Results 26 to 37 of 37
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05-25-2017, 11:35 AM #26
- Join Date
- Oct 2016
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- 4,318
I agree with all of this and do the same myself. Some brokers have valuable relationships that other brokers can benefit from. So I'm all for relationships.
With that having been said, this guys press release was just a repackaging of WBL. And I see no evidence yet that they are anything other than a broker packaging WBL (they give you 5 points and keep 3 for themselves). I really don't see anyone needing to find a person who has a relationship with WBL because if you check your spam box, there are dozens of WBL emails waiting for you.
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05-25-2017, 11:41 AM #27
- Join Date
- Jan 2017
- Posts
- 8
We agree, it is very important to be upfront. We started as a broker and have grown from there. We now work with in house monies and syndicated partners. This consolidation program was developed in house, which we are very proud of.
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05-25-2017, 11:45 AM #28
this could simply be a ploy for them to get leads to pitch a corporate restructure program.
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05-25-2017, 12:01 PM #29
- Join Date
- Jan 2014
- Posts
- 1,375
again, its the same "consolidation" ML factors offers. They are not actually consolidating anything just giving merchant a larger advance with few extra months making their daily payment lower on that particular advance. Every week they will deposit enough to cover merchants current advances, merchant then in turn pays lower daily payments to them. merchant is not saving any money what so ever as in a real consolidation. What it does do though is free up merchants cash flow in the interim which could be of a benefit. But in the long run its a wash for the merchants, freeing up cash but still paying off a larger advance.
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05-25-2017, 12:10 PM #30
- Join Date
- Mar 2015
- Posts
- 90
So how the program works they are looking to save the merchant at least 25% on their daily payments every day. How it works is we are looking for merchants with 3 or more advances and instead of paying off the current lenders so they can just stack back on top of us what we will do is deposit the funds into their account each week on the day that merchant chooses to cover current daily payments then pull our reduced payment out daily. It is still being underwritten based upon Revenue as well as the formula used to come up with the consolidation. Whats great about the program its not an all or nothing program so if the merchant has 5 advances and only 2 make sense they will consolidate the 2 then come back and do the rest when they are ready. This program strategically in order to make sense for the merchant so they can save money all around even on top of the interest.
Now I have been offering this consolidation program to my merchants for the past 8 months and know they guy who came up with this, and i have never heard of Cast Capital
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05-25-2017, 12:10 PM #31
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05-25-2017, 12:22 PM #32
- Join Date
- Jun 2016
- Posts
- 416
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05-25-2017, 02:25 PM #33
- Join Date
- Oct 2016
- Posts
- 4,318
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05-25-2017, 06:36 PM #34
- Join Date
- May 2017
- Posts
- 10
Cash village started the program this year. We send alot of our consolidation to them u know what i mean dogg?
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05-26-2017, 08:32 AM #35
- Join Date
- Oct 2016
- Posts
- 4,318
Ive gotta tell you, Cash Village has a pretty awful reputation around here.
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05-26-2017, 12:15 PM #36
- Join Date
- Jan 2017
- Posts
- 8
Anthony, we don't condone or agree with how debt settlement companies operate. We are looking to make a good splash in this industry. We believe that merchants should satisfy their current contracts. We believe our program will be able to help out many businesses and give them some breathing room. Happy to answer any other questions.
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07-11-2017, 12:37 PM #37
- Join Date
- Sep 2015
- Posts
- 40
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