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08-09-2017, 03:46 PM #1
- Join Date
- Jul 2017
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Shield advisory group mca iso or creditor's relief iso? Funder's beware
Has anyone ever heard of this shop. wwwshieldadvisorygroup.com I spoke to a merchant who said they were working with Shield Advisory Group. The merchant needed 10k for marketing and already had 2 positions. He was very open with the fact that he couldn't currently afford his daily payments yet was actively seeking additional funding. He then proceeded to tell me that Shield Advisory Group told him they could facilitate a 3rd for 10k, then soon afterward have an attorney's review their 3 contracts which typically results in a 50-75% payment reduction for all of their daily payment advances. This is disgusting. I advised the merchant to pay down their advances or use the reconciliation clause in their contract if they had to. He didn't even know what I meant by reconciliation clause and proceeded to ask me if I could get him more than 10k. I'm aware this type of nonsense is happening all the time, but it floors me to see something this blatant. If any funding companies or lenders are working with this group BEWARE!
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