Greenbox asking for personal guarantee from ISO or say good bye to your renewals
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  1. #1
    Karen37a
    Guest
    Good point Andy

    But the rest is still not straight forward to me. Anything that is "blanketed" you have to trust that the person is not going to screw you going forwards. So you are giving all the trust to them...but they do not trust you.

    Funders have "relationships" with certain Isos and brokers and should know the good from the bad from past experience.If I received that personal guarantee Id be highly offended and Id shred it. Then id pick up the phone " I do not have any defaults, I do not let people stack, I renew with you and you send me this?"

    " how about a reverse non compete "

    To send that to Good Isos is ridiculous and a sign of things to come.

    If not, clean up that language, make it more specific
    Last edited by Karen37a; 07-21-2017 at 11:52 AM.

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