[1StopFunding]

I received a marketing email from WBL yesterday (I'm already an ISO with them). The subject of the email read:
**NAMAA INITIATES NO STACKING POLICY FOR LENDERS**

Then it gets even more confusing because in the body of the email is their normal marketing offer that says ·

• LOWEST BUYRATES FOR 2ND POSITION
• · ZERO INDUSTRY RESTRICTIONS
• · SAME DAY PRE-APPROVAL
• · 2ND 3RD 4TH POSITIONS

Who is NAMAA?????????????????????????????

[MCNetwork]

I got the same email lol! NAMAA is a self-regulating group of cash advance funders and credit card companies that share information on deadbeat merchants and scam artists to protect one another from unknowingly funding one of these companies. Membership consists of some (but not all) of the larger industry players.

[1StopFunding]

Ah...thank you MCN!

[Ryan Shiroky]

North American Merchant Advance Association

[Ryan Shiroky]

I'm sorry... but WBL does some nasty things.... if you have poor credit, they will want you to back the loan with your HOUSE... then, they will give you WAY too much and over extend you... they want 4 to 1 collateralization for a loan where if your asset has 100K in equity they will value it at $60K which qualifies you for $15K.... GRIMEY!!!

snake oil...

[isaacdstern]

Can someone please post the body of the email

[Ryan Shiroky]

also, NAMAA has ALWAYS been against stacking... that is nothing new... most lenders that are a part of NAMAA wont even do a deal if there are 2 open balances at the time...

[1StopFunding]

Isaacdstern,
Here you go. I took out reps name and number.

SUBMIT YOUR DEALS TO @wbl.com OR CALL 212-220- AND EARN 14 POINTS !



cid:image001.png@01CF4E88.DA031E70



THE WBL ADVANTAGE

· LOWEST BUYRATES FOR 2ND POSITION

· ZERO INDUSTRY RESTRICTIONS

· SAME DAY PRE-APPROVAL

· 2ND 3RD 4TH POSITIONS

· HIGHEST APPROVAL AMOUNTS IN THE INDUSTRY

· NO MINIMUM FICO

· SECURED & UNSECURED OFFERS ON EVERY DEAL

· MINIMUM 6 MONTHS IN BUSINESS

· WE PAY OUR BROKERS WITHIN 48 HOURS





Regards,

[Capital Stack]

Hey JBrown your an officer of NAMMA and member can you advise.

thx

I received a marketing email from WBL yesterday (I'm already an ISO with them). The subject of the email read:
**NAMAA INITIATES NO STACKING POLICY FOR LENDERS**

Then it gets even more confusing because in the body of the email is their normal marketing offer that says ·

• LOWEST BUYRATES FOR 2ND POSITION
• · ZERO INDUSTRY RESTRICTIONS
• · SAME DAY PRE-APPROVAL
• · 2ND 3RD 4TH POSITIONS

Who is NAMAA?????????????????????????????

[jbrown]

This is all WBL. Nothing to do with us. Got our attention too.

[NCL]

WBL does not pay 14 points, they want to pay 4 points.

Isaacdstern,
Here you go. I took out reps name and number.

SUBMIT YOUR DEALS TO @wbl.com OR CALL 212-220- AND EARN 14 POINTS !



cid:image001.png@01CF4E88.DA031E70



THE WBL ADVANTAGE

· LOWEST BUYRATES FOR 2ND POSITION

· ZERO INDUSTRY RESTRICTIONS

· SAME DAY PRE-APPROVAL

· 2ND 3RD 4TH POSITIONS

· HIGHEST APPROVAL AMOUNTS IN THE INDUSTRY

· NO MINIMUM FICO

· SECURED & UNSECURED OFFERS ON EVERY DEAL

· MINIMUM 6 MONTHS IN BUSINESS

· WE PAY OUR BROKERS WITHIN 48 HOURS





Regards,

[Ryan Shiroky]

NCL,

No, they will pay ISO's up to 14 points, they will give you a buy rate. If you have never done business with them, they will low ball you in the ISO agreement. Don't take "no" for an answer. You know what they pay...