[CashCat]

Customer probably got scammed:

Conman....take these 4 advances and pay me an additional %.

The Promise: If you make your payments for two weeks I have a TRUE Monthly payment option for you with a 5 year term.

The Scam: Merchant starts calling, emailing, texting trying to get his Extended Monthly payment only to realize he is stuck trying to pay for all of these positions.

[WestCoastFunding]

Customer probably got scammed:

Conman....take these 4 advances and pay me an additional %.

The Promise: If you make your payments for two weeks I have a TRUE Monthly payment option for you with a 5 year term.

The Scam: Merchant starts calling, emailing, texting trying to get his Extended Monthly payment only to realize he is stuck trying to pay for all of these positions.

See this all too often lately. But the merchants aren’t victims tho.

[abfunders]

I think we need to start warning our merchants of these scammers. They're sneaking in through CRM hacking or have insiders on the underwriting floors. Or maybe they're just using Silver Bullet leads..... either way, we need to start protecting ourselves.

And the main culprit was discussed here, but admin's "BEWARE OF" deletions got rid of who we should all be telling merchants to "BEWARE" of.