Northam Loans makes outrageous claims on risks and returns when they try to sell you on their product. I originally signed up back in May for the website at about $200. At the time, it sounded like a really good idea, at the time I was unemployed and looking for an opportunity to make money. On top of all of that, I got an 'advertising coach'. After I was sold, he told me to ask the coach about low cost options. That is when the lies started coming through.
A few days later, I got a call from my coach who turned out to be a high pressure sales person. I told him I was unemployed and didn't have that much money after he told me that the lowest costing advertising package was $6500. He told me not to worry about it, that I would probably have my money back before I even got my first credit card statement. He said that $8000-$10000 per month was the norm. He also said that they have been in business for four years.
When I got a call from customer service later. He told me he has only seen on time that person has not made their entire investment back in 6 months and that person was short $20. He also said they have been in business for 4 years.
However, a month and a half later, I only had made $5.00. I called to customer service to ask about my advertising campaign, he told me that it was very rare that someone would make $6000 in the first few months and to be patient. Lie number one!
I checked on Arizona Chamber of Commerce website. Northam Loans has only been in business since 8/1/06—less than 2 years when I signed up for them. Lie number 2!
Desperate, I called customer service and told them that I was unemployed and could afford the interest on my credit card. He told me to be patient and I should do some of my own advertising to pay off the interest. I'm sorry but I don't have $6000 to gamble with!
It is pretty bad that a company would take advantage of a person's situation and mislead them into making a decision they couldn't afford. If they have people that will say anything to get you to buy their product. What does this say about the company?
If you read other post they show enough information to send to the attorney general to get them shut down. Let's band together and do that!
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