[fundingsmbs]

nobody owns the book of business unless that is specifically in the contract you signed with a funder. most iso agreements state the opposite. as for w2s, nobody will own anything the day they get chopped its at will unless again, you built that into your employment contract which would be very rare a co would accept those terms. there are iso agreements that literally state that if you don't fund within 90 days, all of your book is gone.

[Karen37a]

nobody owns the book of business unless that is specifically in the contract you signed with a funder. most iso agreements state the opposite. as for w2s, nobody will own anything the day they get chopped its at will unless again, you built that into your employment contract which would be very rare a co would accept those terms. there are iso agreements that literally state that if you don't fund within 90 days, all of your book is gone.

The funders own it ...but guess what

30% of the Top Isos believe they own them and are "placing the deals" with someone

And when you make a move on them...they are going to go out the door with the book of buskness and sometimes take the staff

[Karen37a]

I separated from Citigroup its clear as day on my resume

went out the door with 500 of my brokers too...had it in writing signed off by lawyers

so play the games you want...and think what you think

People should just play nice-nice with each other...or dont

[Karen37a]

This is normally where 5 more fools join into the casual banter

but they cant...they had their book of business taken from them and they have another type of job

[Karen37a]

What I think yall are saying to me is 1099 Isos or Super Isos are only worth what the owner is worth ( and can only grow to meet the owner's abilities and expectations)

and you have to generate your own sales...hunt kill eat repeat...because even Microsoft started in the basement of a house


sooo back to the TOP....pick up the fking phone

[Kevin Henry-Seacoast]

Karen,

I love the way you so eloquently put words in my mouth. I have never said 1099 brokers suck. I have been 1099 myself and just prefer the way I am compensated as it is more lucrative.n As I recall...you are the one that bashes anyone that is not 1099.

Yes-when your warrants are about to expire you have to ask for the extension of convert them and put up cash..... I think I know how this works.....

[Karen37a]

Karen,

I love the way you so eloquently put words in my mouth. I have never said 1099 brokers suck. I have been 1099 myself and just prefer the way I am compensated as it is more lucrative.n As I recall...you are the one that bashes anyone that is not 1099.

Yes-when your warrants are about to expire you have to ask for the extension of convert them and put up cash..... I think I know how this works.....

If you really understood the fallout ratios in sales and the self esteem and brass balls it takes to make it

And the **** people have to go thru

Just having newbies admit to being a "salesperson" is the first hurdle

suck it up... Ive brainwashed myself a loooonggg time ago against w/2 and banks as a sales trainer and recruiter

we are the 1099 MCA Army

( since some of these people give you sales , let your ego drop and deal with it)

[Kevin Henry-Seacoast]

If you really understood the fallout ratios in sales and the self esteem and brass balls it takes to make it

And the **** people have to go thru

Just having newbies admit to being a "salesperson" is the first hurdle

suck it up... Ive brainwashed myself a loooonggg time ago against w/2 and banks as a sales trainer and recruiter

we are the 1099 MCA Army

( since some of these people give you sales , let your ego drop and deal with it)

Let my ego go???? Again you are being braggadocios about your experiences and talking down to me like I don't understand how to build a sales driven organization. Again....you clearly do not know me or how I am compensated, but you do know how to talk down to me just because I work for a bank.
Yes-I do have brokers that do business with me and a host of other types of referral sources and they are treated respectfully and compensated handsomely for their efforts.

[Karen37a]

Let my ego go???? Again you are being braggadocios about your experiences and talking down to me like I don't understand how to build a sales driven organization. Again....you clearly do not know me or how I am compensated, but you do know how to talk down to me just because I work for a bank.
Yes-I do have brokers that do business with me and a host of other types of referral sources and they are treated respectfully and compensated handsomely for their efforts.

Kevin I liked you until you started trying to jump me with west coast funding


That beind said...i do not chat with you first ..ever...again you are coming in on the tail end of coversations to me like yah yo man

Do you have strategic meetings? Lets meet on wed to attack Karen ( and its been going on for 3 years now)

You do not like me, Ignore me. They have a button. I can promise you I am not chatting about you...ever.

[Lmonus]

Do you all find yourself when certain people in this industry call you and say "i am now by xxxx" that you think i give it a month to 6 months max.
I dont know if these people just think the grass is greener or they keep getting fired but it is crazy how they still get hired.

Some people see the light at the end of the tunnel and love the industry. All you need is the right home to be successful, took me a couple of jumps before i landed at CFGMS and cant imagine going anywhere else now.

[Karen37a]

While everyone has spent years being negative other funders/lenders are funding millions and millions.

Negative posts articles, etc etc. If anyone would look at this they would think "that's the last place that I would ever invest my money"

Yet...people latch onto an idea like bitcoin and run with it.

If Carl Icahn says he is going negative on a stock...or George Soros or anyone of high profile states that they are either buying or selling something ( its illegal) because people will buy or sell just based on the rumor. This is a common prermise in stocks " buy on runor sell on news "

This board should have been the last place for some people to be yelling Regulation or that we are Doomed

I tried to block it because I can't tell if they are just dumb mfkrs or doing it on purpose

Get off 1099 Isos and the MCA industry already

[J.Celifarco]

While everyone has spent years being negative other funders/lenders are funding millions and millions.

Negative posts articles, etc etc. If anyone would look at this they would think "that's the last place that I would ever invest my money"

Yet...people latch onto an idea like bitcoin and run with it.

If Carl Icahn says he is going negative on a stock...or George Soros or anyone of high profile states that they are either buying or selling something ( its illegal) because people will buy or sell just based on the rumor. This is a common prermise in stocks " buy on runor sell on news "

This board should have been the last place for some people to be yelling Regulation or that we are Doomed

I tried to block it because I can't tell if they are just dumb mfkrs or doing it on purpose

Get off 1099 Isos and the MCA industry already

this is a MCA forum why would we get off MCA or talking about things that affect the industry? Regulation when it comes and in what form, is a big dea.l If we dont discuss it on places like this forum where should it be discussed? Pretending it is not happening to me seems silly

[Karen37a]

this is a MCA forum why would we get off MCA or talking about things that affect the industry? Regulation when it comes and in what form, is a big dea.l If we dont discuss it on places like this forum where should it be discussed? Pretending it is not happening to me seems silly

Someone just posted fake news about a lawyer sending out letters to isos

Maybe you can't see the fake news crap and slants but I can

And why?...they wanted regulation to lock up competition

they do not want D paper and they do not want seconds

And I have said for 3 years now...it wont have the desired effects....it just collapses the industry and makes way for banks to run us down

[J.Celifarco]

Someone just posted fake news about a lawyer sending out letters to isos

Maybe you can't see the fake news crap and slants but I can

And why?...they wanted regulation to lock up competition

they do not want D paper and they do not want seconds

And I have said for 3 years now...it wont have the desired effects....it just collapses the industry and makes way for banks to run us down

no matter what people want second positions arent going anywhere they have become a part of the industry and A paper banks are not even killing deals for having 2 positions open anymore. You are worrying about issues that dont exist. Do people want out of control stacking to stop where companies are taking upwards of 30% of a companies gross sales to pay back positions they cant afford, YES, but nobody is saying anything about common sense second positions or even thirds that arent destroying the merchant. Years ago yes but now they are too much a part of the industry for anything to be done about them. It is about common sense and not taking things too far.

[Karen37a]

no matter what people want second positions arent going anywhere they have become a part of the industry and A paper banks are not even killing deals for having 2 positions open anymore. You are worrying about issues that dont exist. Do people want out of control stacking to stop where companies are taking upwards of 30% of a companies gross sales to pay back positions they cant afford, YES, but nobody is saying anything about common sense second positions or even thirds that arent destroying the merchant. Years ago yes but now they are too much a part of the industry for anything to be done about them. It is about common sense and not taking things too far.

Thats not what "outlawing" mca does or putting APR on contracts causing them to turn into loan

Stare decicis...it causes defaults and sets precendent for debt relief to automatically default on you and no cojs and no collections allowed

That dumb smart box with the apr...and the bullies trying to shove it thru trying to gain market share...cursong me out for 3 years already

no apr ...period or you get defaulted on

if you do not understand that's your problem. what I said for 3 years is true

[HDF]

Don't Dr. Ford me. I'd like to see these "black jokes" you refer to that insinuate here that I am racist.. And I defend my right to type whatever I want. Got it?

[MCNetwork]

This forum should be renamed Karen37a vs. The World

[Karen37a]

This forum should be renamed Karen37a vs. The World

that's another fake new post. I am friends with about 100 brokers /isos( some are part-time)...its always the same 5 -7 of youI have more friends on my fb post from my old hometown in NY then are here...probably 300-400 .If you add in friends from the loan industry or investments or insurance the numbers will skyrocket

( I do not even dislike the people who were in charge of the one office I worked in before...we got caught up in a buyout and again I am like a pit bull when it comes to protecting the book of business and you cant have it both ways...non stacking without crazy brokers trying to hold onto the book of business ...fighting off defaults and debt relief)

Its impossible for me to harness/coral that all that into one 2000 sq ft s office

I made a decision to go to Funders who would allow me to build a book of business and renew...and I hold low defaults and do not stack myself to hold up my end

The sad part is you thought it would make you money...and it was far far far from the truthAnd half the people arguing all the time are trying to place themselves over someone's head to get overrides like a bad multi-level marketing company instead of picking up the phone

Big companies like that go Wide ...not just deep...not one person on the top and 7 people on the next level....1000 on the next level and t they stem down from there

Thats, why I left the person I was associated to in citigroup...i, was on their team and i had 500 people on MY team and they thought it was THEIR team.....i kept telling them to go get more people and do not worry about the people that are below me or I am leaving with the furniture.They didnt think I could do it.But she did.

take note of the word * team. I have been trained to not say company...or boss...I am a leader of a team, not the manager of an organization or boss...so people do not feel like they are working for a tyrant and they can be 1099 with pride. Only when I get mad/furious do I break out saying ...dont forget my name is on the door mfkers
.
And its not a contract..fear-inducing word..its an agreement

If people want to grow..the negativity has to stop

In Art Williams words......No one wants to be around a dull disillusioned dang gum crybaby

[capaxess]

This forum should be renamed Karen37a vs. The World

DF wouldn't be the same without her, you go girl!