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  • ridextreme's Avatar
    Today, 04:46 PM
    A merchant is so indebted to you so much that they wanna make sure that you personally are making money off of every deal they touch but then they go ahead and default in their first week of payments?
    92 replies | 4171 view(s) | |
  • Michael I's Avatar
    Today, 04:23 PM
    yeah if they really have that, this can get ugly
    25 replies | 2346 view(s) | |
  • closer129's Avatar
    Today, 04:13 PM
    I fund California deals and you do not need your licenses with us. Our first position renewals work a little like a line of credit. Feel free to reach out to me. Scott Platto Scott@tmrnow.com tmrnow.com 212-220-9872
    2 replies | 57 view(s) | |
  • Olderguy's Avatar
    Today, 03:51 PM
    What is so unique about their loan guidelines that you can't go to a superbroker licensed in CA....or call them and have them refer you to a super broker that is signed up with them fo California?
    2 replies | 57 view(s) | |
  • NEWCDAM's Avatar
    Today, 03:22 PM
    Not big on ABUSIVE relationships. I will NEVER use a funder who won't pay same day, next day, or POSSIBLY within the same week again.
    92 replies | 4171 view(s) | |
  • NeedmoreISOS's Avatar
    Today, 03:17 PM
    This is an Unfortunate turn of events.
    25 replies | 2346 view(s) | |
  • NeedmoreISOS's Avatar
    Today, 03:16 PM
    Sounds like your not a big relationship guy. Keep your head up.
    92 replies | 4171 view(s) | |
  • diditevenfund's Avatar
    Today, 03:15 PM
    Unless the site has paid traffic or SEO its getting legit zero hits and this would serve no use
    18 replies | 1408 view(s) | |
  • NEWCDAM's Avatar
    Today, 02:32 PM
    Having a debated conversation about what is going on, in order to find out opinions of other brokers and lenders is not slander or defamation. This is in fact PUBLICITY which is notice or attention given to someone or something by the media, where they previously had none. Slander is the utterance of FALSE charges or misrepresentations which defame and damage another's reputation. Defamation is the action of damaging the good reputation of someone. If you feel he is right, then his reputation is not damaged. We need to just start a Thread for vocabulary words at this point. We've defined the true meaning of "DEFAULT, SLANDER, PUBLICITY, and DEFAMATION" already. What new words will we come up with next?
    92 replies | 4171 view(s) | |
  • treymarkel's Avatar
    Today, 02:31 PM
    Just curious.....does anyone know who owns or runs the fintalknow.com website? I consider myself a professional, seasoned marketer in the fintech space and I have never heard of this website until someone sent me the article on Centrex last week. I was never called or emailed for a comment or an interview which is standard practice when writing such articles. Thoughts? Cheers, Trey Markel VP Sales and Marketing (888) 622-5810 tmarkel@centrexsoftware.com www.centrexsoftware.com
    25 replies | 2346 view(s) | |
  • NEWCDAM's Avatar
    Today, 02:26 PM
    This is exactly why there are rules and regulations. You simply cannot make decisions based on pride, fear, and other emotions that have no basis, if there is already a contract in place. Especially when the decisions you make can affect a livelihood and company. You don't know what damage holding one's commission is actually doing on the other end, and the fact the funder doesn't care is called "negligence".
    92 replies | 4171 view(s) | |
  • BR-Nightmare's Avatar
    Today, 02:23 PM
    If that is the case, your lawyer should have recommended you to not post anything on a public forum in regards to this as you could possibly set yourself up to be sued for possible defamation and slander.
    92 replies | 4171 view(s) | |
  • NEWCDAM's Avatar
    Today, 02:06 PM
    You don't take broker business because you cant get over on them? Im confused by that statement... If a client bounced payments we would help you get paid up before your legal collections department would, so that's actually your loss I guess.
    92 replies | 4171 view(s) | |
  • Oxforddan's Avatar
    Today, 01:59 PM
    People like you are literally the reason i don't take broker business. Like Jason said.
    92 replies | 4171 view(s) | |
  • NEWCDAM's Avatar
    Today, 01:56 PM
    Freddy.
    92 replies | 4171 view(s) | |
  • NEWCDAM's Avatar
    Today, 01:56 PM
    Again, lol we maintain relationships and are actually working with some of the best lawyers in the US right now. We always make sure the best lawyers to work with us. Thats the problem you think we cant or cant afford it so you break contracts to try to be in control and think somebody won’t come for you. This is actually the wrong ISO to play with. Just because Im on here doesn’t mean nothing is being done outside of here. lol
    92 replies | 4171 view(s) | |
  • JasonBishop's Avatar
    Today, 01:51 PM
    You sound like you'd be a nightmare to deal with on any level. Plus the free email tag. You're clogging up the daily digest.
    92 replies | 4171 view(s) | |
  • NEWCDAM's Avatar
    Today, 01:51 PM
    Again, None of our clients ever defaulted because we keep contact and encourage them to keep a good payment history. Which is why we maintain great relationships with both Merchants and Funders. This merchant trusts our instruction more than anyone, since we’ve been working with them since last year. They refused to even do a deal with another broker, or a funder without making sure our company benefit from it as well. There’s no reason we shouldn't get paid within our contracted clawback period. It took a-lot for the merchant to even get to a second position, thanks to us. No way should we be getting stiffed like this. Its basically like we have been working all these months for with them for no reason.
    92 replies | 4171 view(s) | |
  • NEWCDAM's Avatar
    Today, 01:39 PM
    Yes the merchant did exactly that and has been paying since on time. The funder only pays on the 1st and 15th. The contract states we must get paid within 7 business days with a 30day clawback. They called me on the 1st and told me they cant pay me until he makes the missed payment and pays on time. He paid and is paying on time, but they still don’t want to pay. The clawback period is basically over, but now the funder just doesn’t want to pay until December when the term is over and he cannot just do that. They should've paid us today but would rather us get our lawyer involved, and pay us their share of profits on the deal at this point in fines for violating regulations they dont agree with.
    92 replies | 4171 view(s) | |
  • DailyCloser's Avatar
    Today, 01:39 PM
    Yikes.. Maybe this is what we needed to stop all the backdooring thats been going on. If Centrex wins this case, everyone owes them an apology. but until then get your popcorn ready
    25 replies | 2346 view(s) | |
  • JasonBishop's Avatar
    Today, 01:37 PM
    If there is no problem to solve, there is no use.
    18 replies | 1408 view(s) | |
  • JohnnyFunder's Avatar
    Today, 01:36 PM
    Does anyone here have a California license that is also signed up with Byzfunder? I'd like to refer a client.
    2 replies | 57 view(s)
  • Oxforddan's Avatar
    Today, 01:35 PM
    Yea but OP doesn't have the kahunas to do it. Would rather just cry on here instead of doing something about it, then posting the outcome of the courts.
    92 replies | 4171 view(s) | |
  • Chambo's Avatar
    Today, 01:33 PM
    Until someone actually sues them for breach of contract, there is ZERO incentive to follow through on their end.
    92 replies | 4171 view(s) | |
  • abfunders's Avatar
    Today, 01:25 PM
    The disconnect here is defining a default. Because you agree that the broker should not be paid on a default, right? So let's do it together. Here's the industry standard: The merchant agrees to remit X% of their daily gross revenue. That is estimated to be approximately $Y per day. If they don't do that, then they are reneging on their contractual sale of the gross revenue. Clawback and "not paying commissions" are actually the same thing. Either pay and take back, or don't pay. Most funders will pay you (the ISO) if the merchant does finish out without true collections. Here's your definition: If the company didn't sell/send it off to a third-party collections agency, it's still in 100% good standing. If the merchant bounced a payment and immediately called the funder and said "here's the missed payment", that might change things. Did they do that? Did you encourage the merchant to do that? If you don't have a contractual definition of "default", then you have to look at the industry standard. And as you have seen from the comments here, the "industry standard" is not what you thought. It would have been better to start the thread "here's what happened, is this considered a default and how can I convince the funder to pay the commissions before the end of the term?"
    92 replies | 4171 view(s) | |
  • ridextreme's Avatar
    Today, 01:16 PM
    And the other way around, these rookie ISO reps who come here looking for easy leads are gonna be in for a big awakening too if they actually sign this guy lol.
    92 replies | 4171 view(s) | |
  • Top G's Avatar
    Today, 01:11 PM
    Hopefully you learned your lesson and vet them before you start sending deals lol.
    92 replies | 4171 view(s) | |
  • GrowthHacker's Avatar
    Today, 12:50 PM
    You put up a website because you anticipate eyeballs on it. The question you should be asking is: How do I convert those (after hours) eyeballs that DO see my website?... Do I hire someone for $6 an hour from the Philippians to sit on my site ready to answer any question and hopefully get them to send in a full package? 6pm - 9 am m-fri = 75hrs plus 48 on weekends is ~$750 a week Or do I use Ed's bot which is way more cost effective, faster and never even takes a coffee break?
    18 replies | 1408 view(s) | |
  • NEWCDAM's Avatar
    Today, 12:41 PM
    If no one was on my side there wouldn’t be an entire list of regulation clauses and rules in our favor, nor would we have an inbox full of new funders to work with.
    92 replies | 4171 view(s) | |
  • Top G's Avatar
    Today, 12:38 PM
    No one is on your side, everyone is looking at you like a clown. Quit crying keep dialing
    92 replies | 4171 view(s) | |
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