PMI Coaching / Auctions For Income


In 2007, I bought Dave Espino's 'auctionsforincome' package for 39.00 from an infomercial. Several times after I received it, a person saying they were from 'auctionsforincome' tried to contact me by telephone. Finally, a man called and insisted that in order to get more information on the coaching, we needed to set up a time to speak with both my wife and myself. They let us believe we were being screened to see if we would be good candidates for a 'success story' IF we agreed with the coaching requirements. In the beginning, the coaching was mentioned in 'auctionsforincome' but failed to mention the additional cost for it. I was told they were working with Dave Espino and Auctions for Income to help those with this system become successful. The man asked us a few more questions and then asked us about our financial situation, if we had any outstanding debt, credit cards and things of that nature. He then asked us if we knew about good credit and bad credit and that investing is good credit. We were then told the cost of the program. Up until this point I thought that they just wanted to work with me, using just Dave Espino's system which we already paid for. They proceeded to tell us that the investment was around $8000.00. My husband and I have no where near that kind of money. The man then asked if we had a credit card. We told him we had received a card with that kind of available credit thinking we would pay it off quick. He promised that we would have our website up and running in 3 days plus an experienced coach as well as advertising to help attain our financial goals. He assured me that these were the startup costs to get business rolling and if I could commit to at least 10 hours a week I could make this work as well as make back the investment in as little as 3-6 months. My wife and I had little time to discuss this in private so we agreed to the sale. At this point we were told that he was recording my conversation to perform the credit card authorization with another female representative from the company. I was told that we had a 3 day right of rescission; yet they set our date with our “coach” for one week later, which prevented us from making an informed decision about the company. They taped our conversation. I was never sent a copy of this verbal contract for my records. Since, my Real Estate career was very slow with the soon to be collapse in the Real Estate world, and my wife was recently unemployed, we were willing to put as many hours as it took to make this business work. We were told we would have weekly coaching for 6 months and additional if it was needed, up to a year. The coaching consisted of information that I found was free elsewhere on the internet and it lasted for 6 weeks. I was told I would be assisted by my coach to set up a business as well as a website. The connections to wholesalers that they promised were NOT sufficient. Most of the links given to me were either inadequate or required additional fees. Both my wife and I felt that we were scammed. I honestly put more time into trying to make this business work than I have ever put into anything and I have not made $1. Since this happened, I have tried to get my money or a portion of it back with no avail. These people will scam you out of money and do anything they can to get it.

Sincerely,
Michael & Miranda