[channin19]

https://www.google.com/amp/s/www.blo...siness-lending

[WestCoastFunding]

Link isn't working.

[fundingsmbs]

of course they will. with these articles and countless merchants being contacted by litigators now it's going to happen

[BROKER TIME]

once the AG is involved its a big issue

[MCNetwork]

Now things are getting serious...

[WestCoastFunding]

Man, I bet YSC is prob scared to file COJs right now. Defaults are going to skyrocket.

[BROKER TIME]

Now things are getting serious...

its bad for brokers and funders in NY

[J.Celifarco]

If there is any truth to this article **** just got real for a lot of these companies

[fundingsmbs]

historically, defamation articles against the mca have gone on for years, but, this one seems to really have a focus on destroying the practice of cojs

[fundingsmbs]

"Yellowstone and its affiliates are the industry’s biggest users of confessions of judgment, responsible for about 25 percent of the total, the data show." 1/4 of all cojs come from YSC?

[shieldfunding]

once the AG is involved its a big issue

apparently zeke the geek did have some effect

[capaxess]

Link isn't working.

Try this one: https://www.zerohedge.com/news/2018-...siness-lenders

These are re-hashing the same story for effect. Media Pile on, even alt-media is getting in on it.

[capaxess]

Now things are getting serious...

Didn't YS just fire a really big producer in August? Just wondering about the timing on this since there seems to be particular focus on them.

[Hedley Lamarr]

****-just-got-serious.jpg

[WestCoastFunding]

Didn't YS just fire a really big producer in August? Just wondering about the timing on this since there seems to be particular focus on them.

got rid of the guy that was the focus of the first article.

[kingcash555]

its bad for brokers and funders in NY

sprinkles

[GoodCustomerService]

I'm sorry but there isn't anything to worry about here. Just run your shop properly, and do legitimate business. Don't cut corners and don't be a pig!

[capaxess]

I'm sorry but there isn't anything to worry about here. Just run your shop properly, and do legitimate business. Don't cut corners and don't be a pig!

I agree! The banking industry has more black eyes than Rocky lll and they're doing fine. I mean, WTF? Wells, DB, Goldman, Citi all have recent Federal JUDGEMENTS against them for crimes like Money Laundering for drug dealers. I know we have our share of bad players but pul-ease!

[Chambo]

Link isn't working.

yeah it is, just scroll down

[channin19]

And the last article quotes a Yellowstone alum to show how unscrupulous the kingpin is.

[Jess]

I imagine a lot of funders are jumping for joy that part 4 was not about syndication.

[SmartAdvanced]

I wanna see an article about “syndication” being illegal due to usurious rates. In other words the syndicate is lending money to the funder at above usury rates since the syndicate often gains more than 25% annually..

[Don Dolla]

I’d like to see the next sales person that sends out a fake contract just to bait and switch the merchant get sued and thrown in jail

At the end of the day this is not going to be about Yellowstone. None of the people that work there are employees! This is about individuals. And it’s time these hacks and deceivers who lie and cheat and steal are put on notice that when u forge documents, issue fake contracts or pull a fee without consent, you deserve to be sued and thrown in jail

Yellowstone has been and will be able to protect their company and move forward. Many brokers and sales reps tho, times up , the next document you forge or fake could be your last

[KINGCASH]

Just guide your merchants properly, that's it. The only thing that's going down are the bad apples.. Good riddance. Us hardworking ones actually care about our merchants and can win by earning their respect and residuals because of. The ones that will feel it (just like any other industry), are the ones that have reason to blame. When the snow melts...

If you're on this forum saying it's going down, it's one of two reasons-
A. You're a rookie. Not just in this industry, but in any.
B. You're one of those apples

We provide a need for legitimate businesses who can not get a loan for their acquisition, or a bridge for their 30-60 day receivables to come in, or their material for a sudden project that will turn around profits worth paying for.

We offer a product that nobody else would risk, nor offer as fast; And when needed we're there.

Find the product that's right and that's needed for your clients, and you'll have your're recurring success stories.

P.s. you'll make a better living

[Jstarr]

https://www.bloomberg.com/news/articles/2018-12-03/new-york-state-is-said-to-probe-abuses-in-small-business-lending