Principis
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  1. #1
    Senior Member Reputation points: 41959
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    Aug 2018
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    812

    Principis

    Experiences?

    Subbed deal and their salessupport called my client directly... they said they do it to help the iso.. i replied with never again.

    I've noticed my leads get calls from isos when they're in my rotation sometimes.

    Experiences please?

  2. #2
    Senior Member Reputation points: 14001
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    Jul 2018
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    193

    Principis will call your merchant for a follow up, its not Something deny.

  3. #3
    Senior Member Reputation points: 41959
    Join Date
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    Quote Originally Posted by blashley View Post
    Principis will call your merchant for a follow up, its not Something deny.
    I asked them to take me off that list. If they reach the merchant, they still pay you as the iso, correct?

  4. #4
    Senior Member Reputation points: 45092
    Join Date
    Aug 2016
    Posts
    275

    Quote Originally Posted by Zonefund View Post
    I asked them to take me off that list. If they reach the merchant, they still pay you as the iso, correct?
    Only if you find out. Why are you even submitting to them?? Nothing but bad experiences

  5. #5
    Banned Reputation points: 59
    Join Date
    May 2019
    Posts
    29

    They have pretty cheap COF and go out pretty far on term. Worth it if you aren't having bad experiences.
    Quote Originally Posted by moneygreen View Post
    Only if you find out. Why are you even submitting to them?? Nothing but bad experiences

  6. #6
    Senior Member Reputation points: 41959
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    Quote Originally Posted by InhouseFunder View Post
    They have pretty cheap COF and go out pretty far on term. Worth it if you aren't having bad experiences.
    They beat bfs on most my deals. I stopped using bfs due to getting backdoored hence why i am now using principis. Their 18m 1.34 approvals pay 12 pts which is amazing, but having them call my merchant blew my mind. What experience did you have moneygreen? Do they not pay renewals?

  7. #7
    That 18 month 1.34% was awesome but I stopped using them because they would call my clients. I even asked them to not do that and the next app I sent had my phone number on it and I ended up getting a call from them and ever since then I stopped sending them deals.

  8. #8
    Banned Reputation points: 59
    Join Date
    May 2019
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    29

    Just never send the merchants number... How are they in business if they're pulling this?

  9. #9
    Senior Member Reputation points: 32977
    Join Date
    Dec 2017
    Posts
    238

    We had contracts and COJ back for a 100k deal paying 10 points. Shortly after the funding call, our rep at principis calls and says the merchant chose to work directly with them instead. Yes you read that right, I'm not making this up.

    Needless to say they funded the deal and refused to pay us.

    Stay far away from that ****hole.

  10. #10
    Senior Member Reputation points: 307559
    Join Date
    Jun 2015
    Posts
    3,323

    Quote Originally Posted by mrmrg View Post
    We had contracts and COJ back for a 100k deal paying 10 points. Shortly after the funding call, our rep at principis calls and says the merchant chose to work directly with them instead. Yes you read that right, I'm not making this up.

    Needless to say they funded the deal and refused to pay us.

    Stay far away from that ****hole.
    I had everything in (signed docs and all) and than supposedly there was another stip that i was missing.Someone got them that stip so then it was no longer my deal. Their policy is signed docs with all stips.I am 90% certain it was them direct.

  11. #11
    Banned Reputation points: 59
    Join Date
    Apr 2017
    Posts
    5

    I funded with them on Thursday and currently have commission pending. A little background, got approved on Friday for express funding option. Told merchant to contact Accord for balance letter, he finally got it Wed. While Im waiting for him to send it in they reach out directly Thurs morning got signed docs, dl, vc, and balance letter, wire sent at 11:15am, and sent me funded email. Like I said commission is processing through our account today. Not bad in my book, first time EVER I didnt get DL and VC for a file.

  12. #12
    Senior Member Reputation points: 32977
    Join Date
    Dec 2017
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    238

    Quote Originally Posted by mcspecialist View Post
    I funded with them on Thursday and currently have commission pending. A little background, got approved on Friday for express funding option. Told merchant to contact Accord for balance letter, he finally got it Wed. While Im waiting for him to send it in they reach out directly Thurs morning got signed docs, dl, vc, and balance letter, wire sent at 11:15am, and sent me funded email. Like I said commission is processing through our account today. Not bad in my book, first time EVER I didnt get DL and VC for a file.
    Keep us posted

  13. #13
    Senior Member Reputation points: 32977
    Join Date
    Dec 2017
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    238

    Did you get paid?

  14. #14
    Quote Originally Posted by mcspecialist View Post
    I funded with them on Thursday and currently have commission pending. A little background, got approved on Friday for express funding option. Told merchant to contact Accord for balance letter, he finally got it Wed. While Im waiting for him to send it in they reach out directly Thurs morning got signed docs, dl, vc, and balance letter, wire sent at 11:15am, and sent me funded email. Like I said commission is processing through our account today. Not bad in my book, first time EVER I didnt get DL and VC for a file.
    Heard some horror stories myself. Can you confirm that you got paid?

  15. #15
    Senior Member Reputation points: 33996
    Join Date
    Jan 2015
    Location
    Laguna Beach
    Posts
    463

    I have funded with them and and was always paid.

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