How to avoid debt consolidators
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  1. #1
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    How to avoid debt consolidators

    Majority of my stop payments are coming from debt consolidaters telling merchants to stop payments and shut out all communication.

    Ive heard stories of merchant being told by DC's to take funds and then use them to pay the balance.

    Its been bad for a while but seems to be only getting worse.

    I can prepare for a merchant going bad on his own, but how do you prepare for a merchant who is being coached?
    Last edited by FunYouMan; 10-17-2023 at 01:46 PM.

  2. #2
    Senior Member Reputation points: 122949 BR-Nightmare's Avatar
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    Quote Originally Posted by FunYouMan View Post
    Majority or my stop payments are coming from debt consolidaters tell merchant to stop payments and shut out all communication.

    Ive heard stories of merchant being told by DC's to take funds and then use them to pay the balance.

    Its been bad for a while but seems to be only getting worse.

    I can prepare for a merchant going bad on his own, but how do you prepare for a merchant who is being coached?
    Find the root of the source, see if it's anything you can tie to a broker, you then have possible torturous interference suit you can file.

    https://debanked.com/2018/06/settlin...-against-them/
    Last edited by BR-Nightmare; 10-17-2023 at 01:41 PM.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  3. #3
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    Scum

  4. #4
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    Quote Originally Posted by BR-Nightmare View Post
    Find the root of the source, see if it's anything you can tie to a broker, you then have possible torturous interference suit you can file.

    https://debanked.com/2018/06/settlin...-against-them/
    Isaac Stern. What an amazing business owner. Props to EBF. This is gold.

  5. #5
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    Always find the root. Fundfi is suing MCA resolve for exactly this. A client in legal sent us the info, the communication, contracts etc
    We have even discovered the in the past a lead generator the broker uses to then sell it to the debt consolidator who tried to break the contract before the deal even has trouble. Unfortunately without the effort to find out how this happened, it will continue. Must find the root and sue!

    They are also tied with ISO shops unfortunately. Hopefully with litigation and a costly monetary damages this behavior will deter.
    I always offer a better deal to turn over the debt consolidators info. It does work and then you have your info to sue.

    We will always protect our money and try to root out the garbage in the industry


    https://iapps.courts.state.ny.us/nys...eSearchResults
    Efraim"Brian" G. Kandinov
    brian@fundfimerchantfunding.com
    CEO
    Fundfi Merchant Funding LLC

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