[Chambo]

New to the game, Looking for tips and tricks from seasoned MCA pro's. My source told me I can go to the DAILYFUNDER for great advice.

I have a 3 man shop, dialing UCC'S, and calling my old book of business.

HELP ME FUND BROTHA!

FUNDEDBROTHER@GMAIL.COM
Joe

What do you mean "old book of business"? You mean the one you took with you when you left the other ISO? If that is what you mean, do not be surprised if you get the blue papers hand delivered to ya, for breach of contract and stealing....just saying.

[John Galt]

Sorry, Chambo is way off:
That's just such BS. Seldom are suits filed, very expensive. Just to try to scare the kids. Tortuous interference is so hard to prove, non piracy, non compete......rules change every week. In addition you're looking at 25k in legal fees against collecting from someone with a minimal net worth (assuming you go to trial). Maybe get a C&D if you're lucky and the kid you sue doesn't show or have an atty for 1K or so. Welcome to reality. Nasty dunning letters only scare the ignorant. It' a competitive market and you can't keep someone out of their chosen trade. Depends on the contract signed and because the rules change so fast, the non compete you signed 2 years ago is probably now inefficient in a court of law.

[Sean Cash]

That's just such BS. Seldom are suits, very expensive. Just to try to scare the kids. Tortuous interference is so hard to prove, non piracy, non compete......rules change every week. In addition you're looking at 25k in legal fees against collecting from someone with a minimal net worth (assuming you go to trial). Maybe get a C & D if you're lucky and the kid you sue doesn't show or have an atty for a g or so. Welcome to reality. Nasty dunning letters only scare the ignorant.

John, I'm not so sure I agree with you. There are more than a dozen active lawsuits going on right now (which can be easily looked up) against former employees of ISOs and funders for violating non-competes and the like. The truth is that this industry is very litigious and reps shouldn't act as if nothing will happen to them if they quit/get fired and then breach their agreements. I've seen plenty of evidence to the contrary.

Chambo is right again.

[BigIz]

Sorry, Chambo is way off:
That's just such BS. Seldom are suits filed, very expensive. Just to try to scare the kids. Tortuous interference is so hard to prove, non piracy, non compete......rules change every week. In addition you're looking at 25k in legal fees against collecting from someone with a minimal net worth (assuming you go to trial). Maybe get a C&D if you're lucky and the kid you sue doesn't show or have an atty for 1K or so. Welcome to reality. Nasty dunning letters only scare the ignorant. It' a competitive market and you can't keep someone out of their chosen trade. Depends on the contract signed and because the rules change so fast, the non compete you signed 2 years ago is probably now inefficient in a court of law.

I wish I had the money to enforce my confidentiality/non-compete agreements with all the reps who stole from me in the mod business. I was in the mod business for 7 years and if I had the money I would have sued the pants of ALL those BASTA....S that stole my deals. I am all for being entrepreneurial and trying to branch off on your own BUT stealing business from a Company that has spend thousands upon thousands of dollars to capture those leads is NOT OK.

I hope that is not what this kid did or else I have lost all respect for him. He said old book of business and I assumed he was previously in an Industry that dealt with businesses directly.

[John Galt]

Just exactly my point.