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  1. #1
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    Bfs - and new iso agreement

    What do you all think about BFS new ISO agreement where it demands the right to pull your credit report personally anytime they wish and be able to share your personal credit with courts and marketing companies?

  2. #2
    Veteran Reputation points: 134971 Chambo's Avatar
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    They are nipping the issues in the bud, unlike On Deck that dealt with the fallout afterwards in the press. They are definitely getting ready to go public

  3. #3
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    Quote Originally Posted by Chambo View Post
    They are nipping the issues in the bud, unlike On Deck that dealt with the fallout afterwards in the press. They are definitely getting ready to go public
    I am sorry, what do you mean "nipping the issues in the bud"? What kind of fallout did OnDeck have?

  4. #4
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    Quote Originally Posted by BigIz View Post
    I am sorry, what do you mean "nipping the issues in the bud"? What kind of fallout did OnDeck have?
    ISOs run by criminals and deadbeats with drug problems that will do and say anything to close a deal. Buy a phone, a laptop, an office space by the tracks, and go to work with other people's money. That's what it's like out there, and the legit lenders are sick of it.

  5. #5
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    Gosh, you must be in Miami downtown.

  6. #6
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    Quote Originally Posted by John Galt View Post
    Gosh, you must be in Miami downtown.
    Worse. Orange County, California.

  7. #7
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    oh the iso are the issue huh..how bout lenders who sell the deal to s friend etc. which bfs has done already. there are plenty if Iso out there who will easily find a home for a deal still. while we are at it..lenders payback is.bordeline extortion..yet the Iso sales guy us the ussue?

  8. #8
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    Bfs - and new iso agreement

    Hahahaha "lenders payback is borderline extortion"....buddy when you have 15 points in a deal what do you expect. Bfs is doing the right thing that will better protect their investors. How can they rip a commission back if you have no credit? Now they can sue you when you stack behind them, double fund, manipulate bank statements...etc. hopefully this is the start to push the losers out of this industry.

  9. #9
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    while we are at it..how about the lenders who give a 3rd or 4th advance to merchant..does that ever help the merchant..also get advamce and start repaying next day..there are many issues out there not iso. ok run credit..shop owned by guy who is 740 credit n sales guy is the issue..next

  10. #10
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    Bfs - and new iso agreement

    ^i bet you voted for Obama

  11. #11
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    corky

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