Is Consolidated Solutions Group a Good Foreclosure Business or Not?
It seems there are several people that have found this blog and actually refer people to it to demonstrate that CSG is not a good business opportunity. They make a lot of claims and use a lot of negative comments to try and persuade people to avoid CSG. In case you didn’t know…they are doing this to try and convince you to join ther latest company and make money off you. These are typically people that jump from one business opportunity to another looking for the one that makes them money without any effort on their part (which doesn’t exist by the way).
Almost everything you will find when you Google “Consolidated Solutions Group” is there either to talk you INTO joining CSG or OUT OF joining CSG and joining a different company instead. Whatever company they are in just happens to be “the best” company with “the best” track record of success and they pay the most money and everything about their opportunity is awesome and so on.
Take it all with a grain of salt people. It is all HYPE. Most of these opportunities pay these agents a commission for getting other people to join. Some of these companies charge $1,500 to become an agent for them. They train you and you get to call yourself a “cosultant” and for that you get to do all the hard work in getting a loss mitigation case closed. I think, though I am not sure, the referring agent receives like $1,000 of that sign up fee. Do you have any questions where their motivation is?
CSG has a tiered referral model which pays on several levels. Most others pay on one or maybe two levels. I don’t think one is any better or worse than the other necessarily, it depends on your goals and what fits your style. I have never liked the free signup model personally because most people who sign up for something that is free don’t even know what they signed up for. Those that do work very little if at all and the ones that actually try don’t have any money to support running a business which makes it more difficult to succeed. In my opinion, you must bein a situation where you do not NEED money immediately to start a business. Any business. It takes time and effort to make money.
Here is he bottom line on CSG and some of the other Loss Mitigation Companies out there… CSG has a decent opportunity to make money. Their program takes VERY LITTLE effort on your part compared to most of the other Loss Mitigation business opportunities out there. You basically just make initial contact with the homeowner and enter the lead into an online form in you CSG Backoffice. THAT’S IT! The company takes it from there. They have trained, experienced people who assist with closing the lead and getting a workout arrangement in place. They succeed in closing between 10 and 20% of the leads that are submitted.
It is just a fact that most homeowners do not qualify for loss mitigation for one reason or another. It is another fact that many homeowners “flake out” during the process for one reason or another. They change their mind, they borrow money from a friend or family member to catch up, they sometimes just decide to give up and let the bank take their house.
I find CSG’s numbers to be pretty good despite the spin agents of other companies try to put on it. Most loss mitigation companies claim that they have 95%+ success rate. Sounds great right? What they fail to tell you is that they only count the leads that have already been pre-screened and pre-quaified by YOU. You are required to contact the homeowner and gather all their information. You are required to obtain copies of their mortgage statements, hardship letters, release letters, and their payment for the loss mitigation service. Once all that is done, the company has a 95% success rate.
Just for fun, ask one of these reruiting agents what percentage of leads an agent typically has to go through before they get a homeowner to give them all the required paperwork, documents and the company’s loss mitigation fee. The agent has to do all the hard, time consuming “leg” work. Also, ask them if they joined the company for the loss mitigation income or the recruiting income and decide why you are joining. If you are looking to pitch a business opportunity all the time, find a company that has a high referral commission.
Be smart. Don’t be sheep. Find what works for you. Don’t listen to everything you read.
As for me, at this point I am still with CSG and I have been paid all of my outstanding commissions. CSG is a young company and they have had some growing pains in the past. I believe most of their issues are now in the past. They are having much greater success now that they have flushed out most of the MLM’ers. Of course now all the MLM’ers are badmouthing the company in order to get you to join their company and make money off your signup fee (that is what MLM’ers do).
All I can say is watch out for these people. If you are considering joining CSG I would still be cautious however. They don’t seem to have their act together completely just yet.
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Comments
They are still in business taking peoples money and not providing anything. I am not sure why all of these disgruntled people are not filing charges with the Attorney General or the FBI, as they are taking money from people across state lines which makes it a federal crime. I for one am not going to let them take my money without letting them know how much I appreciated their little scam they have going on. They make claims of making 10,000 - 20,000 per week and claim that many of their agents are making 6 figures a month. I think the only ones making 6 figures per month is CSG themselves.
Be cautious. You would be better off to keep your money in your pocket. I am not by the way trying to get you to come over to my company as I don’t have another company to even promote to you.
Buyer Beware
Thanks for the feedback. I see they have become more active recently which means more people searching for info. I think people should still stay away too.
I recruited a downline for GSG. Then CSG got rid of my downline and gave it to someone else.
Then
I promoted all the different web pages csg gave us at first, even spending money on driving traffic to csg web pages.
CSG soon told me the only way I could make money with them as a LM1 was foreclosure leads.
After having them change their policy twice on me in a row, to my harm and their betterment, anyone can see why I would not upgrade to a LM2. No way am I giving a company that does like they did any money for being a LM2.
Good bye CSG, I am unhappy with you.
Sorry for your disappointment with CSG.
I will say it again folks - STAY AWAY FROM CSG!! Stay away from Homeowner Media too.
Do they have there act together yet?