All Topics / Heads Up! / Geyer Group??

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of rgfrgf
    Member
    @rgf
    Join Date: 2005
    Post Count: 2

    Has anyone heard of or had anything to do with the Geyer Group? They claim to be able to help you reduce your mortgage, build wealth, invest in property, etc, etc. Only catch is that they want a mere $400 up front to prepare a expense analysis and are very vauge on specifics (of this and future costs and actual content) but of course calim that we’d be crazy not to hand over our hard earned to them.

    Profile photo of grossrealisationgrossrealisation
    Member
    @grossrealisation
    Join Date: 2005
    Post Count: 1,031

    hi rgf
    don’t know them put don’t pay for anything that you don’t know what you are buying.
    as for build wealth who’s
    when a rich man meet a wise man, the wise man gets alittle richer and the rich man gets a little wiser,
    on which section do you wish to be.
    and ask them

    here to help
    If you want to get involved in some of the projects I’m involved in email to [email protected]

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    They seem just like all the others.

    I am sure you can do better than them.

    Cheers,

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    from your last few words it seems you have already answered your own question – sounds like the usual play on emotions commonly spruiked by presenters specialising in “selling something”. let me know if i’m wrong.

    cheers

    brahms
    Purveyor of Fine Finances
    aka Mortgage Broker Brisbane

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    Let me tell you what they will do for your $400.

    They will write a plan as a result of putting your figures into their software.

    They will then advise you to refinance into a LOC and direct all income into it. Live off your credit card as frugally as possible and sweep funds from the LOC onto the card every month before the interest free period is up.

    They will make a commission from this loan and an ongoing monthly fee. More than likely they will also charge you an additional $3000 or so to cover their costs to arrange this and monitor it. Clearly their comissions from the lender aren’t enough to cover their advertising and cold calling campaigns.

    A bit cynical? I don’t know the Geyer Group but have seen many mortgage minimisation companies and in my opinion they are the bottom feeders in our industry.

    There – I just saved you between $400 and $3400. Have a great New Year [biggrin]

    By the way – any of the brokers here or most in general can give you this advice for free and chances are you will not even need to refinance.

    Cheers,

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    Pretty much the advice I got from Margaret Lomas’s group some time back..however my finances were already set up that way at the time..the initial consultation was “free”

    After that it got a bit expensive though, including yearly reveiws. I decided against looking into it any further, though see one of the franchisee’s from time to time around the place and we catch up on whats happening with each other.

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

Viewing 6 posts - 1 through 6 (of 6 total)

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