[Mynameisbob]

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.