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03-12-2018, 07:18 PM #1Karen37aGuest
(Ive seen and heard of many people arrested in various states. We are not regulated( its an advance not loan) but it drags you into compliance territory and the danger zone )
one states rules
The Florida Office of Financial Regulation was the lead investigative agency, partnering with the Volusia County Sheriff’s Office to investigate the fraud. The case is being prosecuted by the Florida Attorney General’s Office of Statewide Prosecution.
The OFR urges consumers to be mindful of certain potential red flags when seeking a loan. If you are in the market for a loan, be wary of the following:
Unlicensed individuals. Verify the license of the company or individual with whom you plan to do business beforehand.
Offers of guaranteed loan approval. Legitimate lenders rarely make such representations without first qualifying an applicant.
Unsolicited offers. Being contacted by a loan broker does not necessarily mean that you are dealing with a legitimate lender or that the loan offering itself is legitimate.
Upfront fees. Any loan broker who insists on collecting a fee before a loan transaction closes is acting outside the law.
The Florida OFR announced the arrests.
“It is illegal in Florida for a loan broker to assess or collect fees in advance of a loan closing,” said Commissioner Drew J. Breakspear. “The OFR remains committed to working with our law enforcement partners to serve justice upon those who seek to prey on Floridians and illegally separate them from their hard earned dollars.”
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03-13-2018, 07:59 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,946
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-13-2018, 09:26 AM #3Karen37aGuest
Yes I stated that ...but credit reports are regulated
And you can play semantics all you like...then get pulled into court debating how advances are not loans while I sit on the sidelines making money staying out of financial regulators cross hairs ( like I did since the mid 80's...the licence record only wanted a 10 year history when I filled it out..i was on wall st since 85)
( please do not give me lessons on finance and regulations..i was nice on here being "Karen" blending with basement isos...but I am really Elizabeth")
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03-13-2018, 09:35 AM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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03-13-2018, 09:36 AM #5Karen37aGuest
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03-13-2018, 11:13 AM #6
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03-13-2018, 10:13 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,946
I appreciate the DF Forum for allowing you a platform to show the world your IQ is less than the digits on your hands & toes every day. I was not making a comment on Lendistry or any other company of what they offer.
Stating a fact - MCA's are NOT Loans and a license is not required anywhere in the country.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-13-2018, 10:28 AM #8Karen37aGuest
yankee i said this
(Ive seen and heard of many people arrested in various states. We are not regulated( its an advance not loan) but it drags you into compliance territory and the danger zone )
Then you said this
Florida does not require a license for MCA and an MCA is NOT a loan.
* one good thing about" print" you cant say ...i never said that, or you never said that ( even though some continually do it) like you block your eyes.
( now some of you jump on with the whole loan is not an advance speech.....hard to watch over and over again)
Gl to you waving **
ps. this is how I know that some people cant "close"...you pick up the wrong cueLast edited by Karen37a; 03-13-2018 at 10:33 AM.
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03-13-2018, 11:32 AM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,946
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-13-2018, 11:37 AM #10Karen37aGuest
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03-13-2018, 10:42 AM #11
- Join Date
- Oct 2016
- Posts
- 4,318
42530248-2A93-480E-8269-9B0AD6DC8E1C.jpg
Hi Dave!
It’s with a heavy heart that i inform you that the SoS lists your company as inactive. You’re a rules guy, so you’ll understand that should refrain from soliciting business until you get your **** together.Last edited by WestCoastFunding; 03-13-2018 at 10:45 AM.
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03-13-2018, 11:02 AM #12
- Join Date
- Jun 2015
- Posts
- 3,321
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03-13-2018, 11:23 AM #13
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,946
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-13-2018, 11:26 AM #14Karen37aGuest
he is just going to look you up in Delaware or nevada
Also florida has "business tax" rules and certain areas are required to get a licence with the local building authority to do business...depends if you are in the inc villages or not
My area is split up so once of my offices had a licence the other didnt have to
There are also home based business rules...licence etc
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03-13-2018, 01:30 PM #15
- Join Date
- Oct 2016
- Posts
- 4,318
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