Results 1 to 10 of 10
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11-21-2022, 12:02 PM #1
- Join Date
- Nov 2022
- Posts
- 21
MCA High Risk Funder
FND Capital is looking to sign up with new Isos:
We will fund anything if their is room
$5k - $500k funding range
All we need is Voided Check and Id to get a deal funded
We pay Max Commission
When other lenders are declining files for defaults, bankruptcies, open Judgements, I can give approvals! Contact me to start working together and we will turn bad paper into money.
Jacob Cohen
(516) 780-1095
Jacob@fndcapitalgroup.comLast edited by Jacob Cohen; 02-01-2023 at 09:54 AM.
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05-07-2024, 02:16 PM #2
- Join Date
- May 2024
- Posts
- 6
A heads Up to any ISOs/ Brokers out there.
Run dont walk away from these guys. 12 years in this industry ive never seen a deal handled worse. Funded Client 25k deal with 30% origination, 25 day deal 1.499 payback 37,500. Upon completion of the deal and full RTR paid . Jacob Proceeded to use merchants login 40 days later and pull additional ACHS totaling 51k.. All while ignoring the merchants calls for 2 weeks while pulling ACHS. First excuse was its passover, second excuse was im sick, third excuse was you owe me 10k for stack ( Shocker. Client did not stack) . We have plenty of unethical people in this business but this was by far the most unethical conducting of business ive ever seen by an egregious measure. Oh and as for the max comission, of course it was never paid.
Again proceed at your own risk but RUN dont Walk from FND.
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05-07-2024, 02:38 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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05-07-2024, 02:39 PM #4
- Join Date
- Aug 2019
- Posts
- 164
Simon Wein
CEO- Radiance Funding
P:516.509.9788
W: Radiancefunding.com
E:Simon@radiancefunding.com
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05-07-2024, 03:12 PM #5
- Join Date
- Dec 2021
- Posts
- 215
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05-07-2024, 03:23 PM #6
- Join Date
- May 2024
- Posts
- 6
Im not sure how a funder over debiting from a merchants bank account or a merchant not changing their bank login is negligence on my part. This is a merchant with 700k in revenue per month and hundreds of credits and debits in their ledger who has utilized MCA products for years this caught both of us off guard as ive never seen this happen in my 12 years of experience in the industry. When they caught it that is exactly what i advised them to do. But yes it will likely proceed to a lawsuit unfortunately.
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05-07-2024, 03:26 PM #7
- Join Date
- May 2024
- Posts
- 6
Good question, its a 40 year old Non profit run by 75 y/o+ directors using local/regional bank that likely doesnt use MFA/ 2FA.
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05-07-2024, 03:31 PM #8
- Join Date
- Dec 2021
- Posts
- 215
You brought FND the deal, you're responsible whether you like it or not. Instead of sending your deals to bs funders in long island, do your research next time. So because of your negligence, he is out a bunch of money from the nasty deal you got him, plus 51k for the over debits, lawyer fees, and his time wasted on this situation.
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05-07-2024, 03:33 PM #9
- Join Date
- Feb 2017
- Posts
- 3,450
The first thing you can do is contact the bank about the unauthorized debits. The way it works is that the bank contacts the bank that did/authorized the pulls and the bank that authorized the pulls requests to see authorization from the puller. If they have contracts, then they let it go and then any "fraud" is up for a lawsuit. If they don't, then they will likely return the money.
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05-07-2024, 04:27 PM #10
- Join Date
- May 2024
- Posts
- 6
I will say it again as i posted previously Goldenhippo. Im not here to argue or waste my time discussing the merits of the deal, I am here to let others know about how it transpired to avoid it themselves.
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