services. I felt I could do it on my own, and I was right. Perhaps some might need the hand-holding, but that part of the system wasn’t for me.

By: Brian

Brian — Thu, 24 Jun 2010 14:12:31 +0000

Screw these scammers. I was told I could keep the package until June 29th. Well, they charged my account on the 21st for $79.99, and have now told me that I have to either pay $219.99 up front for items, or make monthly payments for a total of $319.99. They said if I refuse to pay, they’ll send me to collections. So if any of you people want to keep the product, make sure you just pay the $219 up front. I hope John rots in hell.

By: dave

dave — Thu, 17 Jun 2010 21:46:02 +0000

Watch out. I ordered a free tape only. I got a whole package of materials that I was not expecting. They gave me a hassle to return them and I ended up having money taken out of my account. To this day I have not listened to many of them. You get over twenty tapes and they take awhile to listen to – Who has time. I never would ordered them but they sent them without my approval. I would not give them your credit card number because they will send you the whole package charge you and won’t take it back

By: Katie

Katie — Tue, 20 Apr 2010 21:21:27 +0000

“If you drop that money into a 10% interest savings account by the time you are ready to retire you could have a sizeable amount waiting for you.”

Where is anyone getting an interest savings account that pays 10%????

By: Phil

Phil — Thu, 11 Mar 2010 19:54:38 +0000

Ah yes, thanks for the reminder, Dianne. I’d forgotten Quicken had something similar and cheaper than John Cummuta’s program. His package looks good with all the bells and whistles, but you really have to fluff up a this kind of program when it really is so simple to execute on your own or if you aren’t aware of other cheaper debt elimination calculators and software. Good stuff.