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  1. #1
    Senior Member Reputation points: 24139
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    Quote Originally Posted by mcaguru View Post
    Carl I don't have time to read that now.

    Let me be clear. I saw a breakout capital contract Was a 1.44 over 100 and a fraction days with an origination fee and a fixed daily payment.

    I don't know the legality of putting up the contract.
    Email it to me, you have my email. Again, there is nothing inherently wrong with high cost, short term deals -- it's the cycling that is business crushing.

    You also PM'd me saying "one of your ISOs claims they saw that contract" -- if you have it, send it to me. If it exists, I'll figure out the background and gladly share it with the forum.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  2. #2
    Senior Member Reputation points: 307559
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    3,325

    Quote Originally Posted by Cfairbank View Post
    Email it to me, you have my email. Again, there is nothing inherently wrong with high cost, short term deals -- it's the cycling that is business crushing.

    You also PM'd me saying "one of your ISOs claims they saw that contract" -- if you have it, send it to me. If it exists, I'll figure out the background and gladly share it with the forum.
    i feel that is what causes half the stacks . as a broker there is plenty of times i can win a deal with giving them a stack as it comes out cheaper . had a merchant the other month that his "a" lender had him on a 1.26 9 months but needed to pay double on his 20k balance . it was way cheaper just doing a 7 month second for 20k at a 1.38 .
    i wonder if lenders calculate that when they make the greedy calls . Also lenders who offer an early pay off discount only if you use them have the right idea , look at the post the other day with quickbridge how the rep cant move him away because he wants the discount

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