[abfunders]

https://www.youtube.com/watch?v=A3xc1UotJng


I'm genuinely curious about this question: A lot of people in MCA are religious and to me religion has the utmost respect towards life and humanity. Does anyone who funds merchants ever feel bad when they freeze their bank account, file a judgement against them, harass the merchants, embarrass them by calling their clients/AR, and do other aggressive collection methods? I understand the theory that "merchants are assholes anyway" but how can one of gods creations be so deserving of such punishment if god forgives all humans sins on earth? Does anyone ever feel like they are taking advantage of someone who's in a tough situation in their life?

Let me just and answer the religion question.

pcfunder, you're making an assumption about religion in general versus liberal Western values. Some religions look at non-religious-cohorts as infidels deserving of punishment. Look no further than Christianity in the middle ages and the Jewish pogroms, or the Taliban. Religion does not mean what Western modern Christianity defines it as "G-d forgives everything!" In my opinion, he'd be a pretty bad parent and bad boss if there were no consequences and everything is "live and let live."

So if you don't like that, it doesn't mean that G-d is bad, it means that you just don't like Him. Or you don't believe in a religion like that, I'm not well-versed in other religions, but if you examine the philosophy of Maimonides, you'd find pretty hard logical proofs that G-d judges, and it's a good thing. But it doesn't prove that every version of god doesn't judge. Don't know much about the non-monotheists, perhaps some of the gods in those religions don't judge, they just run around naked shooting love arrows.

Collections of cash advances are the same as credit card collections. There are laws, there are more aggressive and less aggressive ways to do it. COJs were perhaps too aggressive. I think that the jury's still out on that one, but NY legislature has spoken.

If someone is in violation of their agreements by stacking or by non-payment, who's the one in the wrong? I'm not talking about aggressive collection, I'm talking about who's the one who's wrong? Agreed, that COJs in hand became weaponized, and that's one discussion. But why throw all MCA purchasers under the bus because of the COJ?

"Goes against the client's best interest." I'm sorry, but we do NOT work for the client. We have investors and we have obligations, and perhaps the COJ was a bad idea, but who's life is ruined? Maybe the investor's life is ruined because a funder decided never to do collections every again? Maybe the broker's life is ruined because he was trusting his syndication money with you?

Also, someone who's using foul language like that in public with a Jewish head covering is a huge desecration of the Jewish G-d. Nachmonidies, beginning of Kedoshim.

Quoting here, not commenting, leave judgement for youself:
David said, we will first fund you and then give you information how "Never take this predatory product ever again."

[pcfunder]

Let me just and answer the religion question.

pcfunder, you're making an assumption about religion in general versus liberal Western values. Some religions look at non-religious-cohorts as infidels deserving of punishment. Look no further than Christianity in the middle ages and the Jewish pogroms, or the Taliban. Religion does not mean what Western modern Christianity defines it as "G-d forgives everything!" In my opinion, he'd be a pretty bad parent and bad boss if there were no consequences and everything is "live and let live."

So if you don't like that, it doesn't mean that G-d is bad, it means that you just don't like Him. Or you don't believe in a religion like that, I'm not well-versed in other religions, but if you examine the philosophy of Maimonides, you'd find pretty hard logical proofs that G-d judges, and it's a good thing. But it doesn't prove that every version of god doesn't judge. Don't know much about the non-monotheists, perhaps some of the gods in those religions don't judge, they just run around naked shooting love arrows.

Collections of cash advances are the same as credit card collections. There are laws, there are more aggressive and less aggressive ways to do it. COJs were perhaps too aggressive. I think that the jury's still out on that one, but NY legislature has spoken.

If someone is in violation of their agreements by stacking or by non-payment, who's the one in the wrong? I'm not talking about aggressive collection, I'm talking about who's the one who's wrong? Agreed, that COJs in hand became weaponized, and that's one discussion. But why throw all MCA purchasers under the bus because of the COJ?

"Goes against the client's best interest." I'm sorry, but we do NOT work for the client. We have investors and we have obligations, and perhaps the COJ was a bad idea, but who's life is ruined? Maybe the investor's life is ruined because a funder decided never to do collections every again? Maybe the broker's life is ruined because he was trusting his syndication money with you?

Also, someone who's using foul language like that in public with a Jewish head covering is a huge desecration of the Jewish G-d. Nachmonidies, beginning of Kedoshim.

Quoting here, not commenting, leave judgement for youself:
David said, we will first fund you and then give you information how "Never take this predatory product ever again."

Ok interesting point. Again, I am not trying to offend or act like what I'm saying is correct and everyone else is wrong. I am just trying to understand because my gut tells me that something is wrong with all of this even though I've made a pretty good living doing this and I related to a lot of what David said.

It also feels weird that on a normal day my job involves me working with the mafia, ex criminals who have committed felonies, and brokers with 0 sales training or 0 sales experience. I'm not sure what that says but feels like its odd to ignore that one as well...

[abfunders]

Ok interesting point. Again, I am not trying to offend or act like what I'm saying is correct and everyone else is wrong. I am just trying to understand because my gut tells me that something is wrong with all of this even though I've made a pretty good living doing this and I related to a lot of what David said.

It also feels weird that on a normal day my job involves me working with the mafia, ex criminals who have committed felonies, and brokers with 0 sales training or 0 sales experience. I'm not sure what that says but feels like its odd to ignore that one as well...

1) Not offended.
2) I make a living off dealing with brokers who don't know much else other than MCAs, so it's hard to complain
3) Yes, I can relate to David's points as well, it's just the way it's being presented is a bit ... aggressive, unbecoming and crass. I've dealt with plenty of the bad actors as well.