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  1. #5
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Michael I View Post
    before you waste any money, read your iso agreement fully.One funder told me only 1 in 10 iso even ask to get the counter signed. I know some agreements have clauses that you need to submit/fund a new deal every x amount of days so if you didnt at any point from when you both signed ,you are not even an iso of theirs. Next if the iso agreement is solid , you need to make sure your proof is solid and that is was not a shopper that they can easily say they got it from someone else.
    Best of luck and Please update us what happens as i have been in this industry since 07 and do not know of one case of an iso actually winning in court vs a funder
    Best point you make here is about getting ISO agreements back countersigned. I would bet it is less than 1 in 10, meaning the vast majority of ISO's have no protections from getting screwed over. Do not submit deals to funders until you have a fully executed and valid iso agreement signed
    Last edited by J.Celifarco; 09-22-2021 at 10:07 AM.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

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