[fma123]

Isaac, you're a big player in this game. How do we stop this, it is a problem...cant something be written in the contract or add an addendum where merchants are not allowed to speak to these disruptors in the space?

Also it should be our job now right before a deal funds to warn merchants about these companies. lets face it there will be no law to stop these debt relief chumps.

[BrennanCapitalPartners]

Isaac, you're a big player in this game. How do we stop this, it is a problem...cant something be written in the contract or add an addendum where merchants are not allowed to speak to these disruptors in the space?

Also it should be our job now right before a deal funds to warn merchants about these companies. lets face it there will be no law to stop these debt relief chumps.

I speak on this matter with all my clients, especially if they have two or more positions. I even go as far as to tell them it is bettter to wait and pay down a position if it's going to hurt them to take another. If you think about it , an ISO/Lender can easily figure this out with simple math and avoid the growing of said debt relief companies. I believe we are creating them with excessive stacking. If we can find none traditional sources for finding our clients, we can avoid over stacking ( hence creating a need for these companies ).How many small businesses are there? In 2010 there were 27.9 million small businesses, and 18,500 firms with 500
employees or more. Over three-quarters of small businesses were nonemployers; this number has trended up over the past decade. We need not to be sharks chewing on the same dead whale. We as ISOs/Hybrids are hurting our lenders with excessive stacking, creating high sell rates and bringing bad publicity to our market. There is a better way! Instead of ISOs/Lenders who are great contributors to our industry closing doors, let's make them feel the same sting.