Activity Stream
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Older Activity
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Today, 02:31 PMFund&Grow also does this, they even take a yearly membership fee.
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Today, 02:16 PMIt's ISO's who do stuff like this that make credit card stacking a bad look, but if done legit no law stating it cannot be done from my digging. I just cannot see where a merchant would see the value paying 10-16% of total card balances approved to broker when it can be done directly themselves. Ethically it's tricky. Oct. 13, 23, I needed ****** cash to purchase a property and rehab. I own a new small business. I was referred to a ******************************* at XXXXXXXXXXXXX *** by a banking associate who I asked for a Business Line of Credit. I also asked ***** for a business line of credit but he said ******** will give me what I need because my was too new. I must develop a relationship with the bank by getting credit cards." He explained his role seeking for numerous credit card company and and setting up and managing the application in return for a 10% payment on the total amount. I first give a verbal consent over phone recording then digitally sign a contract to pay 10%. I asked how can this process help, I didn't't want credit card debts? He said, I will get low limits on credit cards but he will get me higher limits with a 0% interest rate for 12 -18 mths up to 24. ***** said they have lawyer that goes through a loop hole in about 3 days. He repeated the same line my new business and build financial relationships reassured this is guaranteed. The banks called to verify my applications some banks he gave them all my information I didn't even fill out any information. I questioned him on that as well, he said due to time sensitivity and inability to easily access me at work he went ahead and filled it out. As I begin to receive the cards, he sent an invoice to be paid. I asked for 24hours to wire or a cashier check, he said it had to be paid before COB. It was approx ****pm. ***** said to pay it with one of the credit cards I just received. I activated it and paid approx. *****. I questioned for the 3rd time how and when is the lawyer going to liquidate the cards to cash. On Oct 27, ***** then disclosed I have to pay the lawyer an additional 6% of the total cedit cards limits. I told him how insane this was he gave none disclosure upfront, I would not have enough to close and rehab if I have to pay ****** from ******. The agent got confrontational and insistent.
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Today, 01:56 PMWe are still funding Land Loans in Select Markets in California, Texas, Colorado, Florida 500k-5M LTV Up to 50% Commercial and Investment Properties most cities nations. (no rural) Multi Family is a sweet spot right now for our investors. SFR, 2-4 Units, Multifamily No Appraisal Needed 1st Mortgage only IN CALI we can do 2nds. under 55% LTV $500k-$20.MM Loan Amount Up to 65% LTV 1-2 Year Term Primary and Secondary Markets Only 7 Day Closings (Investment Properties Only) www.omegafund.com info@omegafund.com
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Today, 01:42 PMWe fund B/C paper. Reach out to discuss the guidelines.
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Today, 01:27 PMOffshore calling centers don't really work well. When the client is on the phone and asking certain questions that cannot be answered on the spot you lose the possibility to actually have a chance. the ones with bad accents do the damage on the spot, it amounts to good comedy. offshore call center that understands the MCA space, are the ones that offload your clients and money. too many open loose ends not good. you need to be in control!
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Today, 01:03 PMWe can fund your A/B Paper, Anywhere from 30 weeks to 18 Months. 1st-4th Positions Zevi@Jaffecapital.com 917-868-8843
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Today, 01:03 PMA VPN is a bad idea. I don't do credit cards but all my major VPNs are very restricted with banking apps so it MIGHT hurt more than help. I run my own VPN (plus a couple of the major ones) which works great especially when I am out of the country but it solves a different problem than blending in your web traffic
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Today, 12:58 PMHey Sia, I agree with Brandon. You may be happy with an offshore arrangement...until youre not. Too many elements out of your control
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Today, 12:46 PMBTW, I'm proud to sell (peddle) the original Merchant Cash Advance Product - which is credit card splits
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Today, 12:42 PMI handle sensitive information BUT - whenever possible I provide a secure link for clients to enter their information, bank statements, DL , credit card statements. I clearly understand they are paying someone, BUT, the person that is supposedly doing the submitting is attempting to circumvent security protocols. That would be a Red Flag Even the company you mentioned has what appears to be a "Secure Portal" https://secure.seekcapital.com/funds?_gl=1*iun88v*_gcl_au*MTIyMTM5Nzg1LjE3MTU3OTEyMzc.*_ga*NjMwNzY2ODEyLjE3MTU3ODc0NTU.*_ga_D7JKPX6R76*MTcxNTc5MTIzNi4xLjAuMTcxNTc5MTIzNi4wLjAuMA..
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Today, 12:33 PMCheaperteam
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Today, 12:24 PMWe fund a,b,c paper. Send all submissions to, Tai@ontapcap.com ONTAP CAPITAL Tai@ontapcap.com Tai Halberstadt 929-577-9240
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Today, 11:56 AMDave STILL doesn't get it. The clients are PAYING someone else to do it for them for a reason, because they don't know where to get it or if they can get enough money by themselves. You might as well tell them, "You don't need a broker, go straight to the bank for your SBA, here's a random rep's number, you don't have to mention my name!" You're a broker, do you handle sensitive information for bank applications? Or did you stop peddling SBAs and "your" CC split funder?
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Today, 11:36 AMA more efficient solution would be for the client to enter their personal information into a secure application. Not a 3rd party surrogate. Banks are very security conscious https://www.aba.com/banking-topics/technology/cybersecurity/protecting-customers
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Today, 11:34 AMAnyone doing syndication with fundkite?
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Today, 10:42 AMWonder why this question was skipped/glossed over
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Today, 10:33 AMMaybe - I think it was a referral from Marcus. If you are aware of any other lenders who can also do online banking, please post up that information.
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Today, 10:33 AMWe would consider trucking deals. Please send all submissions to, 929-577-9240 Tai@ontapcap.com ONTAP CAPITAL Tai Halberstadt
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Today, 10:30 AMYou should try Mr. Patel
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Today, 10:26 AMKmt is the same company as clover adv, world global, etc. It's a dba. Buyer beware.
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Today, 10:25 AMThey're not hiding their real address, they're putting their true SSN and home address and everything, no lies. They're simply hiding their IP address, which the banks have checks apparently. Years ago, I helped my uncle apply for a Chase credit card while he was visiting from out of state. We didn't use a VPN, he got approved, no fraud. Even if we had used a VPN, there would have been no fraud, because you didn't lie about anything. Maybe if you used ProtonVPN and changed the state of the VPN, it might be more effective, however I'm guessing that banks have lists of the VPN IP addresses, so I'm not sure that that would be effective, but definitely better than a one-size-fits-all VPN.
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Today, 10:19 AMSeek Capital (who comes to the Debanked events BTW) and Midwest Corporate Credit among others have been doing this for over a decade. With the correct tools, it's a great program. Anyone can apply for a credit card on your behalf with a limited POA, which the clients sign first.
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Today, 10:18 AMIn your own words - you are utilizing a technique to hide the applicants real address - The potential card issuer wants accurate information from the applicant, you are attempting to circumvent their security protocols.
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Today, 10:07 AMIt's "you're"........moron.
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Today, 09:52 AMHow is that Fraud!? Lmfao.. did you read that on Google? The applicant legally authorized for a company to apply on their behalf, the banking websites have a security protocol that blocks the application from an IP Address that is not of the Applicants stated home address. Your a complete moron, nothing about it is fraud.
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Today, 07:25 AMZapfunding replied to a thread Infusion Capital is funding 6-7 figure deals left and right. in Merchant Cash AdvanceFunding left and right but no one sees u debiting … rightttttt buddy
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Today, 06:36 AMWe're running a VPN to mask the location to that of the Applicants location, This is FRAUD !.
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Yesterday, 09:01 PMTo be of constructive assistance to other brokers on this site who get files from NOVO (Online) like banks....here's where you can go: Menachem at Caplitalize Group at 347.519.2822 - won't do consulting companies Marcus at Capaybara 561.404.1674 volume for this client was too low. ($35K a month) Jake at KMT Funding - 347 617 2192 advised me this merchant had defaults. This broker reached out to me and I had some referral contacts who do these types of "banks". I gladly offered to assist him submitting the file. Bookmark this post for future reference of online bank lenders.