Results 1 to 16 of 16
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03-12-2019, 06:49 PM #1
- Join Date
- May 2018
- Posts
- 158
15k default
Hi merchant blocked payments out of the gate !
Any suggestions? Is it even worth pursuing?
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03-12-2019, 08:14 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
Call them. Find out why.
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03-12-2019, 08:58 PM #3
That could constitute a criminal offense ( Intent to defraud)
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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03-13-2019, 12:32 AM #4
- Join Date
- May 2018
- Posts
- 158
The reg bull**** story my bank blocked the account we has some fraud now He’s telling me that he’s going overseas for two weeks so he doesn’t have time to open a new account and when he gets back he’ll do it
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03-13-2019, 08:04 AM #5
15k default
Merchants like that do need to get jail time. That is flat out fraud. Not fair to the funders who lend to merchants that banks are afraid of.
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03-13-2019, 09:18 AM #6
- Join Date
- Jun 2015
- Posts
- 3,325
full collections do not buy that story for one second
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03-13-2019, 09:18 AM #7
- Join Date
- Jun 2015
- Posts
- 3,325
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03-13-2019, 09:33 AM #8
- Join Date
- Mar 2016
- Posts
- 908
Hate these scenarios - Its a shame, especially when the funder gives the merchant the benefit of the doubt and this happens off the gate. You just need to keep funding and make up for the loss. Don't lose your drive over a pos merchant.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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03-13-2019, 10:12 AM #9
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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03-13-2019, 10:13 AM #10
- Join Date
- Oct 2016
- Posts
- 4,318
It won’t be the last time it happens. Not much you can do, either.
I generally just make sure to pray hard -- pray very hard — for them to die a slow painful death from testicular and anal cancer. But I understand that approach isn’t for everyone.
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03-13-2019, 11:41 AM #11
- Join Date
- Mar 2016
- Posts
- 657
Always the worst when that happens. His story is BS, He's a POS and is not intending on paying you back. COJ his account (if you have one), otherwise, outsource to a collection company, but your time is best spent keep funding more deals to make up for it
#justkeepfunding
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03-13-2019, 11:56 AM #12
- Join Date
- Oct 2016
- Posts
- 4,318
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03-13-2019, 12:18 PM #13
what is the name of company? Crooks like that go and try to get more money from someone else
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03-13-2019, 12:23 PM #14
California merchant?
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03-13-2019, 01:41 PM #15
- Join Date
- Mar 2018
- Posts
- 110
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03-18-2019, 10:12 PM #16
- Join Date
- May 2018
- Posts
- 158
Graphic industry solutions Thanks guys
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