[Karen37a]

Great job, Accel.

lol

Then you have to listen to some of them playing finance...like Trump game monopoly board . with their industry jargon


Well I am not sure if "algorithms" is your" core competency", we can" flash" the idea around to see if we can get a "buy-in", it seems like this company is on the "bleeding edge" and this is not one of our "verticals"...we will put out some "feelers"...but I think you guys are drinking the" kool-aid" do you think they have the "human capital" to get this done, let us get our "ducks in a row", we cant work in "silos" and meet the deadline., but ill get back to you.

short response
In other words you are broke...get off my phone...dial tone
--
Well that wasn't very lady like or professional

It actually makes my day when I see funders who have no qualms about backdooring an ISO get burned.

I have learned in life what comes around goes around.

I agree

[Shorebird]

It actually makes my day when I see funders who have no qualms about backdooring an ISO get burned.

I have learned in life what comes around goes around.

[StealMyDeal]

It actually makes my day when I see funders who have no qualms about backdooring an ISO get burned.

I have learned in life what comes around goes around.

I get a boner every time i see Richmond lose money

[MidnightAdvance]

I get a boner every time i see Richmond lose money

The thing is, he doesn't really lose money.. It's a refi refi refi

[WestCoastFunding]

I really do wonder how many brokers were involved (if any).

[Karen37a]

I think i remember them( i killed it)... I was qualifying them on the phone( a turn over)...him going ah ha...ill just take the money... I said" do you care how much it costs"...nope ...do you plan on paying it back... then he said, slowly yessssssss...i said nooooo ...well ill just get money somewhere else, they call me all the time..his secretary or mistress giggled.
They were weirdos

[Michael I]

I think i remember them( i killed it)... I was qualifying them on the phone( a turn over)...him going ah ha...ill just take the money... I said" do you care how much it costs"...nope ...do you plan on paying it back... then he said, slowly yessssssss...i said nooooo ...well ill just get money somewhere else, they call me all the time..his secretary or mistress giggled.
They were weirdos

I had him in 9 months ago. His bank statements were manipulated

[Karen37a]

I had him in 9 months ago. His bank statements were manipulated

About the same time for me...he was just a di*k on the phone...I never got to the statements ( and my broker was pissed at me)

backdoor mama might have got fired,, sent it over now that would be funny

[Michael I]

How are these funders still in business
Isn't accel a bunch of guys from bizfi after they closed?
Isn't viceroy Richmond and ram all the same owners ?
These are beyond huge losses

[Karen37a]

How are these funders still in business
Isn't accel a bunch of guys from bizfi after they closed?
Isn't viceroy Richmond and ram all the same owners ?
These are beyond huge losses

And when people have losses like this...Id never send them anything ever and any files renewals will be hard pressed to be paid. I am glad i never did business with 24.

Its like they took peoples books of business down in flames

[WestCoastFunding]

And when people have losses like this...Id never send them anything ever and any files renewals will be hard pressed to be paid. I am glad i never did business with 24.

Its like they took peoples books of business down in flames

Anyone work with 24?

[Karen37a]

Anyone work with 24?

yes...not sure who...someone recommended me to them

[WestCoastFunding]

yes...not sure who...someone recommended me to them

For some reason I had thought they were white labelers.

[NoBigDeal]

How are these funders still in business
Isn't accel a bunch of guys from bizfi after they closed?
Isn't viceroy Richmond and ram all the same owners ?
These are beyond huge losses

I've always wondered just how much Funders keep in reserves in case something like this happens? Or do Funders just keep funding their account to $0 to keep flipping their money?

[Karen37a]

I've always wondered just how much Funders keep in reserves in case something like this happens? Or do Funders just keep funding their account to $0 to keep flipping their money?

I saw the reserves on one Mca company...the public records....they moved the reserve money from left to right to make better numbers or appear to be better numbers. I just sit silent. ( and it is legal the way it was done, not cooking the books)

it should cover defaults...at a % based on the grade of paper

These numbers are part of investment banking "algorithms"...to get a true value on a company then price/earnings ratio...book value , risk grade paper etc

One funder told me to go to underwriting school once... I did ( computer science, quantitive analysis)

[Karen37a]

How do you extend out so far on one person? Its almost unbelievable...like the guy was their cousin and they were taking the investor for money..or just sheer stupidity.

I can't fathom how this can happen. If i had a default like that, id want to leave the country. I seriously can't even take a small one..i go after the merchants lol Its like they played you..conned the con artists

[Karen37a]

If this person did this they have multiple businesses's ...heads up

https://www.corporationwiki.com/p/2mqynl/yermo-27-llc

[Sachip24]

how do you advance over $5million dollars worth of mca's to one merchant like whhattt

[Karen37a]

Name Status Incorporated Key People Role
Yermo Truck Stop, Inc. Active 2015
1
President
Juvinx Inc. Active 2012
1
President
Namr 2617, LLC Active 2010
2
Member
N&R Vanowen LLC Active 2014
2
Member
Yermo 27, LLC Active 2015
1
Member
Namr Yermo 77, LLC Active 2017
1
Member
Namr Yermo 30, LLC Active 2018
1
Member ....new business

[Karen37a]

Some funders/brokers have only their interests at heart and will do anything for the sale

Karens Leadership training # 1000999944
(Concepts From Steven Covey 7 habits of highly effective people)

Personalities

Win: they wish to win at all costs, other people don’t matter. It’s an “every man for himself” mentality.

Win/Lose: the Win/Lose mentality overly competitive and requires the use of power, position, possessions or personality to get one’s way, ...like someone placing an impossible quota on you and watch you struggle, they love it. Also if they make 1 million and you make 2 million for the rest of their life they can never be happy, they think you took their million ( fights on the df for market share, which were ridiculous...banks have our market share)

Lose/Win people prefer to keep the peace by giving in or giving up ..they become resentful and implode or explode on you

Lose/Lose is the philosophy of highly dependent people, and results from the encounter of two Win/Lose individuals.

Win/Win these people think we all can win together...team work makes the dream work

Win/Win or No Deal

, if a mutually beneficial situation can’t be reached, then both parties “agree to disagree” and both walk away with no hard feelings.


** I don't do business with Funders or Reps who are "Win" or Win-Lose"

Only win-win ( so I am win-win or no deal)...and if I encounter a win...i turn into one and roll over them...its not my nature though

I can spot them out in 5 seconds flat...I am usually arguing with them, trying to stop them from trouncing someone ( I can see the ulterior motives as well..its horrible watching...bad movie, same ending)


I stay away from merchants who are "win" and dont want to work with the brokers who are "win" ( or watch them closely)because they are going to default on me or run all over the df talking about me while they are working for me smiling at me. Bye Felisha

Archie where are you? should I read the how to win friends again book?..for the 50th time, and the other 200 books I committed to memory lol


West Coast ..which one do you think you are?NO fightiing we love each other now.

( A few Funders are smart...they matched me with reps who are win-win as well...I don't know if they realized they were doing it )

[BROKER TIME]

where do people get these big deals from teach me lol

[Karen37a]

where do people get these big deals from teach me lol

Don't bother ...the merchants are a pain in the arse, they will bully you...massive stips then one of the foolish idiot funders will steal them from you and it defaults. If not you will lower your commission to 2 cents and you could have funded ten 50k deals in 24 hours ...full boat

Stay between 20k -150k ....100k no tax returns


Any merchant who allows himself to be backdoored...cut the throat of the lil ole broker they were dealing with...for a toaster oven...I can promise you they are going to cut your throat next...thats why the backdoor companies have HIGH defaults...they are training their merchants on how to f people ...they are just waiting to do it to you.

Defaulted merchants ..who then get another cash advance ...are going to stick the 2nd or 3rd cash advance( renewal) company again...they are parlaying it ..i can see right thru it. I bet the defaulted cash advance new advance wont renew with the same company..its passed to some sucker.

id rather stay out of the gutter and the penthouse and work the middle...which i why I walked off wall st in 2000 and when straight for the middle market ...loans, insurance and mutual funds

We are not just jumping around, like some claim ( stockbrokers turned into mortgage brokers and loan originators) ...we are chasing down target markets...

the bank and salaried brokers have Always been our target..we are smarter than some thought we were

Now ...lets get money back INTO Cash advance...and clients...away from the banks or even amex/ pp..or the K Ceo who keeps saying things about us....he also underestimates us...I am just ONE silly little girl right?.....the others stay slient ...gl

[Shorebird]

"Any merchant who allows himself to be backdoored...cut the throat of the lil ole broker they were dealing with...for a toaster oven...I can promise you they are going to cut your throat next...thats why the backdoor companies have HIGH defaults...they are training their merchants on how to f people ...they are just waiting to do it to you."

So true......

[mcaguru]

its a terrible story. it hurts me to see people loss money. I tell all my ISO who claim they are turning funders they need to remember what they remind people at the circus "DO NOT TRY THIS AT HOME" ... deals on paper look good and then comes the ISO begging you to fund and its probably my hardest part of the day when we KILL-A-DEAL ... I want to fund it all but i also want to remain in business.

[funding pro]

its a terrible story. it hurts me to see people loss money. I tell all my ISO who claim they are turning funders they need to remember what they remind people at the circus "DO NOT TRY THIS AT HOME" ... deals on paper look good and then comes the ISO begging you to fund and its probably my hardest part of the day when we KILL-A-DEAL ... I want to fund it all but i also want to remain in business.

I know you are trying to be a mensch, but its not a terrible story for the funders. It's called greed. If not greed, then its a case of bad underwriting. Either way, their investors have been either sold a lie or have these companies breaking covenants in some capacity.