Creditnet anyone?

If there is one thing that consumers.creditnet.com don't like is someone advertising on their forum. They have banned me several times for advertising my Creditwrench business. Anybody who posts on the board and has something to offer in the way of help and advice for those who are having financial trouble must either give away all they know for free or be banned from the board yet the whole thing is plastered with paid ads by known ripoff artists who pay a high price for the priviledge of advertising there. Most of the advice given there is false and misleading and cannot be relied upon. Furthermore, debt collectors, skip tracers and other unsavory types lurk there constantly trying to locate people who are deeply in debt so they can milk the last ounce of blood possible out of them. It is most definitely a great place to stay as far away from as possible.

 

Join Date: Jan 2007

Posts: 1,178

Quote:

Originally Posted by JoshuaHeckathorn

I wanted to let everyone know that our friends over at YoungMoney.com launched a financial challenge earlier this week that looks pretty cool.

They conducted a poll recently and found that only 24% of those that responded felt they had a decent understanding of personal finances. So, since their online stock market game has been such a huge success, they thought it would be a great idea to launch an interactive financial challenge to help young adults learn more about personal finance as well.

If you're interested, check it out here, take the challenge, and get hooked up with some great incentives as well.

If I were going to sign up for something like that I'd want to do a bit of investigation first so the first thing I'd want to know about is their terms of service and I might even want to contact them directly first. So, about the first thing I would do would be to check out some of the links on the page. I'd probably go to the bottom of the page and see what was listed down there. In this case I quickly see a nice set of links listed where I could probably get all the info I needed. Here are the links I refer to.Privacy Statement | Advertise | About Us | Financial Literacy |Jobs |Subscribe |Terms of Use | Write for Us |Contact Us |Site Map

Suppose I wanted to contact them about a job working for "your friends?" or maybe I wanted to write for "your friends"?

Ok, I did a bit of digging and find out that somebody named Todd Romer owns Youngmoney.com and it is some kind of entertainment company that prints a magazine you subscribe to, full of advertising, of course.

So what do you get for taking their course, signing up for the magazine and opening an investment account with them?

Congratulations! You're ready to take the Young Money Challenge! After 10 years of providing entertaining financial information, Young Money has devised an easy way to help you pinpoint exactly what you need to know. But that's not all, we have partnered with some of the most respected financial companies in the U.S. to offer you incredible incentives. After we help you learn the basics of personal finance, we want to help you change your financial behavior! Pass the quiz and you'll immediately receive over $100 worth of offers, including $25 cash when you open an investment account etc... It's easy. All you have to do is: 1. Sign in. 2. Take the 20-question financial IQ quiz. (Hint: If you don't know an answer simply press the "need help" button.) 3. Enter your email address to have all the exclusive offer codes and urls sent privately to your email.

After doing some more digging I finally found their terms of service deeply buried on the web site. It's lengthy indeed but I took special note of this little gem.

Quote:

Arbitration Except for the failure to pay any fees and/or disputes concerning a breach of the scope of the license granted herein, any other dispute arising out of, relating to or in any way connected with this Agreement, on written request of either party served on the other, shall be submitted to final and binding arbitration before a single arbitrator. If the parties are unable to agree on an arbitrator within thirty (30) days after a party has served notice of a request to arbitrate, then an arbitrator shall be selected by the American Arbitration Association pursuant to its then-current rules, within fifteen (15) days after the parties are unable to agree on the arbitrator. Arbitration shall take place in the City of Orlando in accordance with the Rules and Regulations of the American Arbitration Association (Commercial Division).

American Arbitration Association? Just like NAF they voluntarily agreed to go out of the arbitration business rather than face an angry Attorney General. I think I'll pass on that one.

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