Thoughts on current collections / default rate?
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  1. #1

    Thoughts on current collections / default rate?

    This guy seems pretty passionate about it...

    https://www.youtube.com/watch?v=nnCnT7fzLWA

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Take money from a loan shark. If you can't pay, Guido will come for you.
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  3. #3
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by Olderguy View Post
    Take money from a loan shark. If you can't pay, Guido will come for you.
    It's Gino, not Guido.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  4. #4
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by ghost View Post
    This guy seems pretty passionate about it...

    https://www.youtube.com/watch?v=nnCnT7fzLWA
    God, this kid is the biggest tool.

    He somehow appears in my instagram feed and it's so obvious that he came from the sewer like most ISO reps, and knows nothing important and does not even want to try and learn to be better.

    He's constantly going on about pitching toxic-structured sub-25k-50k sized deals to low revenue and high risk merchants...

    He's obviously slow, in the way he speaks. Now this video confirms how slow. His social media is aimed at trying to "teach" new people about MCA sales which is really a toxic thing to do altogether (advertising the industry to more and more new inexperienced, uneducated people to mass-force-sell sub prime deals.) So here he creates a video rant directed at merchants who default... that's good, I hope they see all his other content lol.

    Important life lesson @ 1:40 - "someone once told me, there's no shortcuts in life. just pay your cash advance." He doesn't even understand the structure of the contract he's selling or what a default truly is.

    Then he goes on to inform merchants subliminally how to default by "switching bank accts and LLCs" in this video.

    And somehow includes himself in "we" as if he's a funder.


    Love it, honestly. This type of **** is my biggest pet peeve and the worst side of the industry.

    I'm triggered.
    Anthony Diamond
    Underwriter

  5. #5
    Quote Originally Posted by ADiamond View Post
    God, this kid is the biggest tool.

    He somehow appears in my instagram feed and it's so obvious that he came from the sewer like most ISO reps, and knows nothing important and does not even want to try and learn to be better.

    He's constantly going on about pitching toxic-structured sub-25k-50k sized deals to low revenue and high risk merchants...

    He's obviously slow, in the way he speaks. Now this video confirms how slow. His social media is aimed at trying to "teach" new people about MCA sales which is really a toxic thing to do altogether (advertising the industry to more and more new inexperienced, uneducated people to mass-force-sell sub prime deals.) So here he creates a video rant directed at merchants who default... that's good, I hope they see all his other content lol.

    Important life lesson @ 1:40 - "someone once told me, there's no shortcuts in life. just pay your cash advance." He doesn't even understand the structure of the contract he's selling or what a default truly is.

    Then he goes on to inform merchants subliminally how to default by "switching bank accts and LLCs" in this video.

    And somehow includes himself in "we" as if he's a funder.


    Love it, honestly. This type of **** is my biggest pet peeve and the worst side of the industry.

    I'm triggered.
    This is the dark part of the industry. Hopefully it cleans up sooner than later !

  6. #6
    There's a reason Funderhunt no longer submits to A, B, or even C funders. They all caught on to his antics and want nothing to do with them.

  7. #7
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    Seems like he about to cry throughout the entire video yet pulls some shady **** when it comes to deals and dealing with funders and merchants. Amazing how bad his rep is.

  8. #8
    This guy is smoking something special

  9. #9
    Not sure who this is, but I feel sorry for him. Clawback can be a *****, especially when bigger deals default
    We specialize in funding:
    Deals w prior Defaults
    "Over Leveraged" deals
    All Positions (as long as there is space)
    Low FICO scores
    and all other "difficult" deals

    To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
    I look forward to hearing from you.

    Rasheed Miller
    (917) 933-3095 (text or call)
    https://supremefunding.net/

  10. #10
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by ghost View Post
    This guy seems pretty passionate about it...

    https://www.youtube.com/watch?v=nnCnT7fzLWA
    Anything this young man says is to be taken with a grain of salt.

    Remember this is the same kid Sean took the time to potentially do a reality piece on, he made that disappear quick when he was met with backlash and saw his true colors.

    The kid tried something to get noticed, it worked. However, his true colors are exposed by the amount of actual funders that cut him off or wont touch him with a 10 ft pole.

    I know I am not alone when I say if I were to meet the kid, he's in for a rude verbal awakening.
    Last edited by BR-Nightmare; 12-28-2022 at 12:41 PM.
    The Brokers Nightmare
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  11. #11
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    Quote Originally Posted by ADiamond View Post
    God, this kid is the biggest tool.

    He somehow appears in my instagram feed and it's so obvious that he came from the sewer like most ISO reps, and knows nothing important and does not even want to try and learn to be better.

    He's constantly going on about pitching toxic-structured sub-25k-50k sized deals to low revenue and high risk merchants...

    He's obviously slow, in the way he speaks. Now this video confirms how slow. His social media is aimed at trying to "teach" new people about MCA sales which is really a toxic thing to do altogether (advertising the industry to more and more new inexperienced, uneducated people to mass-force-sell sub prime deals.) So here he creates a video rant directed at merchants who default... that's good, I hope they see all his other content lol.

    Important life lesson @ 1:40 - "someone once told me, there's no shortcuts in life. just pay your cash advance." He doesn't even understand the structure of the contract he's selling or what a default truly is.

    Then he goes on to inform merchants subliminally how to default by "switching bank accts and LLCs" in this video.

    And somehow includes himself in "we" as if he's a funder.


    Love it, honestly. This type of **** is my biggest pet peeve and the worst side of the industry.

    I'm triggered.
    This video is incredible lol
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  12. #12
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    DAVRON. The legend himself returns

  13. #13
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by SuperFastJoe View Post
    This video is incredible lol
    If I can add a suggestion here.

    Let's put him and Bob Marin from Mom & Pop in a boxing match in the next Debanked Connect event (too late for Miami) Loser leaves town match.

    Dave can be the Referee, Don Magrath can be the commentator.
    The Brokers Nightmare
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  14. #14
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    Quote Originally Posted by BR-Nightmare View Post
    If I can add a suggestion here.

    Let's put him and Bob Marin from Mom & Pop in a boxing match in the next Debanked Connect event (too late for Miami) Loser leaves town match.

    Dave can be the Referee, Don Magrath can be the commentator.
    IF this actually happened I would go.

  15. #15
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by Oxforddan View Post
    IF this actually happened I would go.
    Oh and no Marcus, Capybara can not sponsor it.
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  16. #16
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    Quote Originally Posted by BR-Nightmare View Post
    Oh and no Marcus, Capybara can not sponsor it.
    It's in Miami, can we invite Karen37a to give 20-20 hindsight afterthoughts commentary? Maybe invite her to chauffer the loser home?

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    best was when he posted on LinkedIn that he stacks all his merchants

  18. #18
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    Quote Originally Posted by abfunders View Post
    It's in Miami, can we invite Karen37a to give 20-20 hindsight afterthoughts commentary? Maybe invite her to chauffer the loser home?
    I'll allow it, only if West Coast comes too.
    The Brokers Nightmare
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  19. #19
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    Quote Originally Posted by BR-Nightmare View Post
    If I can add a suggestion here.

    Let's put him and Bob Marin from Mom & Pop in a boxing match in the next Debanked Connect event (too late for Miami) Loser leaves town match.

    Dave can be the Referee, Don Mcgrath can be the commentator.


    This is an EPIC suggestion Joey, I'm definitely in, as long as Sean meets my speaking engagement fees.


    Which Dave do you mean for Ref? ......can't be Yankeeman, he'll be doing security and running numbers for the shinebox crew.

  20. #20
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    Quote Originally Posted by DonMcGrath View Post
    This is an EPIC suggestion Joey, I'm definitely in, as long as Sean meets my speaking engagement fees.


    Which Dave do you mean for Ref? ......can't be Yankeeman, he'll be doing security and running numbers for the shinebox crew.
    No no, That's for Hedley and Micah.

    The people want Yankeeman in the ring.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  21. #21
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    Quote Originally Posted by BR-Nightmare View Post
    No no, That's for Hedley and Micah.

    The people want Yankeeman in the ring.

    Oooooohhhh, so just as Davron is getting close-lined and put to sleep in a choke hold, Yankeeman jumps out of the crowd, rips off his skin tight marylin monroe dress, jumps and wraps his legs around Bob's face with a black widow takedown.

    Remember, Yankee did that move to Bob with his dress off, so he has no clothes on.

    That episode would definitely be on www.Dumbleads.com new streaming platform.

  22. #22
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    Quote Originally Posted by BR-Nightmare View Post
    No no, That's for Hedley and Micah.

    The people want Yankeeman in the ring.
    No thanks! I am a lover not a fighter. Although COVID has calmed down a bit I still want to socially distance from some of you.
    Kevin Henry
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  23. #23
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    Quote Originally Posted by Hedley Lamarr View Post
    No thanks! I am a lover not a fighter. Although COVID has calmed down a bit I still want to socially distance from some of you.
    ok.

    Any volunteers for security?
    The Brokers Nightmare
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  24. #24
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    Gino may be in Miami collecting and can come give a hand ...........just remind him a few times that guys in the ring our NOT merchants. (and all will run smooth).
    Marcus Clapman
    Capybara Capital
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    646-708-5986 (Text Friendly!)

  25. #25
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    Quote Originally Posted by BR-Nightmare View Post
    No no, That's for Hedley and Micah.

    The people want Yankeeman in the ring.
    Ref maybe, but definitely not security. Is Monday night quarterback still open?

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