Debt Settlement Companies Paid Yellowstone Capital and Everest Business $500,000
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  1. #1
    Senior Member Reputation points: 47257
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    i had a couple debt settlement companies call me 10 months ago. I asked them, "you want me to sell your product to my customers? That violates every ISO agreement i ever signed."

    They tried to convince me it was a way to make more money off my book of business.

    I was like, WTF, do you have any morals?
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
    Senior Member Reputation points: 307559
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    Quote Originally Posted by skideeppow View Post
    i had a couple debt settlement companies call me 10 months ago. I asked them, "you want me to sell your product to my customers? That violates every ISO agreement i ever signed."

    They tried to convince me it was a way to make more money off my book of business.

    I was like, WTF, do you have any morals?
    same here. one even told me to open another corporation under my mother or something stupid like that.

    I wonder if any other lenders will now sue these guys

  3. #3
    Karen37a
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    Quote Originally Posted by Michael I View Post
    same here. one even told me to open another corporation under my mother or something stupid like that.

    I wonder if any other lenders will now sue these guys
    What about that Amy person who was calling everyone including me like a nut.

    One of them in Florida told me "if I knew what was good for me" id partner with them.

    I don't know if they realize that we consider ourselves the Funders partners on our book of business and we get renewal commission.

  4. #4
    Senior Member Reputation points: 2218
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    Quote Originally Posted by Michael I View Post
    same here. one even told me to open another corporation under my mother or something stupid like that.

    I wonder if any other lenders will now sue these guys
    Yes. LCF has also sued settle my cash advance recently, and is also going after other debt settlement firms. You will be seeing a lot more lawsuits against these guys in the coming months.

    https://iapps.courts.state.ny.us/nys..._PLUS_No/Y3A==

  5. #5
    Karen37a
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    Quote Originally Posted by Andy View Post
    Yes. LCF has also sued settle my cash advance recently, and is also going after other debt settlement firms. You will be seeing a lot more lawsuits against these guys in the coming months.

    https://iapps.courts.state.ny.us/nys..._PLUS_No/Y3A==

    Some of these companies have been tacked before. Sued etc.

    If they keep going they will wind up in jail with mail and wire fraud charges. They will raid them. Everyone including the secretary who answers the phone "legal dept" will get charged and they seize their assets..all, personal...and a judgement that follows you to tohe grave, you cant go bankrupt from it

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