Results 26 to 40 of 40
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06-26-2019, 03:18 PM #26
- Join Date
- Jun 2015
- Posts
- 3,321
i usually sell them on that is beyond amazing approval i will llke to read thru it with you to make sure you are not running into a trap of any upfront fees or the such and you will buy me a beer next time i am in ....
or the underwriter may match or beat if we send them the doc . 95% of the times i get it. It is ridiculous how many times it winds up being some c paper that no way in hell is doing that deal . or some other scam like its 200k but we give u 25k a month when u wind up paying it back in 2 weeks because of the daily
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06-26-2019, 03:31 PM #27
- Join Date
- Aug 2016
- Posts
- 827
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06-26-2019, 03:52 PM #28
- Join Date
- Jun 2017
- Posts
- 2,049
its not principis
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06-26-2019, 03:55 PM #29
- Join Date
- May 2018
- Posts
- 79
its snap no question
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06-26-2019, 04:24 PM #30
- Join Date
- Jun 2017
- Posts
- 2,049
NOT Snap Advance
Im starting to think was a scam to get the merchants processing
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06-26-2019, 04:25 PM #31
- Join Date
- Jun 2017
- Posts
- 2,049
or its MULIGAN
Mulligan did a 1.21 22 Month CC SPlit.
I see it on the bigger deals, but 200K? DOESNT EQUATE
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06-27-2019, 06:37 AM #32
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,945
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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06-27-2019, 11:17 AM #33
- Join Date
- Jun 2017
- Posts
- 2,049
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06-27-2019, 11:29 AM #34
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
i have had a broker using a funderlink contract present a 1.25 sell to a client to get his bank stmnts, to only change it to a 1.39 and sent via docusign with a 12% psf built in. Merchant returned the money but lost the psf. I also seen Richmond contracts drafted to get borrower to submitt here stmnts. very shady.
will the merchant not share the contract with you? Did you have control over the borrower?
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06-27-2019, 11:37 AM #35
- Join Date
- Jun 2017
- Posts
- 2,049
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06-27-2019, 11:44 AM #36
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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06-27-2019, 02:39 PM #37
- Join Date
- Jun 2017
- Posts
- 2,049
SNAP Called for a Payoff Letter
So, apparently, It is SNAP. The deal may very well be real, at 18 Months.
The Merchant is a Merchant, I cant even get close to 200k at a 1.23 for 18 Months. I CAN'T GET CLOSE.
It has to be an IN HOUSE DEAL, and not a Broker Deal.
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06-27-2019, 02:42 PM #38
- Join Date
- Jun 2017
- Posts
- 2,049
The Client isnt Playing me.
He knows I am a ****ing Problem. He knows I would probably try and Kill the deal, Or if I had a Confirmed Offer, You can get Lenders to get Competitive. He just wants his sweet 18 Month 1.23 to go through.
He sent me Page 1 of Contract and REMOVED any mention of the Lender. Even though SNAP called the current Position to verify Payoff, that is how I know.
What is Funny is SNAP Declined it for CREDIT GUIDELINES Previously.
So, Not to sure what funny business is afoot.
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07-01-2019, 12:51 AM #39
- Join Date
- Aug 2018
- Posts
- 754
Snap backdoors. I do not send them any business. Only as my last cc split option. Please make a commotion of this and post the page of the contract the merchant sent you and their decline.
I had a deal declined by snap, 1-2 freaking weeks later they funded the merchant a 6 month 1.099. Yes 1.099. Blew my fkin mind...
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07-01-2019, 09:39 AM #40
- Join Date
- Dec 2017
- Posts
- 238
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