Results 26 to 43 of 43
-
12-14-2018, 01:29 PM #26
- Join Date
- Oct 2016
- Posts
- 4,318
-
12-14-2018, 01:31 PM #27
- Join Date
- Oct 2016
- Posts
- 4,318
-
12-14-2018, 01:42 PM #28
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
12-14-2018, 01:43 PM #29
- Join Date
- Feb 2018
- Posts
- 1,349
several contracts have them. many are being breached daily. but, companies like kabbage and others layer all the time behind these contracts and companies. stacking is not illegal. What I think the whole fuss is about is the collection methods being used through COJs and calling out the main players that the records show have the most cojs out ther e filed in NYC
-
12-14-2018, 01:49 PM #30
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
12-14-2018, 01:53 PM #31
- Join Date
- Oct 2016
- Posts
- 4,318
-
12-14-2018, 01:54 PM #32
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
12-14-2018, 01:59 PM #33
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
-
12-14-2018, 02:04 PM #34
- Join Date
- Oct 2016
- Posts
- 4,318
-
12-14-2018, 02:34 PM #35
- Join Date
- Feb 2018
- Posts
- 1,349
if you calculate out an example of a $50K loan with ODC with a $59,500 payback with it';s origination fee of 2.5% and 252 payments (12 months) the APR would be 42.60%. The broker channel will have higher APRs due to upsells.
-
12-14-2018, 02:36 PM #36
- Join Date
- Feb 2018
- Posts
- 1,349
-
12-14-2018, 02:49 PM #37
- Join Date
- Dec 2017
- Posts
- 397
The 1st position funders like Rapid and Ondeck have been spending millions on lawyers and legal fees to fight the stackers in court for years!.. obviously they have been losing that battle... so take it to ground and fight a dirty war in the press... buying a journalist has to be cheaper than years of litigation
-
12-14-2018, 03:27 PM #38
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
-
12-14-2018, 03:33 PM #39
- Join Date
- Dec 2017
- Posts
- 397
how about when they payoff their own balance at 50% in and charge the same 1.45, how's the math on that work out... im not too smart
-
12-14-2018, 06:34 PM #40
- Join Date
- Feb 2018
- Posts
- 1,349
oh you mean double dipping? that has built empires in this industry. renewals are the franchise of this business. a takeaway on second position, it took alot of that practice away and revenue away from companies who double dip.
-
12-15-2018, 01:43 PM #41
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
Yellowstone madly ghost-writing their own expose about OnDeck defrauding investors and the secondary market, etc etc...
-
12-16-2018, 12:22 PM #42
- Join Date
- Jan 2018
- Posts
- 353
Great move by ondeck but you guys got caught!
-
12-17-2018, 09:33 PM #43
- Join Date
- Apr 2018
- Posts
- 9
Love a good conspiracy theory does not seem far off. But there is plenty of no coj 2nd position company’s like Lendini, Forawrd and Knight that don’t need a coj on every deal .Brokers know those deals are the easiest to stack and they operate clean practices with brokers and clients.COJ only funders will have to live without cojs eventually 2nd position funders that used to use a COJ on every deal will go out of bussiness or adjust and lower there funding amounts and underwriter better.
Last edited by arealfundguy; 12-17-2018 at 09:35 PM. Reason: Typos
Similar Threads
-
Bloomberg Article
By SmartAdvanced in forum Merchant Cash AdvanceReplies: 0Last Post: 11-24-2018, 06:30 PM -
Who Has a Good Connection for Movie Production Loan?
By Fundyman in forum Deal BinReplies: 2Last Post: 01-22-2018, 10:24 PM -
Sole Prop DENTAL OFFICE 55k monthly
By brokerCompany in forum Deal BinReplies: 8Last Post: 11-02-2017, 05:19 PM -
Strange Numbers
By Collection Specialist in forum Everything elseReplies: 6Last Post: 06-28-2016, 07:50 PM -
Very Strange Phonecall From "Another Broker" - Blocked Number
By SCP in forum Merchant Cash AdvanceReplies: 31Last Post: 05-03-2016, 05:06 PM