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02-03-2016, 03:05 PM #11
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Spoken like a true underwriter!
I'm all for making money in this industry. It's hyper competitive out there and it's tough to make a decent living if you're a small ISO. But when pop-up stack funders come into this space with their bull**** underwriting criteria and start causing merchants to default on their 1st position funders because they think taking 30% of their monthly gross makes perfect sense, then that's where you have to draw the line.
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