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  1. #1
    Karen37a
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    edit
    Last edited by Karen37a; 07-23-2017 at 04:56 PM.

  2. #2
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    What about this company? Anyone know?

    https://corporatedebtadvisors.com/

  3. #3
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by soccercoach View Post
    What about this company? Anyone know?

    https://corporatedebtadvisors.com/
    CORPORATE DEBT ADVISORS, LLC
    Filing Information
    Document Number
    L17000062119

    FEI/EIN Number
    NONE

    Date Filed
    03/20/2017

    Effective Date
    03/13/2017

    State
    FL

    Status
    ACTIVE

    Principal Address
    7601 N FEDERAL HWY
    SUITE 250B
    BOCA RATON, FL 33487

    Mailing Address
    7601 N FEDERAL HWY
    SUITE 250B
    BOCA RATON, FL 33487

    Registered Agent Name & Address
    SHEA, TONY
    7601 N FEDERAL HWY
    SUITE 250B
    BOCA RATON, FL 33487

    Authorized Person(s) Detail
    Name & Address

    Title MGR

    SHEA, TONY L
    7601 N FEDERAL HWY SUITE 250B
    BOCA RATON, FL 33487

    Title MGR

    SHARPE, MICHELE
    7601 N FEDERAL HWY SUITE 250B
    BOCA RATON, FL 33487
    know them?
    Anthony Diamond
    Underwriter

  4. #4
    I'm sorry but if an ISO starts or "converts" to a debt relief company then they must be broke. We've all been pitched by these schmucks and it's sad to but not surprising to see some ISO's jumping ship.

    Things are going to get harder and only the shops that are profitable will prevail. Something tells me that this debt relief wave is going to end soon.

  5. #5
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by The Chosen One View Post
    I'm sorry but if an ISO starts or "converts" to a debt relief company then they must be broke. We've all been pitched by these schmucks and it's sad to but not surprising to see some ISO's jumping ship.

    Things are going to get harder and only the shops that are profitable will prevail. Something tells me that this debt relief wave is going to end soon.
    I don't think it's as much of this situation as it is ISO's trying to capitalize on all leads even the bad ones by getting commission/fees on their defaults by doing debt consolidation on the same leads they pounded 20-30% out of 3 times by triple funding them.

    So that's a problem, don't you agree? A major conflict of interest.
    Anthony Diamond
    Underwriter

  6. #6
    Karen37a
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    I do not know why some people dip into the debt restructuring business as well. They think they are monetizing data like he said.
    Last edited by Karen37a; 07-18-2017 at 05:47 PM.

  7. #7
    Karen37a
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    edit **

    The question is... Why do they feel like they can get more money from someone when they are sticking the last funders for money?

    Seriously think about it. Think about lending a friend $500 because they said it was for rent or an emergency...then you see them out on the town in a limo ordering steak and lobster. Then they say " well I know this guy and I am only going to give you half the money back"..." and by the way...can I have more money?"

    *** I want to be a fly on the wall when some debt guy gets on the phone with one of the tough Funders lawyers ( they better be good )** I want to see them stacked 4 and have 4 lawyers after them

    I do not know how much they have to owe until it's worth it for them( so I can not speak about their collection process).In my old industries and for me in this one it's $1 ...based on the principal.( if they lied to you or messed with you and caused damages)
    Last edited by Karen37a; 07-19-2017 at 07:19 PM. Reason: typo

  8. #8
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    if any of u people have applications that has been declined due to default or stop payment, send them my way.

    We work with merchants both getting business cash advance loans and also restructure advances as well.

    Call us a super funding company.

  9. #9
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    Quote Originally Posted by Israel Funding View Post
    if any of u people have applications that has been declined due to default or stop payment, send them my way.

    We work with merchants both getting business cash advance loans and also restructure advances as well.

    Call us a super funding company.
    What do you mean by "restructure" advances?

  10. #10
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by Israel Funding View Post
    if any of u people have applications that has been declined due to default or stop payment, send them my way.

    We work with merchants both getting business cash advance loans and also restructure advances as well.

    Call us a super funding company.
    Did this genius just say he helps merchants restructure advances??? Anyone know who he is?

  11. #11
    Karen37a
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    LoL

    ** I hope everyone else sees the game

    I Knew from the day you got here that you are just a debt restructuring guy preying on people thinking they can stack to the 9th Power


    You should have said stacked 4th 5th postion..9th ?
    Last edited by Karen37a; 07-19-2017 at 07:58 PM.

  12. #12
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    Quote Originally Posted by Karen37a View Post
    LoL

    ** I hope everyone else sees the game

    I Knew from the day you got here that you are just a debt restructuring guy preying on people thinking they can stack to the 9th Power


    You should have said stacked 4th 5th postion..9th ? Go back to con artist school
    I just assumed he was a broker pretending to be a funder. Probably Empire in disguise.

  13. #13
    Karen37a
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    Debt Restructuring ....telling merchants to default and not make payments


    God save me

  14. #14
    Karen37a
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    They tell people we stack to the 9th....then they get the stacked files and convince merchants to default.

    ( and I am guessing)


    **** he is so greedy he didn't want to leave out the potential for files that have 5 advances, 6 advances, 7 , or 8 ( so he busted himself by saying 9...so I saw it instantly)

    I need a vacation
    Last edited by Karen37a; 07-19-2017 at 08:17 PM.

  15. #15
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    fyi-- we also work with merchants who have dui or criminal background. We will not judge them by having a mugshot or what they look like.

  16. #16
    Karen37a
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    now the df you see what you did?


    Israel I have 5 files for you.Print your information.

    Or the people who are going to send you files...share the wealth.

    Do you have the call centers in the Philippines?


    You are not having merchants default on me...its not my money
    Last edited by Karen37a; 07-19-2017 at 08:02 PM.

  17. #17
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    Quote Originally Posted by Israel Funding View Post
    fyi-- we also work with merchants who have dui or criminal background. We will not judge them by having a mugshot or what they look like.
    who is Israel Funding? I can't find any information on the internet. Do you have a website?

  18. #18
    Karen37a
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    He is a guy who tells people he stacks to the 9th then convinces merchants to default.( sends it off to one of the debt companies)

    And the idiot on this site told him I had a dui so I have to hear his bull**** now
    Last edited by Karen37a; 07-19-2017 at 08:09 PM.

  19. #19
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    MCA Help Line

    Israel, Did you just say you restructure their existing cash advances meaning you have them block payments and renegotiate the original terms of the deal? Please explain

  20. #20
    Karen37a
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    To brokers thinking about debt restructuring

    It seems like an innocent thing until you find out the reality of whats going on behind the scenes. Me being in Mortgages for so long, I was on the both ends of Hamp restructuring( Loan modifications)...debt restructuring for Mortgages and worked in/with a law firm or 3.

    This is why I also hold a low to no default ratio because if a client even utters the word "default" I go into overdrive to hold them into the advance. One client switched processors ( I caught it on the credit report), I made them switch back, I just pulled one back out of default..took 2 months and these people mention default to me on the phone all the time on cold calls. I got 3 funders paid back and it wasn't even my deal. I said pay it off in this order (funder I liked, funder i do not know, one I hated )

    Very very very very few restructuring companies are really going to have their clients best interest at heart. Most get arrested for nonperformance of work, co mingling funds, licencing etc

    And there is a difference between someone really being in trouble and seeking OUT help and someone coaching someone into default.The person is going to go into bankruptcy, personal and business ( not realizing thats what the end goal is). After collections and lawyers come after them and make their life a hell. THEN you can check the original application for inaccuracies and find fraudulent statements...deceptive practices.

    I wrote forensic loan analysis reports to make the case that the "borrower" should eat the loss on loans.( only on the big mouth ones or fraud)

    Bottom line... some of these defaults if pursued correctly won't be able to be pulled into a bankruptcy.

    "presumptive credit abuse "Debts resulting from fraud are nondischargeable and do not go away.And they can go to jail.

    ( they will dig thru your underwear drawer and see you shopping at whole foods, buying a new purse and throw out any argument you have)

    I am sure the Funders who make bazillions have it handled

    Do you Really need the small commission that bad?That you f over funding companies that are helping you and are "ISO Friendly"...(I can see some brokers taking revenge on certain funders) Spend time finding new merchants. Leave certain funders alone lol
    Last edited by Karen37a; 07-20-2017 at 09:16 AM. Reason: typos as usual

  21. #21
    Karen37a
    Guest
    Here is an old article from Debanked

    "Defraud Merchant Cash Advance companies go to jail"


    http://debanked.com/2015/04/defraud-...es-go-to-jail/

  22. #22

    Commercial Debt Settlement Companies are Not All Bad

    Let's start with some facts to address the innuendo in these posts.

    1) MCA Helpline offers ethical and fully compliant solutions for merchants suffering hardship because of too many cash advances. Every member of our team, including our ISO Relationship Managers, have held senior leadership positions in the most well-known MCA funders, brokers and marketing companies in the industry.

    2) I personally have been in the MCA industry for 9 years as a lead and submission generator for two of the most well known direct funders in the industry. My marketing company generated over $120.0 million in demand last year for one funder alone.

    3) It is true that in 1986 I was indicted and plead guilty as an employee of a precious metals trading company. I was 22 years old when I left that business (my first job) and 25 when I was convicted. I'm not proud of it, but I served my time and preserved my dignity and learnt many life lessons. Today I am 56. In the 25 years since, I founded a telecom reseller and sold it to MCI (1996), served as chief marketing officer of another NASDAQ traded telecom that was sold to AT&T (1999) and founded, took public and eventually sold a global call center company with 6,000 seats of capacity in the Philippines and India - our clients included AOL, Earthlink, Discover, American Express and other Fortune 500 financial services and telecom companies (2006). I live with lasting effects of my indiscretions 35 years ago - but to assume that somehow makes me less of a professional or less than ethical today is offensive and wrong. You don't know me and if you did, you'd be asking me how I can help your bottom line instead of casting dispersions.

    4) While it is true that there are debt relief companies that are unethical and even corrupt (just like some MCA companies), to paint the entire industry with the same brush is a mistake. There are several effective and responsible providers - I interviewed them all when I made the business decision to enter this market space.

    5) You are spending good money on telemarketing, direct mail, digital campaigns and other advertising, but finding way too many of the submissions you generate are just plain unfundable.
    More and more of your clients’ applications are getting declined. And even when funders do make an offer, it’s often a fraction of what the merchant is expecting because he already has too many open advances with several other funders.

    6) Your fiduciary responsibility is to your client - not the funders who advance him too much money before you tried to help him. To choke a merchant with too much debt when you know intellectually that it's not in his best interest is immoral. Responsible restructuring and settlement can save a merchants business.

    7) And if just doing the right thing for your client isn’t reward enough, an ISO can earn substantial commissions based on the amount of your clients’ debt - as much as 9% on every dollar your client already owes – including the factor amount. Our average deal size is $70,000 and typical savings for the merchant are 40 -50% of his debt load and a manageable weekly or bi-weekly payment plan. Funders negotiate to avoid costly write-offs - no different than banks allowing short sales on mortgages or a credit card company extending terms, eliminating interest and reducing balances to preserve value. To close your eyes to it is to be naive.

    8) MCA HelpLine is not an ISO and not a direct seller of settlement services (a business decision we made to avoid any conflict with our ISOs). We enroll ISOs with the best provider, provide superior training and support and best in breed technology. We distribute all the leads we organically generate on our website to our ISOs (yes - distribute, not sell). We are proud of our skills and stand tall with integrity.

    9) Nobody is twisting your arm to become and ISO for MCA HelpLine or any other settlement company. To protect your clients and reduce overall CPA on deals you can't fund by recycling already-spent marketing dollars into a product that your client will appreciate is just good business. Do it or not - the most impaired merchants will find their way to this service.

    10) Finally, on a personal level - Archie, why did you sign an NDA and then go to this forum to do your diligence? Carol would have been happy to provide references and explain the entire process from A to Z so you could have make an educated decision. I wish you the best and we stand ready to help JumpStart Capital learn to appreciate this sector and improve your revenue by showing you how to monetize declines and help your clients preserve their business.

  23. #23
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    Quote Originally Posted by tefisch View Post
    I founded a telecom reseller and sold it to MCI (1996), served as chief marketing officer of another NASDAQ traded telecom that was sold to AT&T (1999) and founded, took public and eventually sold a global call center company with 6,000 seats of capacity in the Philippines and India - our clients included AOL, Earthlink, Discover, American Express and other Fortune 500 financial services and telecom companies (2006).
    And now you've regressed to selling debt restructuring/corporate turnaround services. What went so wrong?

  24. #24
    Quote Originally Posted by WestCoastFunding View Post
    And now you've regressed to selling debt restructuring/corporate turnaround services. What went so wrong?
    Warren Buffet said "be fearful when others are greedy and greedy only when others are fearful".

  25. #25
    Karen37a
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    Quote Originally Posted by tefisch View Post
    Warren Buffet said "be fearful when others are greedy and greedy only when others are fearful".
    Not fighting with you and my last comment on the topic to you personally.... I guess Fiduciary Responsibility got tossed right out the window. lol

    Just be hopeful. If they get the regulation they push for or try to put Fiduciays laws on Brokers ...by law, you will get more business.

    If someone utters the words "high payment" "high rate"...poof debt restructuring as instructed by law. ( bet some of you didn't think that far ahead, even though I told you it over and over and over while you harassed me and let some piker try to take me down which was laughable yet annoying...(untill I kick the chiwawa from one side of the room to another then go to church or temple and pray and look bad doing it)

    ( I found a loophole in the Fiduciary if it ever happened so I can move with my conscience which 99% of the time will be to protect the funder who gave someone money to help them with "renovations and expansion" which they blew at the casino)

    Gl to you
    Last edited by Karen37a; 07-23-2017 at 02:03 PM.

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