[RobPearlman]

I got a call earlier this month from www.cashcapital.com the guy's name was Jerry Scott (supposedly). He told me he was a Direct Lender, same day commissions, and that no other broker could go after the same deal for 30 days once I've sent it to him. I was trying to replace Everest / Knight Cap

This guy sent deals to Pearl, MCC and US WORKING CAPITAL.

He would tell me "Declined, trucking, mean while the merchant is like who the F"

I sent him a lot of my submissions, he funded a few.. One was for $60,000 a 1.36 with Pearl. (Just found out today)

Just wanted any of you honest brokers (Which I doubt there are very many) To be aware of this guy Jerry Scott www.cashcapital.com

Here's the signature from his emails;

Jerry Scott
Cash Capital
A Delaware Corporation

Jerry Scott • National ISO Relations Manager
Cash Capital Group LLC |1013 Centre Rd Suite 403s | Wilmington, DE 19805
 302-232-8233 | F. |  Jerry@cashcapital.com

[rick_clsfunding]

Just wanted any of you honest brokers (Which I doubt there are very many)

Gee, thanks...

[Sean Cash]

Nothing is more astounding than the willingness of people to just send their deals off to some guy because of a cold call. You should do thorough due diligence on any funder you work with since you are transmitting a merchant's most sensitive information.

[rick_clsfunding]

Nothing is more astounding than the willingness of people to just send their deals off to some guy because of a cold call. You should do thorough due diligence on any funder you work with since you are transmitting a merchant's most sensitive information.

Couldn't agree more.

[Kevin Henry-Seacoast]

Nothing is more astounding than the willingness of people to just send their deals off to some guy because of a cold call. You should do thorough due diligence on any funder you work with since you are transmitting a merchant's most sensitive information.

When the phone rings and it's somebody on the other end you don't know, ask yourself this question "Why am I so lucky to be getting this call". Do your research on any and all contacts.

[J.Celifarco]

I got a call earlier this month from www.cashcapital.com the guy's name was Jerry Scott (supposedly). He told me he was a Direct Lender, same day commissions, and that no other broker could go after the same deal for 30 days once I've sent it to him. I was trying to replace Everest / Knight Cap

This guy sent deals to Pearl, MCC and US WORKING CAPITAL.

He would tell me "Declined, trucking, mean while the merchant is like who the F"

I sent him a lot of my submissions, he funded a few.. One was for $60,000 a 1.36 with Pearl. (Just found out today)

Just wanted any of you honest brokers (Which I doubt there are very many) To be aware of this guy Jerry Scott www.cashcapital.com

Here's the signature from his emails;

Jerry Scott
Cash Capital
A Delaware Corporation

Jerry Scott • National ISO Relations Manager
Cash Capital Group LLC |1013 Centre Rd Suite 403s | Wilmington, DE 19805
 302-232-8233 | F. |  Jerry@cashcapital.com

I just got a call from this guy today. Let him talk before saying no.. If I had read this first, I would have just said fck off and hung up

[Funder Mark]

Nothing is more astounding than the willingness of people to just send their deals off to some guy because of a cold call. You should do thorough due diligence on any funder you work with since you are transmitting a merchant's most sensitive information.

As a ISO rep, I still find it surprising how often I make a call, and within 20 minutes I am trusted with a brokers clients.

[Sean Cash]

That guy's company address is fake. It's a registered agent's office. The website is also riddled with typos.

[admin]

Some advice: If anyone tells you they are a direct "lender," ask them how it is they lend. Do they comply with lending laws on a state-by-state basis or do they have a bank charter relationship? If a bank charter, ask them what bank. Verify it. If they have a lending license in a single state or multiple states, verify it.

If they don't know what you are talking about, end the conversation. If they purport to purchase future revenue streams but call themselves a direct "lender," end the conversation.

Where is their office? How many employees do they have? How long have they been in business for? Research them online. Is the contract language they present to merchants sound?

Right now there is a federal government lawsuit against the owners of a company that alleges among other things that they did not properly vet the lenders they sent leads to.

It's one thing to be ignorant and turn over your hard-work to some random company and cost yourself a commission and quite another to consider you are handing over the bank statements and social security # of a person to some random company that you don't even know is real.

Use your heads. Common sense is not just about making sure you get paid for your hard work but about protecting the clients you are in the business of helping.

[TStein]

Well said ^

[Michael I]

Some advice: If anyone tells you they are a direct "lender," ask them how it is they lend. Do they comply with lending laws on a state-by-state basis or do they have a bank charter relationship? If a bank charter, ask them what bank. Verify it. If they have a lending license in a single state or multiple states, verify it.

If they don't know what you are talking about, end the conversation. If they purport to purchase future revenue streams but call themselves a direct "lender," end the conversation.

Where is their office? How many employees do they have? How long have they been in business for? Research them online. Is the contract language they present to merchants sound?

Right now there is a federal government lawsuit against the owners of a company that alleges among other things that they did not properly vet the lenders they sent leads to.

It's one thing to be ignorant and turn over your hard-work to some random company and cost yourself a commission and quite another to consider you are handing over the bank statements and social security # of a person to some random company that you don't even know is real.

Use your heads. Common sense is not just about making sure you get paid for your hard work but about protecting the clients you are in the business of helping.

I will like to add that the commission tells you a lot also .

[Chambo]

Some advice: If anyone tells you they are a direct "lender," ask them how it is they lend. Do they comply with lending laws on a state-by-state basis or do they have a bank charter relationship? If a bank charter, ask them what bank. Verify it. If they have a lending license in a single state or multiple states, verify it.

If they don't know what you are talking about, end the conversation. If they purport to purchase future revenue streams but call themselves a direct "lender," end the conversation.

Where is their office? How many employees do they have? How long have they been in business for? Research them online. Is the contract language they present to merchants sound?

Right now there is a federal government lawsuit against the owners of a company that alleges among other things that they did not properly vet the lenders they sent leads to.

It's one thing to be ignorant and turn over your hard-work to some random company and cost yourself a commission and quite another to consider you are handing over the bank statements and social security # of a person to some random company that you don't even know is real.

Use your heads. Common sense is not just about making sure you get paid for your hard work but about protecting the clients you are in the business of helping.

But that would imply that all these cats looking for 3rd, 4th, 5th positions are actually thinking about the best interest of the merchant, or that they even care one iota about the merchant

[RobPearlman]

lol

[RobPearlman]

Good.

[SCP]

Some advice: If anyone tells you they are a direct "lender," ask them how it is they lend. Do they comply with lending laws on a state-by-state basis or do they have a bank charter relationship? If a bank charter, ask them what bank. Verify it. If they have a lending license in a single state or multiple states, verify it.

If they don't know what you are talking about, end the conversation. If they purport to purchase future revenue streams but call themselves a direct "lender," end the conversation.

Where is their office? How many employees do they have? How long have they been in business for? Research them online. Is the contract language they present to merchants sound?

Right now there is a federal government lawsuit against the owners of a company that alleges among other things that they did not properly vet the lenders they sent leads to.

It's one thing to be ignorant and turn over your hard-work to some random company and cost yourself a commission and quite another to consider you are handing over the bank statements and social security # of a person to some random company that you don't even know is real.

Use your heads. Common sense is not just about making sure you get paid for your hard work but about protecting the clients you are in the business of helping.

Beautifully said. Couldn't agree more...

[NoBigDeal]

I will like to add that the commission tells you a lot also .

In what sense? The higher the commission, the less likely you can trust them/ more likely the deal will be back-doored?

[Michael I]

In what sense? The higher the commission, the less likely you can trust them/ more likely the deal will be back-doored?

of course if they cant answer any of sean questions and are offering high commission they will steal it .
What i am saying is that as a legitimate iso i can answer all of sean question and pose myself as a lender . the one thing i can't do is 15% commission because what will i make .

[Karen37a]

There are very few Direct lenders and many people are just brokers who put skin in the game (if they even do that), labeling themselves as Direct lenders.


Some of these Direct lenders treat the Iso's like glorified telemarketers anyway with their 14 day to close policies, no activity take your renewals crap.

[iso@wallfunding]

There are very few Direct lenders and many people are just brokers who put skin in the game (if they even do that), labeling themselves as Direct lenders.


Some of these Direct lenders treat the Iso's like glorified telemarketers anyway with their 14 day to close policies, no activity take your renewals crap.

As a direct funder, we have an entirely different philosaphy about how to work with our ISO's. We have 30 days exclusivity on all submissions, and we pay 100% commission on all renewals, as long as you close it, as we will not contact your clients without your authorization.

[Franklin]

As a direct funder, I have to disagree. We have 30 days exclusivity on all submissions, and we pay 100% commission on all renewals, as long as you close it, as we will not contact your clients without your authorization.

She didn't say ALL, she said SOME, making the statement correct.

[iso@wallfunding]

She didn't say ALL, she said SOME, making the statement correct.

I stand corrected.