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10-31-2017, 01:30 AM #1
Reputation points: 11170
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- May 2017
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which premier? what's full name?
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10-31-2017, 10:53 AM #2
Reputation points: 71352
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- Mar 2016
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In regards to all claims on this thread - THERE IS 0 Backdooring at CFG, there is 0 Submitted not funded sheets, there is 0 excel sheets with leads and 0 incoming leads.
We are a 100% ISO Driven shop. Seems like Ryan had a back experience with CFG and that is fine. But like others said, we dont want your F Paper, it makes you look like an F Paper shop. If your merchant was incarcerated for criminal distribution of Cocain, im killing the file myself. Bad credit is caught up front before a deal is priced and SOS is not even an issue so i have no clue what you are claiming here.
As for YSC, you are comparing apples to oranges. Do they give a higher approval? Maybe, but they will also charge you a heavy fee, put a COJ on almost all of your paper and the longetivity of the deal renewing are slim to non. Did i mention that your rep will add a PSF too?
As for commission from CFG? I Believe starting a broker off at 9-10 points is very fair considering the fact that our factors at 1.45 - 1.47. If you are a shop who has their head on straight, has the volume to show for it, and doesnt hop me the day after funding, commission will increase overtime. We dont advertise 15 point commissions anywhere, and half the time you sign up with a shop that does, rarely do you upsell the full amount.
Ryan - save the tears, this is business. Deals fund and some deals die. I dont know who your rep was over here, but it sure as hell wasnt me. Otherwise this issue would of been nipped in the butt LONG AGO.
Midnight - thank you for somewhat clearing up the difference between YSC and CFG. We have many similarities but even more differences which is why we normally go head to head with offers.
For those of you who have any more questions, or ignorant shame posts, feel free to call my line directly so we can resolve whatever issues you have.
You can all reach me on my cell 516-319-5826.
Thank you,
Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com
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10-31-2017, 11:03 AM #3
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10-31-2017, 11:07 AM #4
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10-31-2017, 11:13 AM #5
Reputation points: 179851
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Oh it Just gets Better.
File in as a Rush.
Merchant had offer.
We beat the cost by a fraction, with CFG Contract.
Stopped Funding process with other Broker.
CFG Contract in Signed, STips done, Funding call/Interview completed on a Friday.
Merchant told by CFG he is good to go on Monday for Funding (Even though we already held him up, and he was expecting funding that day..... but CFG was "Past Cutoff..."
Monday Comes....Deal Killed. Merchant Defaulted on King's Cash a while ago, had 3 advances since then paid in full. 0 Balance letters on ALL OF THEM...including Kings Cash.
Merchants done with me, Im done with CFG. Just a personal choice, my company will still send deals to you. None of mine.
The fact remains, if you were gonna kill the deal... do it any other second... besides the last one. Give me a chance to replace it. Instead of just raping my relationship with a merchant due to craziness.
The whole process just severely angered me. It was a RUSH deal. and you guys destroyed it.
Note: Not in DataMerch, and has a zero balance letter...FROM KINGS CASH
Also, has had 3 advances SINCE then, with 0 balance letters. Maybe he slow paid 4 advances ago....whatever.
Im not mad that you declined it - im mad that you told the merchant he would be funded monday - then killed it on monday - even if you killed it on Friday, I could have swapped it with ANOTHER offer I had. But noooooooo. YOUR PROCESS IS WHAT I HOLD AGAINST YOU. PERIOD.
Which is why i just simply said I hate companies who do everything last minute. It puts the broker in tough spotsLast edited by ryan $; 10-31-2017 at 11:18 AM.
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