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12-26-2017, 02:11 PM #1
- Join Date
- Oct 2016
- Posts
- 4,318
Hopefully that home equity line will save him. While I’m sure the broker did tell him they would consolidate the 5 advances, the merchant knew what he was doing.
I love the line about having a lender that will provide them a 5 year term to consolidate the advances. Why not just go to them in the first place. Because they don’t exist. And deep down the merchant knows it, too. They just want to have someone to blame when everything crumbles.
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12-26-2017, 02:16 PM #2
- Join Date
- Jul 2014
- Posts
- 40
HI..WCF..
I did believe that too BUT after dealing with this merchant for a few months I do believe he is the victim of fraud. He has almost killed himself to pay them off. He also tells me of the Scathing messages he sends the guy that did this. He is determined to get back on the right track ...he said he used to get on deck deals for $250k and wants to be that customer again...but the guy who defrauded him lied very well...not only that charged $15k separate broker fee...
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