[wallerbusiness]

Ok brokers and funders. Who the hell is this?! They sent this to my email . I just copied this word for word! From the email that I just received. Who is this company and where did they come from!



We pay 4% of total outstanding debt
For example merchant has 4 advances with total
200k MCA balance you will make 8k!!!
100% anonymous
WE WANT YOUR DEAD DEALS
WE WANT ALL OF YOUR DENIED SUBMISSIONS
WE WANT YOUR MERCHANTS THAT DEFAULTED
WE WANT YOUR MERCHANTS THAT LOWERED PAYMENTS
WE WANT YOUR MERCHANTS THAT ARE OVER-LEVERAGED
WE LOWER AND RESTRUCTURE MERCHANT PAYMENTS FROM DAILY TO EITHER WEEKLY OR MONTHLY PAYMENTS

Email us today for more info
apply@settlemycashadvance.com
settlemycashadvance.com

--
All the best
ISO Department
Apply@settlemycashadvance.com

Ph 516-636-0943
Fax 516-706-0922
Senior account specialist
Settle my cash advance

70 East Sunrise Highway, Suite 500 Valley Stream 11581

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.

[wallerbusiness]

You cant settle cash advances. These are not LOANS!

[Michael I]

forget the ethics for a second , how can you trust someone to pay you ,when there job is to screw people

[wallerbusiness]

Thats my thoughts. I direct lend on some deals and if they ever are in default I normally work something out with them until things get back on track. It takes a lot for me to file the judgment. I never had to do it (knocking on wood). However these guys are criminals in the making.

[happysales]

Shouldn't these guys be vulnerable to lawsuits? Any reason this wouldn't be considered tortious interference? Especially if they are contacting merchants and/ or direct funders sales teams?
I hope they can be shut down.

[Andy]

LONG ISLAND OFFICE
Apex Legal Funding, LLC
70 East Sunrise Highway, Suite 500
Valley Stream, NY 11581
516-323-8540
516-405-4536
jake@apexlegalfunding.com


Apex legal funding is listed at that same address.

[Karen37a]

I received a phone call from 3 of them in the last few weeks.

Most if not all lenders will lower the payments for a Merchant that's in trouble and work with them directly.


There is a solution to it.

[WestCoastFunding]

Got the same email.

I'm going to create a new email address and blast-out a similar email soliciting consolidations. Anyone that responds seeking to work with my pretend consolidation program will have their info posted and be put on blast.

Now, I may or may not send out a similar email blast. But, before responding to future solications, keep in mind: it may be one of us waiting to catch your ass.

Respond to these ****ers at your own risk.

[MCNetwork]

It's one thing to go after merchants in good standing but if these guys can get some money back from a funder's defaulted merchants, is that really a bad thing?

[jotucker1983]

Companies like these are nothing but Brokers who are no longer able to generate revenues to sustain their office, so they literally switch up their marketing plan.

- You can only stack so much

- You can only get "so much" out of calling UCCs/Aged Leads when everybody else is calling them

The mass of quality new apps are coming from exclusive data, huge marketing budgets, online submissions, and strategic networks......all of which are controlled by the medium/large funders, lenders, and brokerages.

The little guy can't get ahead anymore lol. These companies are nothing but the little guy trying to make another dollar, when he should honestly pack his bags and leave the industry, or consolidate his efforts into a larger house.

[J.Celifarco]

Companies like these are nothing but Brokers who are no longer able to generate revenues to sustain their office, so they literally switch up their marketing plan.

- You can only stack so much

- You can only get "so much" out of calling UCCs/Aged Leads when everybody else is calling them

The mass of quality new apps are coming from exclusive data, huge marketing budgets, online submissions, and strategic networks......all of which are controlled by the medium/large funders, lenders, and brokerages.

The little guy can't get ahead anymore lol. These companies are nothing but the little guy trying to make another dollar, when he should honestly pack his bags and leave the industry, or consolidate his efforts into a larger house.

100% brokers who can't afford marketing go to this because now they can call UCC and get people to talk to them because they are calling about something different then the other 1000 brokers who are calling the UCC's

[Chambo]

I just got off the phone with a merchant who was directed to one of these companies. Once I explained to him how it really goes down, that his debts are not just magically being cut down, and how that settlement company is paid, he turned our ACH back on

[J.Celifarco]

yes but is it a conversation you should have to be having.. An entire industry is growing on finding ways to screw us and the banks that fund out deals.. Something seriously needs to be done about this

[Andy]

yes but is it a conversation you should have to be having.. An entire industry is growing on finding ways to screw us and the banks that fund out deals.. Something seriously needs to be done about this

http://legalnewsline.com/stories/511...ling-merchants

Funders are doing something about it already, and I'm sure many more lawsuits to come..

[TedFundy]

Why not just BK the business, start a new LLC or INC, open a new bank account, and keep working under the different name?