Results 1 to 23 of 23
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03-01-2022, 03:55 PM #1
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- Aug 2017
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- 405
Westwood Funding, Funding company or Settlement ISO?
Has anyone ever heard of this shop? I spoke to a merchant who said they were working with Sal and Lou at Westwood funding. The merchant needed 125k for a new project and already had 2 positions. He was very open with the fact that he couldn't currently afford his daily payments yet was actively seeking a consolidation. He then proceeded to tell me that Sal told him they could facilitate a 3rd for 75k, then soon afterward have an attorney's review their 3 contracts which typically results in a 50-75% payment reduction for all of their daily payment advances. This is disgusting. I advised the merchant to pay down their advances or use the reconciliation clause in their contract if they had to. He didn't even know what I meant by reconciliation clause. I'm aware this type of nonsense is happening all the time, but it floors me to see something this blatant.
Last edited by Mynameisbob; 03-01-2022 at 04:17 PM.
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03-01-2022, 04:14 PM #2
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- Dec 2021
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- 42
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03-01-2022, 10:03 PM #3
- Join Date
- Nov 2016
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- 44
I’m not even surprised there’s so many scumbags out there that ruin deals for everyone. Takes money from ISOs on renewals and obviously the funders. Sad part is this really screws over the merchant in the long run since they don’t seem to ever fully understand the repercussions when they default on multiple funders.
If more funders started going after debt settlement companies and the ISOs working with them, like Yellowstone and EBF did back in the day, I bet a lot more deals wouldn’t end up there…
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03-02-2022, 09:31 AM #4
- Join Date
- Oct 2020
- Location
- NORTH MIAMI BEACH
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- 13
Westwood is a Funding company and We don't have a Sal or Lou here. They were terminated over 2 years ago for stealing data. If you could get the merchant to show you an email from either of them it would be appreciated. Westwood is located in Hollywood Fl and Syosset New York, Sal and lou are at some shop in Boca raton for some time. If they're using my company name I want to see Emails if possible.
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03-02-2022, 09:36 AM #5
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- Oct 2020
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- NORTH MIAMI BEACH
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- 13
Sal and Lou havent worked for us for 2 Years Both fired for poor moral compass. Westwood Funds deals inhouse we would never work with debt resolution companies. We use IVY for collections who does an amazing job for us. As of now we have a 5% default rate and treat all our partners fair and above board. Anyone saying different is invited to our offices to see our process and meet our team.
last Month we funded $17MM and paid out 1.2 MM in commissions.Last edited by Dominick C; 03-02-2022 at 09:51 AM.
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03-02-2022, 09:38 AM #6
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- Oct 2020
- Location
- NORTH MIAMI BEACH
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- 13
954-350-0331 extension 1001 Bob you can call me and Id apprciate you getting facts straight before posting inaccurate info about my company
Last edited by Dominick C; 03-02-2022 at 09:51 AM.
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03-02-2022, 10:19 AM #7
- Join Date
- Apr 2021
- Posts
- 43
I have heard that Westwood is the backdoor shop for Advantage and they have a white label with 24 cap, yellow, Kash Capital and advantage. Westwood is just a super broker with a bunch of white labels. However if they are trying to get deals to default thats very wrong. I am sure if funders see this, Westwood will be terminated as submission partner for many funders. I know everest and fundworks have zero tolerance for this.
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03-02-2022, 10:22 AM #8
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- Dec 2021
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- 40
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03-02-2022, 10:22 AM #9
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- Dec 2021
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- 40
If true of course
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03-02-2022, 10:25 AM #10
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- Oct 2020
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- 2
From my understanding, Westwood is no longer brokering and has moved to funding full time. We do a lot of business with them and I must say, they are pretty aggressive with pricing and get deals funded quick. Sounds like a couple of bad apples trying to stir things up for a shop that's doing big things in the industry.
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03-02-2022, 10:26 AM #11
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- Oct 2020
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- NORTH MIAMI BEACH
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- 13
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03-02-2022, 10:27 AM #12
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- Oct 2020
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- NORTH MIAMI BEACH
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- 13
Lol guessed wrong hard work and long hours
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03-02-2022, 10:33 AM #13
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- Oct 2020
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- NORTH MIAMI BEACH
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- 13
Just an FYI super brokers Cant afford Lambo's LOL
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03-02-2022, 02:58 PM #14
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- Jan 2022
- Posts
- 7
They're just an ISO that advantage keeps backdooring deals to which is why they fund so much lol.
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03-02-2022, 04:40 PM #15
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- Oct 2020
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- NORTH MIAMI BEACH
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- 13
Last edited by Dominick C; 03-02-2022 at 05:13 PM.
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03-06-2022, 10:01 PM #16
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- Aug 2017
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- 405
It seems like these guys are using your company’s name still, or these are merchants that they dealt with under your company’s name. Everyone should appreciate you standing behind your company’s name and speaking out about this situation. If these guys are still involved with your company they’re giving you a bad rap.
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03-07-2022, 07:19 AM #17
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- Mar 2022
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- 1
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03-07-2022, 12:00 PM #18
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- Oct 2020
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- NORTH MIAMI BEACH
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- 13
Thanks Bob, We did reach out to them and warn them not to use our company name ofcourse they denied it.
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03-10-2022, 02:02 PM #19
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- Jan 2020
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- 88
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03-11-2022, 04:24 PM #20
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- Aug 2018
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- 837
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03-11-2022, 04:24 PM #21
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- Aug 2018
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- 837
Simple to search for judgements filed, and see contract formats for each one if you want to know if they're funding or not fellas.
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03-22-2022, 12:15 PM #22
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- Oct 2020
- Location
- NORTH MIAMI BEACH
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- 13
We file as Westwood funding- We use IVY receivables, You can do the court searches and see
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05-17-2022, 12:21 PM #23
- Join Date
- Mar 2022
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- 89
My name is Steve, my company is BizConnect and I’ll keep this quick.
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Steve Rosenblum
Senior Vice President of Sales
516.383.8407
steve@bizconnectads.com
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