State of The Industry
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  1. #1
    Too much fraud going on with brokers falsely promising large credit lines in return for taking 25-50k deals at 50% interest, 10% fee and 10 day term to "establish pay history" and then ghost the merchant. Merchants need to report every broker that does this to the feds to teach them a lesson.
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  2. #2
    Senior Member Reputation points: 118833 ridextreme's Avatar
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    Quote Originally Posted by ThorCapitalGroup View Post
    Too much fraud going on with brokers falsely promising large credit lines in return for taking 25-50k deals at 50% interest, 10% fee and 10 day term to "establish pay history" and then ghost the merchant. Merchants need to report every broker that does this to the feds to teach them a lesson.
    This has been going on since day one, it's nothing new.

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