[HDF]

Do 1st Global merchants start seeking deals to pay off their advances at a massive discount?

Interesting. So like, "I'll be your client at 1.20 if you get me out of 1.35 today. And throw in an extra 3 months to pay."

But how will they get informed in the first place? Will UCC cold calls beat some announcement to the merchants?

[Karen37a]

Interesting. So like, "I'll be your client at 1.20 if you get me out of 1.35 today. And throw in an extra 3 months to pay."

But how will they get informed in the first place? Will UCC cold calls beat some announcement to the merchants?

Anyone can make a good living...period the end...the only ones who are complaining all the time are the ones who cant pick up the phone

Draging everyone down with them.

I loved taking advice from an uber driver demanding my ex licences...that was fun.

Good night

[HDF]

I can get 5 brokers to fund 5 million in a month..period the end...the only ones who are complaining all the time are the ones who cant pick up the phone

Draging everyone down with them

Hi Karen. I was responding to West Coast and trying to continue a constructive conversation on the pressing issue at hand. Trying to revisit your bad experience over and over with some old antagonist isn't cool in every thread.

[Karen37a]

Hi Karen. I was responding to West Coast and trying to continue a constructive conversation on the pressing issue at hand. Trying to revisit your bad experience over and over with some old antagonist isn't cool in every thread.

you dont even know what the pressing issue is...you just want to chime in that omg people are ****ting their pants

They are not ****ting their pants, trust me. ( ONE are ****ting their pants)...and maybe one or 2 more A paper

NOT c/D

[HDF]

you dont even know what the pressing issue is...you just want to chime in that omg people are ****ting their pants

They are not ****ting their pants, trust me. ( ONE are ****ting their pants)...and maybe one or 2 more A paper

NOT c/D

Yes. A few more at least. Like I said.

[WestCoastFunding]

Interesting. So like, "I'll be your client at 1.20 if you get me out of 1.35 today. And throw in an extra 3 months to pay."

But how will they get informed in the first place? Will UCC cold calls beat some announcement to the merchants?

I noticed when Can was goiig thru their issues, merchants who had Can advances were asking for money to payoff Can because they negotiated great early payoffs. I thought it was amazing that the Can news had gotten to the merchants and the merchants were taking upon themselves to capitalize on it.

Also last year I had merchants who had advances from PowerUp saying that PowerUp was reaching out to them offering 30-40% discounts for immediate payoffs.

I do believe merchants with large balances will seek to take advantage of this. But I wonder if the creditors will proactively reaching out to merchants to try and get as much cash immediately.

Also, I wonder how well the remaining advances will perform. Will this cause even more voluntary defaults?

[Karen37a]

I noticed when Can was going thru their issues, merchants who had Can advances were asking for money to payoff Can because they negotiated great early payoffs. I thought it was amazing that the Can news had gotten to the merchants and the merchants were taking upon themselves to capitalize on it.

Also last year I had merchants who had advances from PowerUp saying that PowerUp was reaching out to them offering 30-40% discounts for immediate payoffs.

I do believe merchants with large balances will seek to take advantage of this. But I wonder if the creditors will proactively reaching out to merchants to try and get as much cash immediately.

Also, I wonder how well the remaining advances will perform. Will this cause even more voluntary defaults?

Some of the merchant cash advance brokers who have experienced were calling in ...to no avail..to finally find people.

some mca brokers/ ex-mortgage brokers negotiated the early pay off for the merchants please do not give them all the credit. Most experienced financial people have experience in Debt relief and collections/ negotiations..credit repair which involves removals of debt completly or offers in compromises...being on both sides personally

When bad things happen the isos who were attached to the merchant get dragged in to....you are responsible for placing the merchant or putting them in that situation

Not a good branding idea like that cab guy said.
.
There are big risks to the Iso as well in these transactions..if a merchant ever sues...you think they wouldn't add the isos in? and the brokers? They would name the janitor in the building on the law suit if they could .Good thing they do not have a Fiduciary Responsibility on things they have no control over like some were suggesting.

You can never cut the commissions down to almost nothing...too much risk/drama

__

If a broker or iso had fiduciary responsibility in this situation...what would happen after "if" these guys go to jail?
I am sure the investigations are going to trickle down to some isos/brokers who gave them a lot of business ...they will never be able to decipher who is in on it , who isnt.


They are probally watching us type

( just like Bernie Madoff surprised everyone with his huge ponzi scheme..brokers /isos/employees usually have no clue as to what the hell is going on)