Results 1 to 6 of 6
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09-27-2016, 03:29 PM #1
Reputation points: 5023
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Beware of Powerup
Powerup and Charlie Mayo yet again attempting to go direct to clients I placed with them to avoid commissions. Sorry Charlie. lol.
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09-27-2016, 03:33 PM #2
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
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09-27-2016, 03:35 PM #3
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
But in that regard, most lenders have that right to reach out to the clients they funded for renewals as per the ISO agreement. Now, if they fund said renewal merchants and didn't pay you whats rightfully yours thats a different ball game. Either way, transparency is key.
I just had a deal renewed without me knowing and got an unexpected commission check, not happy about not being involved in the process but its in the ISO agreement and they paid me next day.
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09-27-2016, 04:21 PM #4
Reputation points: 5023
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
But that's what happened. They funded a second time and didn't pay us. Now they are tring to do it a 3rd time. Luckily the client is in my pocket. They refused to pay on the second. I moved the client now.
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09-27-2016, 04:47 PM #5
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
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09-27-2016, 06:04 PM #6
Reputation points: 3824
- Join Date
- Oct 2014
- Posts
- 257
Beware of Powerup
Power up has pulled back big time. The defaults definitely caught up to them.
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