Results 1 to 15 of 15
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05-24-2019, 04:21 AM #1
- Join Date
- Jun 2015
- Posts
- 754
WBL just Shut The F Up
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05-24-2019, 06:48 AM #2
I hate WBL
Last edited by DTFdowntofund; 05-24-2019 at 12:37 PM.
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05-24-2019, 10:30 AM #3
- Join Date
- Jun 2015
- Posts
- 754
I love how WBL - the only shop with the balls to tie up property with MCA rates - lectures the industry
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05-24-2019, 11:06 AM #4
- Join Date
- Jun 2017
- Posts
- 2,049
WBL Is Nuts.
Why would they want Regulation?
They Underwrite in INSANE WAYS. Normally a Person who wouldn't Qualify for an MCA, Negative Days, NSF's - Issues up the wazooo. Can get funding because they have property. Hmmmm, now lets think, without the property a lender wouldnt approve them because of the risk of default........ but because they have property, its like **** it - FUND THEM! One would say your almost hoping for a default.... to go after the property.
That WBL Property Flim Flam should be regulated.
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05-24-2019, 11:09 AM #5
- Join Date
- Feb 2017
- Posts
- 3,429
Ryan, didn't you say that you liked Par's property program?
Also, keep in mind, if someone is going to default, nobody wants to lose their property. WBL has found the correct incentive to keep their clients extremely on-target with good payment history. It's a much stronger incentive than a COJ.
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05-24-2019, 11:14 AM #6
- Join Date
- Jun 2015
- Posts
- 3,323
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05-24-2019, 11:40 AM #7
- Join Date
- Jun 2017
- Posts
- 2,049
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05-24-2019, 11:44 AM #8
- Join Date
- Jun 2015
- Posts
- 754
to take higher than MCA rates when you're secured by property is the definition of Loan Sharks - and he's talking as if he works for Chase Manhattan.. WTH
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05-24-2019, 02:11 PM #9
- Join Date
- Nov 2016
- Posts
- 65
The whole idea behind incorporation is to seperate the liabilities of the company from the personal assest of the company's owners--that model blows that up.
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05-24-2019, 02:27 PM #10
- Join Date
- Jan 2014
- Posts
- 1,375
WBL is in the "loan to own" business.
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05-24-2019, 02:45 PM #11
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05-24-2019, 02:46 PM #12
not so brilliant way of expressing their racism though...
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05-24-2019, 02:47 PM #13
- Join Date
- Aug 2016
- Posts
- 830
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05-24-2019, 03:19 PM #14
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05-25-2019, 06:43 PM #15
- Join Date
- Jun 2015
- Posts
- 754
I doubt they can take away property. But in any case they shouldn’t be calling for legislation.
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