Results 76 to 87 of 87
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04-18-2019, 09:40 AM #76
- Join Date
- Jan 2019
- Posts
- 28
ZoneFund!!!! Get the story correct regarding Roc Funding, no one at Roc, is tag teaming anyone. However why don't you give use a call 718-355-8944 come aboard as a partner AND SEE THE treatment you receive!!!!
And for further edification, ROC is not owned by PAR Funding. Thanks.
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04-18-2019, 09:41 AM #77
- Join Date
- Oct 2016
- Posts
- 4,319
This is exactly right. If you submit to Credibly but your merchant decides to take a different funder’s offer, Credibly may very well contact your merchant and try stacking them through outside funders and their damn excuse is “leads are expensive”? No, assholes, the leads were expensive to the ISO.
I would love to hear from SBFA members if they are comfortable with this?
Hey, J Brown, you’re pretty active on here. Is Rapid Advance comfortable with these practices?
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04-18-2019, 10:10 AM #78
- Join Date
- Jun 2015
- Posts
- 3,312
http://sbfassociation.org/best-practices/ i do not see anything about no stacking . I wonder if credibly will stack rapid with someone else.
side note if stacking is ok why not do it yourself
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04-18-2019, 11:11 AM #79
- Join Date
- Jul 2014
- Posts
- 92
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04-18-2019, 11:48 AM #80
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04-18-2019, 11:59 AM #81
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,459
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04-18-2019, 01:08 PM #82
- Join Date
- Oct 2016
- Posts
- 4,319
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04-18-2019, 01:12 PM #83
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,459
Never gave an answer. I have seen them in factored deals and ABL deals with no inter-creditor.
Hedley Lamarr......That's Hedley
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04-18-2019, 01:25 PM #84
- Join Date
- Aug 2018
- Posts
- 696
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04-19-2019, 07:06 AM #85
- Join Date
- Oct 2016
- Posts
- 4,319
This is Credibly admitting that if you submit to them, but find elsewhere, they will contact your merchant in the future and stack them — just not if they have a position with “approved partners”.
Why don’t you let us alll know who Crediblys “approved partners” are so we will know who your inside sales team won’t stack?
And once again, all you SBFA members, are you cool with Credibly’s practices? You guys sure are ****ing quiet.
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04-19-2019, 09:08 AM #86John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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04-19-2019, 10:27 AM #87
- Join Date
- Oct 2016
- Posts
- 4,319
They’re the only one we’ve caught so far. Any 1st position funder that sends their ISOs deals to their inside sales team to stack other 1st position guys should be called out. Especially when the ISO is NOT being compensated and, potentially, their renewal book being hurt by it.
They know it’s not cool, that’s why they’re so evasive when answering. If it were cool, they’d come right out and admit it rather than spin.
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