[letsfund2023]

This broker shop is promising lines of credit and other terms outside of the norm in the interim giving merchants short 40-60 day deals. And then on top charging PSF’s. Saw the proof in statements just now. Merchant is absolutely livid that they were lied to.

[letsfund2023]

The clowns always have to ruin it for the good brokers.

[RichDennisPoorDad]

In the end when the dust settles, they'll appreciate us honest guys.

[letsfund2023]

Amen! 🙏🏽

[AlexPete]

Seems like only a small % are thinking about the long run (:

Alex Peterson
ISO Relationship Manager, THORO CORP
E: alex@thorocorp.com
C: 305-502-9414

[RichDennisPoorDad]

Seems like only a small % are thinking about the long run (:

Alex Peterson
ISO Relationship Manager, THORO CORP
E: alex@thorocorp.com
C: 305-502-9414

Quick buck artists come and go with every bull market, but the steady players make it through the bear market. You're a part of something here, Bud. The money you make for people creates science and research jobs. Don't sell that out.

[ridextreme]

Almost every broker shop promotes "lines of credit" which they ultimately won't qualify for and they're sold an advance instead, and most brokers do charge a PSF (as well as most funders).

This is nothing new.

[letsfund2023]

I can understand, however FIG charged the merchant a ridiculous amount when he only netted 37k for one. For 2 the merchant screenshot the messages to our team, and FIG straight up lied. Said if you make 10 daily payments on time we will convert this into monthly and a line of credit. Saw with my own eyes, it’s one thing to promise futuristic goals that are achievable vs flat out lying and scamming the merchant to get a quick commission…

[JonathanHendrix]

I can understand, however FIG charged the merchant a ridiculous amount when he only netted 37k for one. For 2 the merchant screenshot the messages to our team, and FIG straight up lied. Said if you make 10 daily payments on time we will convert this into monthly and a line of credit. Saw with my own eyes, it’s one thing to promise futuristic goals that are achievable vs flat out lying and scamming the merchant to get a quick commission…

Pretty common story unfortunately. As richdennis said, just educate your merchants about the dangers and keep in touch with them. They'll appreciate it.

[RichDennisPoorDad]

Pretty common story unfortunately. As richdennis said, just educate your merchants about the dangers and keep in touch with them. They'll appreciate it.

Not to rub salt in the wound, but let's call it what it is.
They'll only appreciate you AFTER they got burned.

Some kids have to learn that the stove is hot by touching it. It's part of the growth lol