Name: Financial Education Services
Website:www.financialeducationservices.com
Co Founders: Parimal Naik & Mike Toloff
Price: Standard Agent ($249 one time fee) or
UCES Protection Plan Membership & Agent
$199 + UCESPP $89.00 per month
SUMMARY:
For the past 10+ years, Ffinancial Education Services has been helping people achieve their desired financial potential, by providing you with the tools that you’ll need for long term consistent success.
With that being said, FES provides many different products that can help people improve your life.
The products and services are important to discuss because those same products and services are what you’ll be offering to others and I’ll go into that here shortly.
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Welcome to the Financial Education Services review! You’re probably reading about FES because, you want to know all they have to offer. Well, you’re not alone. I was also curious about Financial Education Services, so I did intense research about the company.
Today, you will learn what Financial Education Service is, and is it the best decision for you?
What IS Financial Education Services?
In short, it’s a company whose entire goal is to help you improve your financial situation.
They not only help you reach your financial goals but, they also help you understand how money and credit works.
Here is the potential you’ll have with this company.
- Get knowledgeable and Improve your credit
- Plus help other fix their credit by sharing the program.
- Then you can earn money.
As you know most schools do not teach this form of education. So, what happens is, by time you learn the reality of how everything works financially, you’ve already have dug yourself in a pit whole.
Well, worry none because, FES helps you with that through their products.
List Of “FES” Products That You’ll Need To Get Familiar With
#1. MyCare Plan
Have you ever had unexpected situations where you weren’t able to speak or make a decision for yourself or your family?
The MyCare Plan is for those purposes. It helps you cover unexpected decisions, regarding your finances, health, and family.
It includes things such as:
- Your last will
- Power of Attorney (Healthcare & Financial)
- Living Trust
#2. Secure Card
Did you know that a secured credit card can help improve your credit score? Anyhow, a secured card will help you build or repair damaged credit.
The secured card that you’ll be offering others is a card that I am familiar with, and it’s called First Progress Platinum MasterCard.
The way the card works is a security deposit is needed, to establish your credit line. The deposit you make will also serve as collateral. So, if you owe any fees, or obligations the security deposit will cover it.
Anyhow, if you ever decide to close your account you’ll receive your entire security deposit as long as you don’t owe a balance.
Either way, every month First Progress reports to all three major credit bureaus, which helps the credit score improve, over time. There are no strict requirements to get approved for this credit card.
By the way, if you don’t want to become an FES member, you can still apply for this credit card.
#3. Smart Credit
Smart Credit is supposed to monitor your
- Credit scores
- Auto scores
- Insurance scores
- Gives you a hiring risk index
Once you or your client is enrolled in Smart Credit all accounts can be monitored in one place.
#4. Merchant Services
If you decide to become a business agent with Financial Education Services. Merchant Services will give you the ability to accept credit cards or debit cards from your customers. It’s suppose to be safe and secure.
#5. Ultra Score
Ultra score helps you or your clients understand and develop personalized solutions for every credit situation. It will teach you how and why the credit file is impacted with a low credit score.
So, in the future you’ll have the ability to effectively manage it.
#6. Rent Reporting
Have you ever experienced renting? If so, you probably understand that renting can have a negative side, and that is not having your monthly payments reported to the credit bureau.
But, yet the landlord will still report all the other negative information, such as late payments, evictions, or property damage.
Well, with Credit My Rent, it’s a renting reporting system designed to verify and report all of your payments. Therefore they will be reported to Transunion each month. Consequently, helping you improve, build, and establish your credit.
How Does The Compensation Work?
The compensation with MLM’s are always complex. So, instead of me going into detail about, how this and that works, and risk confusing you.
Go here and read their compensation plan for yourself.
Or you can watch this Financial Education Services Vice President explain it for you.
Who is FES For?
According to the Financial Education Services:
- You need Good Sale Skills.
- Be a hard & dedicated worker.
- Have the ability to recruit others.
Regardless, with Financial Education Service you will be considered an independent contractor, and not an employee. Nor will you be a partner of the company.
FES has made it clear that you shall not in any way mislead anyone else to believe that you are Financial Education Services themselves.
It is also against FES platform to position this opportunity as a passive investment program, which is inaccurate and strictly forbidden.
PROS
- Teaches You How To Manage Credit
-
Pre-Made Site Provided
- You’ll Be helping Others Better Their Lives
- Weekly Bonus Potential
- Legit
CONS
- You’ll Need To Build A Team
- You May Need Advertising Funds.
- Monthly Cost Can Be Pricey
- Cancellation Needs To Be Provided In Writing
- MLM Business Model. So Join The Right Team
Financial Education Service Support
As an Independent Sales Representative of FES, it is your responsibility to monitor your down-line.
Meaning, you’ll need to:
- Coach
- Train
- And Teach the others that you recruit
- You’ll need to provide your own training too.
However, whoever sponsored you into the Financial Education Service program, he or she could or should also provide back up support to you, so that you can be sufficient for your team.
Warning: If you cancel or request a refund. I’ve heard froma FES member that you can not return back to the company. So, if you ever decide to leave the company. You may want to discuss your future options with them.
Financial Education Service Price
There are two options, that you can choice from to get started with this home based business opportunity.
#1. Standard Agent.
You can become a standard agent. This option doesn’t include credit card protection and many other FES services.
Anyhow, there is a one time payment of $249.00 + $4.00 processing fee.
The $4.00 processing fee will be taken out of each weekly commission check.
Don’t worry FES will mention this again, if you decide to become an independent contractor.
2. Become An Agent + Get The Protection Plan
On the other hand, you’ll have the option of becoming a member of the benefits, plus become a selling agent. The cost to get started will be a total of $288.00 plus, the $4.00 processing fee.
My Final Opinion Of Financial Education Service
The bottom line, Financial Education Services doesn’t seem like a scam. They’ve been around for quite some time now, and the products, that they are providing will help many people out.
So, if you enjoy, direct sales, and you’re good at it, this company may be for you. I do see a lot of potential with the company and it’s products.
In fact, I did not come across one negative review about FES. and when I did see a complaint, it seemed to be resolved immediately.
I would recommend this company, for those of you who enjoy direct sales.
If you are not a person, that enjoys direct sales, then I would not recommend this company to you. Instead, I would recommend you to check out what I do. which is affiliate marketing