?, Dont you want one of these nice vacations? I want to get out of there now. What it seems to be is actually a high interest line of credit. If this issue was costing them money, they would change it. (Thanks to all post-ers). How did she get my information? He hasnt paid in 3 months! Thank you all for this i guess i wont be going to that appointment today. Also they said they would need to talk to my parents, remember Im a student in school so maybe it might of been valid for parental consent, but to me this was bit fishy as this may have been a way for them to start getting business off me. I left indicating this was not for me, but wasted valuable time for something, from the on-set, which I indicated was not at all of interest, on her pretense it was a support job. I ALWAYS check out a company before interviewing so after reading the above information, I gracefully declined the interview. Regardless, I thought I was really starting the new year great but Im more relieved they taught us about pyramid schemes in high school. A few of my friends got roped into this. It would be nice if the government would step in and help protect the people who dont have the sense to see these for what they are. I noticed several of the new people in the front row looked very restless, like they just wanted to get out of there. Real estate agents and brokers are not in the business of recruiting. A person with certain negatives in their background cannot work in the industry. After reading all of comments, I will not be going. She asked if I wanted change of career. I am not. To all of the above comments and so called pros in the MLM companies, to each their own. I didnt want to wright to much, sadly it got away from me. We finally nailed down a day. I just got a call tonight from someone who started to ask me about my resume. Given my lack of experience, I was not sure if this was normal or not. She also told me she was just leaving church lol. When he called me I was busy and asked him if i could call him later. I have an interview on Monday but I will not be going afternoon randomly reading all of these comments. What I found was that most people dont want help with their finances and many (foolishly) refuse to spend money to own life insurance. Is Transamerica a Scam? Just Another Pyramid Scheme? (Updated 2023) She got extremely defensive when I called her out on the scheme of things and told me not to just Google them. Something was definitely off. Is Primerica a scam? : PersonalFinanceCanada - reddit My typing speed is about 60 wpm. So far, my experience has been very positive. I arrived at the interview and when I walked in the door I heard LOUD hard rock music playing. I will not be going tomorrow. Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. Pretty amazing comments from everyone here. MLM or a Pyramid scheme.Primerica is a Pure Business opportunity, the . She had once had an office in an actual storefront on a mixed commercial/residential street in the neighborhood, but now ran her business with no outside marker out of her husbands auto body shop. And by work, of course, I mean pay them for their 36-week training course and then a monthly fee afterwards. At this point, things seemed a bit odd. Name, address, social security. But the point is, even then they required a fee to be hired. The program is administered by Legalshield (formerly called Pre-Paid Legal Services), which is the largest provider of pre-paid legal services in the United States. He gave me the address and phone number and told me to dress up (why wouldnt I, its an interview for crying out loud). He just missed the Pyramid Gravy Train by a couple of levels. Thanks for this website, now I know its a scam and Im calling off the interview!! Vanguard, Smith Barney, Fidelity, etc are all good. BBB Business Profiles may not be reproduced for sales or promotional purposes. I assume there was a bathroom off the other direction, but I never saw it. If the new guy lists a property himself, your husband wont be getting part of that commission. * Mercedes sells their cars at inflated prices, are you going to do an web post on them next? No company would ask for a $99 fee and a hundred something more to start a job. Well, all insurance agencies and brokerages have the pyramid payment style. Its so much worse and you cant get you to six figures even if you work your ass off. This is a pre-paid legal services plan that provides members with access to attorneys for a variety of legal needs. Im currently in the process of getting out of my tiered J-O-B and starting my own tiers separate and independent of my current J-O-B. I was a little suspicious, and thought it was strange he didnt tell me the name of the company, so I asked him. First of all idiot Pyramids are illegal! So glad I ran into this, a man at a store who was very charming said they were looking for employees, I have had a bad feeling about him for about 2 years now and he has called like 3 times since, every time he gives me a little more information, it all seemed very fishy, finally said I would meet up this week but would google them first. I had no desire to pursue such a career related to insurance, as I prefer investing. I called her back to be polite but she didnt answer. The agent was a very nice Italian-American woman who actually knew something about financial services. I was contacted by Dianne by phone from the Cheshire, CT office and told she was hiring people to not sell financial products, but to instead perform interviewing and other support functions, as they planned to expand with 20 offices. Heavy on company info and presentation. ALL THEY WANT IS YOUR MONEY . No way to dance around that. Their higher up had done that for them. It is about the education of it all isnt it? Having professional licenses paid for by a company and given the tools and resources to build a book of business on a part or full time basis is a wonderful opportunity for the right people. Like my parents support me and are very smart with their money. Needless to say, Im glad I got out of that one. About a week later she calls me. Not going to take offer with the tidbits from this site as well. now she has been pursuing me saying she has another office and she needs someone to run it . Even though the warning that you cant believe everything on the Internet is certainly true there are sites like this that give the true accounts of people who have been there, done that, and you should take heed. Multiple levels = MLM. I felt paralyzed with indecisiveness. They had the chairs so close together, Im sitting next to strangers and our knees and arms are touching, so Im uncomfortable next to some guy. At this point, his mouth is moving but I really dont care what is coming out of it. I had to fill out some kind of assessment that would tell them which management training program would be best suited for me. Finally he had a female associate call from a different number who told me I had been referred to her as a candidate from the man who approached me at Target. But im not stupid so i looked it all up what the job was and where it actually was and this seems to be all true. Were 30 mins in this interview, hes asked me for $124, 3 people i have to refer who will also pay $124, my credit card info, 25 phone numbers to also call and sell insurance too, and then called my parents for a home meeting. Finally, in the course of mulling this decision I have read at Primericas own website that new life insurance agents earned $6000/yr on average in 2013, I think was the year cited. Now, though, I felt different. On have other hand, it works and i do get to help people out of debt and stay out of debt. Go some place were you wont have to exploit people looking for a real job. Was met by slick, greasy sales guy in an office the size of a shoebox. The recruits have to pay $100 for a credit check and training. The conversation gets deep, takes philosophical turns. (unlike this whole description of events, I kept things brief) She told me to wait in the conference room as she grabbed the other woman who had come in to interview her. They provide financial education and sell products through a network of individual associates. What should I do? He told us the incredibly vague story of how he managed to get one individual from $20,000 in credit card debt down to zero and then into a mutual fund with a 9% interest rate. Am I applying for a job? She deflects quickly, This is the part when I get to know YOU. If you could imagine all the evasive answers and asking me if I want to do an application. PFS Investments Inc. (aka) Primerica Financial Services. Now, the warning flags were popping up like crazy! But I again dismissed the thought, feeling a bit guilty for doubting John. Talking on the phone isnt my strong suit so I just kept agreeing to everything and she was very busy but still managed to schedule an interview for later this week. He said he absolutely understood that and that his office was new and he had many openings. Went for an interview/discussion today. As always, researching before contacting is saving me from MLM opportunities/, I had a brief interview with a ( PRIMERICA REPRESENTATIVE ) , right from the start i saw the deceptive BS that they where trying to scheme up. I informed him this job sounds just like the foolishness I mentioned above, and that I will continue to research the company before I consider whether Ill go to interview Friday which I highly doubt I will do thanks to this page! One of them asked out of the blue, how i like my job. So this got more fishy. I am really glad I did my home work on this company and thank you to every one for the honest postings I will not be wasting my time with scams. He spoke and I listened. And also when he would say how much money people would make he would wait for me to respond and I just gave him a blank stare. If you're familiar with MLM schemes like Primerica, Optavia, Evolution Travel, Beachbody & American Income Life they are pretty similar to Transamerica's MLM scheme. We have 40,000 new clients each month if you joined and didnt work, youre not one of the people who make money with us! He knew that I lived in close proximity to his company and asked me if I was still interested in finding a job. If you look deeper every single business entity can be labeled as a rip off because essentially take peoples money for their own financial gain. She gave very vague answers, told me her secretary referred me and that she worked for a financial firm looking to hire about 20 people to work as trainers. Told me to bring my social insurance number with me, because if I pass the info session they would like to start to work with me right away They saw my FB updates about needing a little more income to start some entrepreneurial type things I was interested in. I got an email from Mark that hed like to set up an interview. Its such bull do do guys. Yes so would you call NYSE a scam? I kept my head down and fiddled with my phone, then shuffled some papers in a folder, desperately trying to look busy and important. Many thanks! So today I had a random phone call and I answered it only to find out it was a woman by the name of Jerica who said that Martha that I had met at my job referred me. I got a call today. Sooooo after reading all the comments, I will NOT be going. Bogus, obviously. Damn I wish I would have read this earlier. I advised that I am looking for roles in the IT field, preferably as a deskside technician. I said no and he sounded surprised. I express admiration and order another coke and a sandwich. Thats just rude and disrespectful. Snowden Dunks on 'The Get-Rich-Quick Real Estate Investing - Vice life insurance pyramid scheme companies I interview with a Primerica Financial guy like 15 years ago. That is why the poor get poorer and the richer who work there ass off get richer! WHO calls someones parents to schedule a meeting to make them feel more comfortable to work for them. So this nice, well-put together woman is kind of a nice change to talk to. Primerica is NOT an MLM, it is, however, a Financial Service company that allows people to run their own business. I told him i was not looking to sell door to door or force anyone to sign up for gimmicks, which He reassured me that i would not be doing. But It didnt make sense that I was not given the company name but did get a management position for something I know nothing about.
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