[happyman]

how ram works.

Ram has reached out to me in the past and asked me if i had any deals that are currently defaulting on advances that the merchant has. What they the do is, call up the merchant and say "hey, you owe A,B and, C a total of 75k. Stop paying your dailys and pay me instead on a much lower dollar amount.

So for example:

Merchant has-

PAR- 350 daily; balance 25k
CFG- 450 daily Balance 25k
Cresthill- (shoutout Marcus) 475 daily; balance 25k

They will call up the merchant and say stop paying those funders and pay me instead at a lower daily. So instead of paying 1,275 dailys theyll say pay me 500 bi weekly.

The craziest part is, they will call up any broker or funder and if they have a deal that wont fund or not even currently working on, they can send to RAM and they will work it for them.

The pitch is so easy "Are you tired of paying your daily cash advances? Well dont! Pay me instead at much lower rates!"


Compensation isnt so terrible. You get 2% of whatever the existing balances but you have to wait till merchant makes 2 weeks works of payments

[Chambo]

then they call up the fund and tell them the merchant cannot pay and will settle for .03-.05 on the dollar. They keep 30-35% of the difference saved.

So yeah, the merchant, in reality saves 25-30% on balances, utterly destroys their credit, and then get s blacklisted in the industry. If it ever gets back to funds that you were behind it? You'll get blacklisted too

[harvey]

sick man!! tell us more!

[SFC]

then they call up the fund and tell them the merchant cannot pay and will settle for .03-.05 on the dollar. They keep 30-35% of the difference saved.

So yeah, the merchant, in reality saves 25-30% on balances, utterly destroys their credit, and then get s blacklisted in the industry. If it ever gets back to funds that you were behind it? You'll get blacklisted too

So how is this not tortious interference? And how has no one sued?

[Chambo]

So how is this not tortious interference? And how has no one sued?

trust me, there have been lawsuits flying around with debt settlement companies