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12-15-2016, 10:20 AM #1
Misusing the NAMAA list?
Anyone else find lenders misusing the NAMAA list as a retention tool? We just had a 2 day ordeal where one of the largest lenders in the cash advance world NAMAA tagged a merchant, then blatantly lied verbally twice that the merchant was in default when called to confirm only to find out the merchant was never in default and never even missed a single payment. It took proper ISO work like getting a pay history and getting the right people on the phone etc. to get his lender to finally admit "they made a mistake". Only in this industry.
Anyone else running into perfectly good merchants NAMAA tagged for the purpose of retention? Just curious how wide spread that practice really is.
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12-15-2016, 10:24 AM #2
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yes i had it once also . A lender namaa listed someone as fraud and then funded that a merchant a week later . The particular lender it happened with has a very good reputation and i do believe it was an honest mistake.
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12-15-2016, 11:58 AM #3
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David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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12-15-2016, 12:08 PM #4
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12-15-2016, 12:09 PM #5Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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12-15-2016, 12:13 PM #6
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David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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12-15-2016, 12:41 PM #7
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-15-2016, 12:56 PM #8
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David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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12-15-2016, 01:27 PM #9
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12-15-2016, 01:35 PM #10John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-15-2016, 02:17 PM #11
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12-15-2016, 02:38 PM #12
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12-15-2016, 02:43 PM #13
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12-15-2016, 03:40 PM #14
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"Yeah, we stacked him, but we don't want to be stacked by anyone else."
Replace "stacked" with "f**ked" and it's much more entertaining.
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12-15-2016, 04:51 PM #15
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12-15-2016, 04:51 PM #16
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David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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12-15-2016, 05:04 PM #17
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Its funding a merchant.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-16-2016, 12:34 AM #18
Misusing the NAMAA list?
Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack!
Last edited by CO1; 12-16-2016 at 12:37 AM.
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12-16-2016, 12:38 AM #19
Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack!
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12-16-2016, 10:21 AM #20
lipstick on a pig its a stack and I would have a lot more respect for people who did it if they owned up to what it is and just said we dont care if we screw over the 1st position bank we dont care if we f*ck the merchant all we care about is making our money.. say that and I will have more respect.. It is not funding a merchant the person who got there first did that
There are some second position deals that make sense they are still a stack but they make sense and dont kill the merchant or the first position funder. That said anyone who thinks a 2 month 1.45 or 3rd or 4th position actually helps a merchant you are crazyLast edited by J.Celifarco; 12-16-2016 at 10:23 AM.
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-16-2016, 10:46 AM #21
Misusing the NAMAA list?
My visa stacked on my mastercard. My second mortgage stacked on my first mortgage. My wifes auto loan stacked on my auto loan. My student loans stacked on ALL of them! Happy Friday!!!!!
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12-16-2016, 10:54 AM #22
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My Crate and Barrel card stacked on my Home Depot card stacked on my Bloomingdale's card stacked on my Chase Sapphire VISA stacked on my American Express stacked on my Discover Card stacked on my Verizon Wireless bill stacked on my...
Stacking is the American Way. Don't be ashamed of it. Own the term!
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12-19-2016, 10:07 AM #23
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LMAOOOOOOOO!!!! STACK STACK STACK k! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack! Stack!
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