Help! We invested $15,000 and believe we are getting scammed

[Jordan Ewert]

Greetings everyone, I don't like that this is our first post to this website but I'm in a situation (similar to https://www.biggerpockets.com/forums/79/topics/185...) but thankfully we have only invested $2,000 for their 3-day boot camp and another $3,000 for a down payment on their advanced training. I don't want to mention the company name but I'm betting everyone here is smart enough to understand what's happening. 

I haven't paid the final $12,000 (we were given a "deal" for only $15,000 total as opposed to $42,000 by getting a few things a-la-carte instead). In two weeks we're suppose to go to their advanced 3 day in-the-field training and currently have access to their software (again, I don't want to mention the name just yet, but it actually does look like a really good tool I have to admit).

What happens if we don't pay them the rest? Payment is due in two days and right now they don't have any information besides my one card I used. What can they do to me if we just don't pay them the remaining balance?

P.S. This website looks amazing and I can't wait to get to know everyone on here. My wife and I are 100% invested in REI... I just wish we had discovered this site before we went to their free seminar.

[Jordan Ewert]

Thank you @Bill Regan for the warm welcome! I'm very happy to be a part of this community and hope to have more positive news soon about getting my feet off the ground with REI. I took your advice and called my credit card company from that initial $3,000 down payment and guess what... when they heard the name of the company they immediately credited the $ back :)

Tomorrow I'll have the phone call with customer service to explain I want my entire purchase cancelled, so no software (which is actually unfortunate) or 3 day bootcamp.

@Account Closed Lesson learned the hard way. The funny thing is, I actually DID get a lot out of their original $2,000 3 day workshop. It was probably worth more than that to be honest, and they can keep that $. Our presenter (holding off all names at this point) was amazing and I really felt like he was genuine.

It wasn't until I learned the strategy all these guru companies pull on people like my wife and I about the three-tiers and boiler room tactics with raising credit limits did I begin to question the very program itself. I'm still torn, because he was such a good presenter and his information wasn't 80% marketing but rather he spoke 90% excellent information and only 10% marketing...