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Primerica Employment Scam

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Old Apr 18th, 2005, 04:36 PM   #11
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Kinda rem inds me of the movie Boiler Room. The key for all these ops is to target ignorance and greed. The problem is that many "respectable" financial institutions use tactics that are not so far from those of the likes of Primerica.

There are many sad tales of people who get caught out with huge interest payments on "payday" loans - typically the people who can least afford it.

I am sure that you'll find a far more rewarding job Vinnie - hopefully very soon.
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Old Apr 18th, 2005, 05:51 PM   #12
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Quote:
Originally Posted by da_jonesy
"Unlike shadey pyramid schemes, this financial opportunity is the shape of a trapezoid"...

Anyone remember this quote?
that HAS to be the simpsons... or similar...
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Old Apr 18th, 2005, 06:47 PM   #13
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Well Mr. 26 Just called, he said that he was "taken Aback" when he got the message that I was no longer interested, and that My Collegue said that I was concerned with some information I seen on the Internet. I stonewalled him with a "No, I'm not concerned, I'm just not interested" that shut him up, and he was like "Well if ya don't want to talk about it" hahahaha he sounded like he was going to cry. I didnt say anything because I am still reading on the Primerica Busters site about how to deal with these guys! When I'm not looking for a job of course, Thanks Woodge
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Old Apr 18th, 2005, 07:32 PM   #14
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Quote:
Originally Posted by autopilot
that HAS to be the simpsons... or similar...
Ding Ding Ding... Yup, you got it!
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Old Apr 18th, 2005, 09:03 PM   #15
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Quote:
Originally Posted by da_jonesy
Ding Ding Ding... Yup, you got it!
bonus point: was it troy mcclure?

and what episode was that? i don't remember it...
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Old Apr 18th, 2005, 09:19 PM   #16
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PrimeAmerica is the Amway of the insurance business. I hate the company.

At my previous job, there was a PrimeAmerica right across from the business. The stupid building they were in only had like 5 parking spots, so Saturday mornings when they had their big cult meeting, they would all part in our spots. We'd tell them so many times, not to park in our spots, but the dweebs would always park there. Finally, we duct taped a sign right on their door which worked. Funny thing is, they kept the duct taped sign on their door for months.

I had a cousin who was trying to switch us from our insurance company which was Manulife, to PrimeAmerica a few years after the Mrs. and I were married. We were all set to switch, when our rep from Manulife called and begged and pleaded with us not to go with PrimeAmerica. He said he didn't care who we went with... we could go with other competitors, but as our advisor, not to switch to them. I trusted his advice and we never did switch.

Funny thing was about 5 years later, Manulife Financial de-mutualized and we got shares in the company for having insurance with them for so long. Turned out to be worth about 500 shares. Their stock opened at about $20 a share. I sold my shares right away as this was about 4 months after a failed business venture and really needed the money.

Now if you look at their stock price now.... I can't even bear to look. But, was still really glad we didn't make that switch to PrimeAmerica!
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Old Apr 18th, 2005, 09:37 PM   #17
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Quote:
Originally Posted by da_jonesy
"Unlike shadey pyramid schemes, this financial opportunity is the shape of a trapezoid"...

Anyone remember this quote?
Maybe TV has addled my brain, but I was going to say Tom Vu.
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Old Apr 19th, 2005, 03:50 AM   #18
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Life is Soooooooo Full of Ironies...

Guess what? A Primerica recruiter called this evening! But, they were looking for my sister who used to live with us. She last talked to them four years ago!!!
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Old Apr 19th, 2005, 09:12 AM   #19
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There was your chance to get into this business opportunity! I hope you made an appointment to go see their little presentation!! It's quite a show!
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Old May 18th, 2005, 12:18 PM   #20
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They've got big ones

i was working at my second job, a part-time gig at a local retail store, when these two guys came up to me. At first they just wanted some information about this particular product and they were laughing at all the lame jokes i was making. i thought they were going to buy something when the one guy says, "you seem pretty ambitious, you should come to a work fair we're hosting". So i asked him where he works- Primerica, and he's only been there for three months! man, this guy had balls, approaching me at my place of work and trying to recruit me. I told him i already make enough money working two jobs. He said they'll take me part-time anyway, all make way more than both combined. I told him i wasn't interested, but he still tried to get my full name (damn those name badges) and phone number and gave me the address for the place. I knew where it was- right in front of an autowreckers! What a dump for a "financial" institution! At any rate i didn't go to the meeting. After reading all the posts about these guys on the net, i'm sure glad i didn't.
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