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04-12-2022, 02:56 PM #1
Where would you file the COJ?
The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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04-12-2022, 04:02 PM #2
Reputation points: 10
- Join Date
- Apr 2022
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- 40
Again, not going to file it, I just need it signed and that's it. A merchant doesn't know that it can't be used, unless the broker tell them that, and if they do that, then they are not protecting the lender's interest.
And to clarify only to merchants that defaulted in the past.
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04-12-2022, 04:32 PM #3
I thank you for your clarification.
Unfortunately what this looks to be is a scare tactic. You're threatening to do something you actually can not do to a merchant. What is the point? Would someone care to chime in if it's even legal to do that to a Merchant?
This isn't to bash your company. However, you're clearly not seeing that you have a lot of red flags in your posts. If you follow the threads on here we've seen much crazier things advertised that clearly do not make sense.
I understand you work there. You're coming in looking to let us know who you are. I would recommend you visit debanked.com and read up on the stories written on COJ's and such. I'd also point you to the Bloomberg Articles written a few years ago.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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04-12-2022, 10:19 PM #4
Reputation points: 10
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- Apr 2022
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Thank You, I will let the company know that and see if it can be revised, in the meantime, we are focusing in what might be the case for maybe 2% of the deals that we might fund.
On the other hand, we do sell rates, at a 1.20 the broker gets 5 points commission and at 1.30 the broker gets 10 points commission. We don't do more than 1.30 sell rate.
We offer daily or weekly payments and we can also do prepayment addendums in case the merchant wants to pay the loan faster.
Lets fund deals.
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05-14-2022, 07:16 PM #5
Reputation points: 44888
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- Aug 2018
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05-24-2022, 04:32 PM #6
Reputation points: 10
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- Apr 2022
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- 40
Look more closely.
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04-12-2022, 05:06 PM #7
Reputation points: 13491
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- Apr 2021
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04-12-2022, 10:21 PM #8
Reputation points: 10
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- Apr 2022
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Lol, Nicholas I like you man you never take anything serious!
Have a good night!
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05-11-2022, 11:52 AM #9
Reputation points: 11
- Join Date
- Mar 2022
- Posts
- 89
My name is Steve, my company is BizConnect and I’ll keep this quick.
We are running scalable Lead Generation platforms for some of your competitors that are performing VERY well.
I can explain the process in 10 minutes or less and have leads flowing to you and your team within a few days if you like it.
It works for all financial service businesses including Merchant Cash Advance, Invoice Factoring, Equipment Financing, Hard Money Lending, Residential Mortgage and more…. Basically, for any business that needs Exclusive, Real Time Leads, Clients, Customers, Patients, etc.
If you could find some time this week or next, let’s meet and talk for a few minutes to see if it fits your business – I think you’ll love what we do….
Here is a link to my Calendar, let me know when you are available:
https://calendly.com/steve-0412/free...&month=2022-02
Thanks,
Steve
Steve Rosenblum
Senior Vice President of Sales
800.395.4610
steve@bizconnectads.com
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