Results 1 to 15 of 15
-
02-19-2020, 07:41 PM #1
Beware consolidation scams out there!!!!!
The story I'm listening to right now??????? omg.....
-
02-19-2020, 09:56 PM #2
- Join Date
- Sep 2019
- Posts
- 402
-
02-19-2020, 10:42 PM #3
- Join Date
- Aug 2019
- Location
- Recently un-retired, "shocked" that nothing has changed.
- Posts
- 116
Merchants are grown adults who read the contracts.
-
02-19-2020, 11:10 PM #4
Nah.... Not these guys. Those are legit reverse consolidations. What happened was this merchant was telling me how a debt RELIEF company pretended to have negotiated monthly payments for him. Took upfront chunk, took monthly payments, TOOK FINAL PAYMENT!!! Then, when the merchant went to the funder asking for zero balance letter, found out they were in default the whole time for non-payment....
-___________________________-
Wild AF!!!!
-
02-19-2020, 11:37 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
-
02-20-2020, 09:49 AM #6
- Join Date
- Jun 2015
- Posts
- 3,326
-
02-20-2020, 07:37 PM #7
-
02-20-2020, 07:38 PM #8
I never heard of such a scam; EVER. I heard of the common guys who get merchants to take a bunch of cash advances, tell them once they're 30 days in, they'll qualify for a $2 million line of credit, and then after the MCAs fund, they go on vacation! I never heard of debt relief scams.
-
02-20-2020, 09:31 PM #9
- Join Date
- Sep 2019
- Posts
- 402
-
02-20-2020, 09:32 PM #10
- Join Date
- Sep 2019
- Posts
- 402
-
02-21-2020, 10:42 AM #11
- Join Date
- Feb 2020
- Posts
- 4
-
02-21-2020, 12:25 PM #12
Consolidation scams have been commonplace since 2016. It's really dirty business, bad for everyone.
-
02-21-2020, 12:48 PM #13
- Join Date
- Aug 2017
- Posts
- 250
Sounds like this guy... https://debanked.com/2019/03/debt-se...minal-charges/
-
02-21-2020, 01:12 PM #14
- Join Date
- Dec 2013
- Posts
- 4,713
My Gutt tells me that these scammers don't have much-longevity these hurting business owners.
https://debanked.com/2019/06/long-is...ested-in-bust/Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
02-21-2020, 01:29 PM #15
- Join Date
- Oct 2016
- Posts
- 4,318
Similar Threads
-
do you see more of scams happening with these debt relief companies popping up?
By Sachip24 in forum Merchant Cash AdvanceReplies: 5Last Post: 04-19-2017, 11:04 AM -
CAN Capital - Beware
By Eric S in forum Merchant Cash AdvanceReplies: 5Last Post: 03-14-2014, 11:54 AM