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06-09-2021, 12:39 PM #1
- Join Date
- Jun 2020
- Posts
- 47
Aj equity-the worst of the worst
Beware of these guys. One of our merchants paid off over 2 months ago and has been asking for a zbl for 2 months now and they are refusing to send. Their tactics are disgusting. Every deal they fund is a scam flex deal. If you are an iso beware of these guys. Their offers look amazing on paper but if you really take a look at it all they do is give merchants 20 day deals. To not send a zbl to a merchant for 2 months after merchant paid off is outrageous.
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06-09-2021, 12:43 PM #2
BREAKING NEWS: Lender operating out of basement resorts to unethical business practices.
Coming up later, a new groundbreaking government study detailing that every hour in Africa, 60 minutes goes by
More at 6PM on DailyFunder NewsIf you know you know
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06-09-2021, 12:59 PM #3
- Join Date
- Sep 2019
- Posts
- 120
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06-09-2021, 02:12 PM #4
- Join Date
- Apr 2020
- Posts
- 127
Lmao
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06-09-2021, 02:12 PM #5
- Join Date
- Apr 2020
- Posts
- 127
When you see the 20 day term in your email, and then look at it on paper, the 20 day term looks different? And worse? My brain hurts. 20 day flex deal sounds better than 20 day deal though LOL
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06-09-2021, 03:32 PM #6
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- Jun 2020
- Posts
- 47
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06-09-2021, 03:34 PM #7
- Join Date
- Nov 2018
- Location
- Miami
- Posts
- 116
they still exist lol
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06-09-2021, 04:44 PM #8
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06-10-2021, 07:54 AM #9
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- Sep 2019
- Posts
- 120
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06-10-2021, 01:06 PM #10
- Join Date
- Feb 2019
- Posts
- 96
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06-11-2021, 10:27 AM #11
- Join Date
- Oct 2020
- Location
- Ontario,Canada
- Posts
- 138
Americans and their guns good communicating real pro communications in this should be a respected financial portal and i dont see the humor in your stupidy - please share
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06-11-2021, 10:38 AM #12
- Join Date
- Nov 2018
- Posts
- 30
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06-10-2021, 01:13 PM #13
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06-10-2021, 05:04 PM #14
- Join Date
- Jan 2020
- Posts
- 6
Wait, is this forum for those who handle their merchants with kitten gloves? Or defend the merchant for taking a "FLEX DEAL"? Its a great product for sales reps who wanna make money. If merchant behaves he gets all the clips, if not he doesnt. Anyone gonna start complaining about REVERSES now?
SMFH
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06-10-2021, 05:14 PM #15
- Join Date
- Jun 2015
- Posts
- 754
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06-11-2021, 02:10 PM #16
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06-10-2021, 06:57 PM #17
- Join Date
- Nov 2018
- Posts
- 30
Yes. Any iso that puts their merchant on a reverse is a scumbag.
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06-11-2021, 02:21 PM #18
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06-11-2021, 02:40 PM #19
- Join Date
- Nov 2018
- Posts
- 30
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06-11-2021, 03:18 PM #20
- Join Date
- Jun 2020
- Posts
- 47
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06-14-2021, 11:33 AM #21
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
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06-14-2021, 03:50 PM #22
- Join Date
- May 2021
- Posts
- 1
Missed a payment or two or completely defaulted?
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06-15-2021, 11:31 AM #23
- Join Date
- Jan 2018
- Posts
- 518
AJ Equity sucks big booty burger.
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06-16-2021, 09:23 AM #24
- Join Date
- Jun 2017
- Posts
- 2,049
Flex Deals in certain Scenarios make sense. But not if it is just 4 Increments at 20 Day Terms. If that was the case Merchants would be better off just taking 1 deal at 20 Days and then renewing after 10 Payments.
WG/MCA Rehab does Flex deals that are actually Flex Deals (First Funding Term at 20 Days, then 40, then 80, then 120 then a 240 Day Term) The Factor gets lower with each Tier too. And they get new round 80% Paid in.
This Offer (Isn't from WG/MCA Rehab) but is how a Flex Deal should be (Merchant has 5 Positions, other offers on table are 60-80 Day 1.49's)
Purchase Amount: $150,000.00
Increment Amount $50,000.00
# of increments 3
Frequency (Days) 20
Rate: 1.25
Term: 126
Payment (Daily) $1,488.10
Commission 10.00
Payback Amount: $187,500.00
Week # Increments
1 $50,000.00
5 $50,000.00
9 $50,000.00
This offer isn't Funding 3 20 Day Deals. Based on the payment, he pays back 50k in 42 Days. Yet gets the next 50k in 20 Days. And the final 50k at 40 Days (Prior to the first 50k being Paid in Full)
This is an ACTUAL Flex Deal. If it was my business I would much rather take this 1.25 Flex/Incremental deal, over a 80 Day 1.49
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06-16-2021, 09:42 AM #25
- Join Date
- Jun 2015
- Posts
- 754
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