[mcaguru]

[QUOTE=Cfairbank;48587]

Regulators aren't focused on rates; they are focused on oversight, proper disclosure, UDAAP, debt traps, and predatory protections. In the dozens of meetings I have attended, not once have I heard the concept of a rate cap as a remotely likely option.

Oh then MCA world should be at ease.

[J.Celifarco]

[QUOTE=mcaguru;48594]

Oh then MCA world should be at ease.

Some people can be at ease, The A-C first position funders yes, some of the responsible second position funders yes, everyone else not so much. Anyone who is stacking 3rd or 4th positions and then sticking a COJ on top of that shouldn't.

[mcaguru]

Screw Claude Monet art... just stare at this!



General Election: Trump vs. Clinton FOX News Clinton 42, Trump 45 Trump +3
General Election: Trump vs. Clinton Rasmussen Reports Clinton 37, Trump 42 Trump +5


PS: for all you know I am a Clinton fan but business is business!

[mcaguru]

[QUOTE=J.Celifarco;48602]

Some people can be at ease, The A-C first position funders yes, some of the responsible second position funders yes, everyone else not so much. Anyone who is stacking 3rd or 4th positions and then sticking a COJ on top of that shouldn't.

John are you aware that many Credit Card card companies (I think applied-bank is the largest) that offer Credit cards to "Credit challenged" Americans (consumers) that they give a $300 Credit line and when you activate they take out $99 dollars plus I believe a $15 monthly fee (another $180 annually) and 2 or 3 other fees annually and then charge 24.99APR...just because it seems terrible to me and you does not make it illegal and for some reasons millions of these cards are floating in American Consumers pockets! and I'm sure many watch groups are fighting them but bottom line its legal.

[J.Celifarco]

[QUOTE=mcaguru;48613]

John are you aware that many Credit Card card companies (I think applied-bank is the largest) that offer Credit cards to "Credit challenged" Americans (consumers) that they give a $300 Credit line and when you activate they take out $99 dollars plus I believe a $15 monthly fee (another $180 annually) and 2 or 3 other fees annually and then charge 24.99APR...just because it seems terrible to me and you does not make it illegal and for some reasons millions of these cards are floating in American Consumers pockets! and I'm sure many watch groups are fighting them but bottom line its legal.

do you know what the best part about htis conversation is, one of us is going to be right. I think its me you think its you and only time will tell. I just see the way the conversation is heading and I cant see how some form of regulation doesn't happen. Just my oppinion

[mcaguru]

[QUOTE=J.Celifarco;48614]

do you know what the best part about htis conversation is, one of us is going to be right. I think its me you think its you and only time will tell. I just see the way the conversation is heading and I cant see how some form of regulation doesn't happen. Just my oppinion

I am not saying there wont be regulation but its more from the large online lenders entering this space vs a few MCA companies funding a file that already has funds from another MCA company or etc.

[CreditGuy]

I'll give a nickel to the next person in this thread that uses the quote function properly.

[Funder Mark]

I'll give a nickel to the next person in this thread that uses the quote function properly.

Should I pm you my address?

[J.Celifarco]

I'll give a nickel to the next person in this thread that uses the quote function properly.

fair

[CreditGuy]

Should I pm you my address?

Just PM me your routing and account number.

[Funder Mark]

Just PM me your routing and account number.

The ACH fee would cost more, buy the first round if we ever meet someday.

[CEVOLUTION]

Funding Team
Evolution Capital Group
Tel: (516) 629-5877 | Fax: (516) 778-9382
Email: funding@evocapitalgroup.com

[Funder Mark]

funding team
evolution capital group
tel: (516) 629-5877 | fax: (516) 778-9382
email: funding@evocapitalgroup.com

go away!!!

[KTK]

Really Evolution?!?!

I was enjoying this thread and the debate. Read all pages down in its entirety and then there you came in my eye sight, like a steaming pile of poop on a Florida August day.

Get lost

[FUNd]

I am a Clinton fan

For the love of God, why?

[Funder Mark]

Really Evolution?!?!

I was enjoying this thread and the debate. Read all pages down in its entirety and then there you came in my eye sight, like a steaming pile of poop on a Florida August day.

Get lost

What KTK said, I 100% agree. Can the Admin please ban this guy?

[Funder Mark]

For the love of God, why?

He likes blondes?

[FUNd]

Funding Team
Evolution Capital Group
Tel: (516) 629-5877 | Fax: (516) 778-9382
Email: funding@evocapitalgroup.com

Website doesn't even work. Another Johnny-come-lately looking to hit it big in MCA. Snore...

[FUNd]

He likes blondes?

Hot ones, obviously.

[mcaguru]

For the love of God, why?

I said "for all you know"

[lkc67]

They started requiring COJ's on their deals as of a few weeks ago. Apparently they got burned on a few of their longer term offers and the 1.15-1.20 buy rates they were pushing and decided to swing the pendulum the other way.

If this were the case why would we have brought it back? We did not implement COJs as a result of getting burned on any of these deals. The results for those deals were excellent, and we have decided to offer that rate again. And yes, we will go long if needed (as long as 12 months), as we realize that the kind of merchant that qualifies for this rate will also want a longer term.

And the COJs are not as big an issue as you think, most merchants will prefer it to the strict personal guaranty on other products.

Not everything is fit for that rate, but many deals are, and we would like the chance to see them. And even deals that cannot qualify for this rate will still get a very competitive offer, with the opportunity to make 15pts.

If you have never worked with Everest before, we would love to have you as Partner. If you have not worked with us in a while, we want to see your submissions again, you will be happy with the changes in our rates and service levels.

To sign up as an ISO go here.
http://partners.everestbusinessfunding.com/

If you have any other questions, email me directly.

1.15 buy rate.jpg

[lkc67]

Renewals as well, or just new deals?

CHANGE IN EVEREST COJ POLICY!

Everest just changed its COJ policy. The new policy is that a COJ will be required only on deals above $25,000 (including renewals). However, it will still require COJs on ALL Construction, Auto, and Trucking (higher risk SIC codes).

[mcaguru]

should help them!.

[lkc67]

Last month Everest implemented the requirement for a COJ on all deals. However, since we listen to the feedback we get from our ISOs, and we understand the need not to slow down the funding on smaller deals. We have modified our COJ requirements.

COJ's will typically be required only on deals above $25,000. Except for Auto, Construction, and Trucking (highest risk SIC codes).

Thank you.

Everest is one of the largest Direct Funding companies in the industry. Focused on ISO submissions, we do not broker out your deals. We are focused on customer service to our ISOs.
If you do not work with Everest, you should contact us to get signed up. We offer "buy rates" as low as 1.15 and terms up to 1 year, paying next day commissions up to 15% and offer volume incentives of 1% per $250,000 funded on top of commission.