[J.Celifarco]

This is both unbelievable and happens way to often! While I find it completely understandable when people new to the industry have questions, the fact that many of them resort to threats, cursing etc when their questions aren't answered with the information a lot of us have worked for years to get is just plain wrong.

You will never get my help ever when you approach me in this way. I would encourage other industry vets to be careful with whom they dvulge trade secrets. You wouldn't give nuke codes/stock tips/inside info for betting to just anyone right?

the fact that people think they are entitled to this info is what I find amazing.. How about you get a job working for someone work your ass off and learn before deciding to open your own office. It is amazing to me how people just seem to wake up one morning and say
DO I HAVE ANY EXPERIENCE IN THE MCA INDUSTRY???? NO
DO I HAVE ANY INDUSTRY CONNECTIONS???? NO
DO I KNOW WHAT A CASH ADVANCE IS??? NO
AM I GOING TO OPEN A CASH ADVANCE ISO??? YES YES YES

I WILL NEVER UNDERSTAND THIS

[jotucker1983]

....How about you get a job working for someone work your ass off and learn before deciding to open your own office. It is amazing to me how people just seem to wake up one morning and say
DO I HAVE ANY EXPERIENCE IN THE MCA INDUSTRY???? NO
DO I HAVE ANY INDUSTRY CONNECTIONS???? NO
DO I KNOW WHAT A CASH ADVANCE IS??? NO
AM I GOING TO OPEN A CASH ADVANCE ISO??? YES YES YES

I WILL NEVER UNDERSTAND THIS

In my opinion John Celifarco, we (as an industry) are to blame for this.

- We've established no barrier to entry into the industry

- We recruit anybody with a pulse and a heartbeat

- The same recruiting message is used in regards to how you can leave your Burger King drive thru job, "dedicate 40 hours a week" calling UCCs, and make $200,000 a year. You can pay off your credit card debt! You can pay off your student loans! You can move out of your mother's basement!

- Most direct funders and lenders do absolutely no background checks on who they allow to resell their services. They don't pull credit, they don't do a criminal check, they don't do a civil judgment check, they don't know well capitalized the office is, hell, most of them don't even remember the name of the broker after they send back the ISO agreement.

So guys like Billy Joe from the Burger King drive-thru, keeps running into our industry working off of his partywithbilly@yahoo.com email addres, because he sees it as a get rich quick scheme. And he sees it as such because that's how we (as an industry) recruit people.

We don't respect ourselves, so why should Billy Joe respect us?

[J.Celifarco]

In my opinion John Celifarco, we (as an industry) are to blame for this.

- We've established no barrier to entry into the industry

- We recruit anybody with a pulse and a heartbeat

- The same recruiting message is used in regards to how you can leave your Burger King drive thru job, "dedicate 40 hours a week" calling UCCs, and make $200,000 a year. You can pay off your credit card debt! You can pay off your student loans! You can move out of your mother's basement!

- Most direct funders and lenders do absolutely no background checks on who they allow to resell their services. They don't pull credit, they don't do a criminal check, they don't do a civil judgment check, they don't know well capitalized the office is, hell, most of them don't even remember the name of the broker after they send back the ISO agreement.

So guys like Billy Joe from the Burger King drive-thru, keeps running into our industry working off of his partywithbilly@yahoo.com email addres, because he sees it as a get rich quick scheme. And he sees it as such because that's how we (as an industry) recruit people.

We don't respect ourselves, so why should Billy Joe respect us?

Cant argue with any of this.. This is all 100% true. Barrier to entry is one regulation I would love to see

[FUNd]

Cant argue with any of this.. This is all 100% true. Barrier to entry is one regulation I would love to see

The cost of acquisition is quickly creating a natural barrier.

[J.Celifarco]

The cost of acquisition is quickly creating a natural barrier.

not when people come in grab 100000 UCC and spend all day calling our merchants offering bull**** promises and terrible stack deals

[FUNd]

not when people come in grab 100000 UCC and spend all day calling our merchants offering bull**** promises and terrible stack deals

What's the profit in that though? False promises and crap offers don't keep the lights on.

[J.Celifarco]

What's the profit in that though? False promises and crap offers don't keep the lights on.

yeah true, but still makes my job harder everytime some idiot calls my merchant and promises him the world. Then they call me and ask why i cant get them that