"High Risk" Cash Advance" -- Nerd Wallet Article
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  1. #1
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    "High Risk" Cash Advance" -- Nerd Wallet Article

    Why are you constantly trying to vilify the game? We all don't come from privileged backgrounds like you and some started from nothing to build empires that employs hundreds of hardworking go getters. A few bad apples don't represent the whole industry, you wish you could fund a half billion in a year! Stop the hate and go close some deals!

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    Quote Originally Posted by MCABroker View Post
    Why are you constantly trying to vilify the game? We all don't come from privileged backgrounds like you and some started from nothing to build empires that employs hundreds of hardworking go getters. A few bad apples don't represent the whole industry, you wish you could fund a half billion in a year! Stop the hate and go close some deals!
    No one is vilifying anything. Being "privileged" doesn't have anything to do with doing ethical business and having merchants' best interests in mind.

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    Quote Originally Posted by kpeng View Post
    No one is vilifying anything. Being "privileged" doesn't have anything to do with doing ethical business and having merchants' best interests in mind.
    and how is that defined ? i am not taking sides here but just curious as a high risk lender that you are what is the definition of taking care of a merchant . if someone comes to you do you make sure he can not find a better approval with carl for example .

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    MCA Broker -- who are the "few bad apples"? This wasnt a knock on brokers, this is a point to validate what I am saying about the many of the "high risk companies" (though there are several that are doing business the right way). We as an industry do need to come together, but more and more people are seeing the YSC videos and getting a better understanding their product. And you are right, the "bad apples" are a sliver of the market (YSC's 200MM funded last year is a fraction of the total market).

    You can knock on me all you want. But I did build my company from scratch and we are doing quite a bit of business, and doing it all the "right way".
    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

  5. #5
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    Quote Originally Posted by MCABroker View Post
    Why are you constantly trying to vilify the game?
    Therein lies the problem. This "game" does need someone else to vilify it. The "game" seems to be doing just great vilifying itself. Every mortgage washout and securities trader that got their license yanked is in the "game". Given the low barriers to entry and lack of regulation, there are more bad apples than good in the "game" right now trying to take profits in any way they can and get out quick.
    "Nobody can make you feel inferior without your consent." -Eleanor Roosevelt

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