Results 1 to 10 of 10
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03-04-2020, 03:54 PM #1
- Join Date
- Jan 2015
- Posts
- 56
rapid cap?
anyone ever heard of rapid cap? they just send basic contracts for 184k over 4.5 months and the merchant is only doing 100k a month.
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03-04-2020, 03:58 PM #2
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03-04-2020, 04:36 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Keep us posted...
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-04-2020, 04:40 PM #4
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
Is it on a credit card split?
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03-04-2020, 04:49 PM #5
Even on a CC split thats crazy for 4.5 Months?!? Say the rate was conservative - a 1.40 (lol - I have to laugh) $257,600 - 4.5 months say 100 days they put it at -$2570 Daily?!?!? even at a split - Youre looking at them taking over 50% of their monthly gross
Run fast. Tell the merchant its fake and tell them not to answer the phones anymore.Funding is Temporary. Wu-Tang is Forever.
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03-04-2020, 04:51 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
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03-04-2020, 04:57 PM #7
- Join Date
- Jun 2015
- Posts
- 754
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03-04-2020, 05:11 PM #8
- Join Date
- Feb 2017
- Posts
- 3,463
Scam / Bait and switch
A merchant just forwarded me this SMS he got:
"Hi (merchant first name) this is Juan at FMS. I received your Lending Tree Request for $88,000. After reviewing what you have submitted, I have some GREAT NEWS! It looks like we can get you approved! Call me back or text me at this number."
This is a merchant with a sub-500 credit score. I looked up the phone number, did some digging, it's obviously a broker. But I admit that it was a very cool way to get the merchant interested! Just read it a bit and think, "Why is FMS reaching out to me about a Lending Tree loan? Who is FMS?"
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03-04-2020, 05:12 PM #9
- Join Date
- Feb 2017
- Posts
- 3,463
It takes a broker to know a broker I guess.
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03-04-2020, 05:28 PM #10
- Join Date
- Nov 2018
- Posts
- 15
this is another one of brezal and solomons entity - i would stay far away
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