[HDF]

Ms. Kingsley

You did everything you could to extract UCC's from us through my business partner. You used a combination of b.s. and charm to ultimately fail at securing the data on an "IOU" basis. Inasmuch as you were looking to reap the profits from the data, should you be classified as a "crook?" Your approach was definitely creative. I'll give you that.

I wouldn't want to pay for your UCCs either. A business venture at least 3 years late to the fiesta.

[isaacdstern]

Where in Buffalo are you from?

I hear you, but one really interesting indicator of the stuff about to hit the fan is that one of your reps who happened to have a long standing relationship with a business partner of mine, stole from us. Desperation inspires theft.

Incidentally, this same rep helped spend the money a guy with the initials G.S. stole from you. You, me, G.S. are all from same town so when he was run into and let it fly, I was shocked at how G.S. and the rep who sits in your office splurged the money G.S. stole from you.

He stole from you (enjoying bottle service at strip clubs with your money knowing full well what was going on is a form of theft), he stole from me, and I bet he's scheming right now. "Stand up guys" are becoming more and more crooked... I'd watch out.

That aside, I still track data and I'm seeing the well drying up. Hats off to you for having staying power.

[YuliyaG]

Where in Buffalo are you from?

My folks live about a mile from your folks. We met at your BBQ in 2013 and discussed this!

[Chambo]

I hear you, but one really interesting indicator of the stuff about to hit the fan is that one of your reps who happened to have a long standing relationship with a business partner of mine, stole from us. Desperation inspires theft.

Incidentally, this same rep helped spend the money a guy with the initials G.S. stole from you. You, me, G.S. are all from same town so when he was run into and let it fly, I was shocked at how G.S. and the rep who sits in your office splurged the money G.S. stole from you.

He stole from you (enjoying bottle service at strip clubs with your money knowing full well what was going on is a form of theft), he stole from me, and I bet he's scheming right now. "Stand up guys" are becoming more and more crooked... I'd watch out.

That aside, I still track data and I'm seeing the well drying up. Hats off to you for having staying power.

Mr (guy with a similar last name, but different first name) was NEVER a stand up guy.

[J.Celifarco]

Ms. Kingsley,

Not sure how whatever connection you were patching through factors into all of this. Everyone runs the same game in this business "talk, talk, talk, talk" until you either get what what you want (for free) or give up. It's in the DNA of 8 of 10 folks in this industry. You turned out to be no different. Your half brained pitch for us to become a "leg on your table" was laughable. I absolutely laughed at the notion of us folding to work under Ms. Kingsley. We literally laughed very loudly.

All that aside, you were one of the very few people my "business partner" had any respect for in this industry. Needless to say that respect no longer exists.

I'm glad you're doing well. I know what it's like to have a set of marketable skills for which firms with deep pockets will engage in bidding wars for. I can relate to drawing a hefty six figure income in a relatively "recession proof" position so kudos to you Ms. Kingsley.

Be well!

do you wake up angry or does it happen over the course of the day.. If you do not have anything useful to bring to a conversation please do us all a favor and just not post anything. All you do is come on here post about the end of the industry and how awful people are or try to sell sneakers.. This is a waste of time for the rest of us so go find some other site to bother please..

[YuliyaG]

Mr (guy with a similar last name, but different first name) was NEVER a stand up guy.

The guy who enjoyed top shelf bottle service at strip clubs with the guy who stole from Isaac (while knowing what was going on) may be a different guy than the one you have in mind.

[MCNetwork]

*eating popcorn*

[Regium]

*eating popcorn*

Pass some over here..

[mcaguru]

Its been fairly quiet in here lately.

[Cfairbank]

Yep its called "Human Capital" easily acquired to handle that part. I bring this up because Yulina requested "predictions" so i am adding to what i hear in the grapevines...

It's not just human capital. And to be clear, i'm speaking broadly on the high risk market and not Cresthill specifically.

No more COJs. No more 5% to 10% origination fees. No more ridiculous clauses in cash advance contracts that trigger default with just two missed payments (and therefore enable the company to enforce the PG of performance). No more junk fees that take up an entire page (compare the fees sheet for most of the high risk contracts to ours, OnDeck's, rapid's, etc., they are completely different -- and NONE of the A paper guys, as far as I know, have a "default fee"). No more pulling EIGHT times when merchant NSFs before stoping. Then you've got pages and pages for several high risk companies on "rip off report", BBB, or others). Even if a company can figure out the underwriting side (which is not easy -- it is a very different process for a three month deal that will be double dipped after two months vs a 12 to 18 month deal at a 1.15x), why would a broker send an A paper deal to a high risk funder instead of one of the guys the A paper guys they already worked with? If the merchant does any basic background checks on the high risk companies, the broker would likely lose that merchant as a customer.

Changing a predatory, short-term product to an "A" paper product is not just flipping a switch -- it's completely changing how a company funds and services it's deals.

[mcaguru]

Will let you be the first to judge the A paper programs the Higher risk advance shops put into play...

[J.Celifarco]

Will let you be the first to judge the A paper programs the Higher risk advance shops put into play...

You actually think they are going to make that move?

[isaacdstern]

so Williamsville, awesome! heading there this summer with the fam

My folks live about a mile from your folks. We met at your BBQ in 2013 and discussed this!

[mcaguru]

You actually think they are going to make that move?

Don't bet against it! (at least not to much money)....I hear a few others are doing the same. they got the ISO's they got the capital and its funding business owners just a different product many MCA companies like windset was a leasing company its very common for finance companies to adjust and or add additional products...

[NewFunder80]

We got into this segment of the market by accident....we were marketing like crazy and no one wanted to fund any deal that was below B+ paper and considering 8 out of every 10 apps was below a B+ we needed to fund those other apps or the marketing spend would not justify itself. So we took some capital and tried to fund our own declines and here we are today!

Isaac,

How did it work out for you? Do you think it was a good decision to start funding your own deals?

[NewFunder80]

Not always is there a high return, I just had a $55k deal go bad after 3 payments.

Mark,

Seriously? That sucks. Do you plan to continue?

[MCNetwork]

Isaac,

How did it work out for you? Do you think it was a good decision to start funding your own deals?

Seriously?? Do you know who Isaac is? Let me Google that for you...

[NewFunder80]

Seriously?? Do you know who Isaac is? Let me Google that for you...

Well hello. No I do not know who Isaac is? Who is he?

[AlexSMF]

Well hello. No I do not know who Isaac is? Who is he?

He is Abraham's second son.

[MCNetwork]

You guys are clueless. He's the black bartender on Love Boat

[Jonathon]

You guys are clueless. He's the black bartender on Love Boat

bwahahahahahaa

[J.Celifarco]

Isaac,

How did it work out for you? Do you think it was a good decision to start funding your own deals?

WOW, when you say newfunder you mean really new.. I would say well to quite well but I guess I should let Isaac answer the question himself

[AlexSMF]

bwahahahahahaa

LOL good one.

[AlexSMF]

GodfreyKneller-IsaacNewton-1689.jpg I cant believe you never heard of Isaac.

[FUNd]

Seriously?? Do you know who Isaac is? Let me Google that for you...

Not everybody is familiar with YSC, or the owners. A lot of people jumping into MCA, accountants, equipment vendors, etc. I funded quite a few deals with them when I first started out and never had a reason to know who started the company, in fact, I just learned the other day who the founder of CAN was. Lol