[iawia_advanced]

8 month 1.42 paying 15% to the broker, 3% processing fee (anything north went to the ISO), merchant went MIA for 3 months before we filed suit. Something wrong?

Ok so now you've decided 8 month 1.42's are ok?
What about 7 months? 1.43?
What if I want to pay the ISO 20%, can I do a 1.47?

[SmartAdvanced]

Ok so now you've decided 8 month 1.42's are ok?
What about 7 months? 1.43?
What if I want to pay the ISO 20%, can I do a 1.47?

Who decides what’s predatory and what’s ok?
A 7 month 1.43 is probably 400% apr, that’s like 380% more than the max predatory interest rates.

So instead of being 560% apr, you’re “lowering” your predatory rates to “only” 400% apr.

Wow, what a saint!

[GoodCustomerService]

Who decides what’s predatory and what’s ok?
A 7 month 1.43 is probably 400% apr, that’s like 380% more than the max predatory interest rates.

So instead of being 560% apr, you’re “lowering” your predatory rates to “only” 400% apr.

Wow, what a saint!

You are all missing the point of what this is about. I'm not calling MCA predatory. Again, MCA is NOT PREDATORY! The point of all this is to inform as many people as possible that MCA, along with multiple other businesses in the financial market, have massive amounts of predators. I never said a 1.42 over 8 months was predatory. I never said the WHOLE MCA MARKET is bad. Never once did I call anyone out by name, or any company (since I started this, cause I'm pretty sure I've spoken poorly about WBL in the past), and say "You Are a Predator". Everyone is putting words in my mouth. Which should literally be impossible at this point, because it's on YouTube. There is a correct way to do MCA. There is a correct way to do factoring. There is a correct way to do Student Loans. Car Loans. Mortgages. Hard Money. It's about being transparent, and informing your clients and customers on how you do business. What they need to know about their rights as a merchant/borrower, and how they can eventually make themselves a better merchant/borrower so they can get cheaper financing in the future. Look through this thread and there are people that have known my way of business and know that's how I did things. With all merchants and ISO's. I always paid commissions, syndication money (and still am), and keep in consistent contact with them all, almost daily.

Now, in my efforts to try and help guys like myself, and others, who try and run a clean MCA/AR Factoring/Equipment Financing/Lender/ISO Shop in todays market, and the merchants that rely on us for our financial and services support, for the life of me I can't figure out why some of you people are legit bashing me hard. I need someone without a personal vendetta against me, and clearly understands what I'm doing, to please explain to me why this is happening.

[Michael I]

Now, in my efforts to try and help guys like myself, and others, who try and run a clean MCA/AR Factoring/Equipment Financing/Lender/ISO Shop in todays market, and the merchants that rely on us for our financial and services support, for the life of me I can't figure out why some of you people are legit bashing me hard. I need someone without a personal vendetta against me, and clearly understands what I'm doing, to please explain to me why this is happening.

"clearly understands what im doing" is exactly why people are bashing you . No one is clear. The more you write on here ,the better the picture i am getting. but not everyone is as smart as me lol .

[GoodCustomerService]

"clearly understands what im doing" is exactly why people are bashing you . No one is clear. The more you write on here ,the better the picture i am getting. but not everyone is as smart as me lol .

I'm trying. Really, not trying to confuse anyone.

[BROKER TIME]

you are all missing the point of what this is about. I'm not calling mca predatory. Again, mca is not predatory! The point of all this is to inform as many people as possible that mca, along with multiple other businesses in the financial market, have massive amounts of predators. I never said a 1.42 over 8 months was predatory. I never said the whole mca market is bad. Never once did i call anyone out by name, or any company (since i started this, cause i'm pretty sure i've spoken poorly about wbl in the past), and say "you are a predator". Everyone is putting words in my mouth. Which should literally be impossible at this point, because it's on youtube. There is a correct way to do mca. There is a correct way to do factoring. There is a correct way to do student loans. Car loans. Mortgages. Hard money. It's about being transparent, and informing your clients and customers on how you do business. What they need to know about their rights as a merchant/borrower, and how they can eventually make themselves a better merchant/borrower so they can get cheaper financing in the future. Look through this thread and there are people that have known my way of business and know that's how i did things. With all merchants and iso's. I always paid commissions, syndication money (and still am), and keep in consistent contact with them all, almost daily.

Now, in my efforts to try and help guys like myself, and others, who try and run a clean mca/ar factoring/equipment financing/lender/iso shop in todays market, and the merchants that rely on us for our financial and services support, for the life of me i can't figure out why some of you people are legit bashing me hard. I need someone without a personal vendetta against me, and clearly understands what i'm doing, to please explain to me why this is happening.

if mca is not predatory
why have it in your show when you mention predatory lending

do us all a favor go play in traffic