Quote Originally Posted by FCF Fund View Post
Be sure to check the fine print on notice of commission changes, most agreements state it must be in writing BEFORE said change. If they didnt follow procedure to their own ISO agreement you may have them dead to rights. File suit for treble damages, legal fees etc.
we reviewed it with the lawyer, they dead to rights already. Reason we moving forward. Just funny after our lawyer sent the info, he gets a response saying they will pay 4% when its paid in full. Makes no sense if they make all that money, factor on factor the guy and charged him another 10% on the renewal but you want to pay us 4%? If they paid us 4% after the renewal and sent us a funded email out of no where, then we dont even have a conversation. We say 'thank you' and on to the next deal. We wouldnt even say 'i thought we make 12%' or some ****. But now the CEO says pay 4% at the end? Talk about 'doing the right thing' which he said on the initial phone call he always does but he keeps his own rep in the dark and screws him out of $6000 commission. Stand up guy.