Results 1 to 16 of 16
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01-18-2023, 06:42 PM #1
- Join Date
- Aug 2021
- Posts
- 157
Rapid Finance back dooring ?
Sent a file to rapid first week of January.
Got a response declined for eligibility reasons
Two weeks later I find out the merchant got funded for $110,000 by them !!
What is going on ???
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01-19-2023, 08:57 AM #2
More & more I am starting to question the broker society......
Why do the angry ones always leave out the important details?
Karen's writing bad reviews about Target are more detailed than the people complaining here. (With the exception of the few reputable people on here)The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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01-19-2023, 10:06 AM #3
- Join Date
- Aug 2021
- Posts
- 157
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01-19-2023, 10:25 AM #4
Eligibility reasons?
That could be many things. Here are a few examples:
-Signed contracts already in with another broker
-Flag for defaults, criminal, poor payment history, ect.
-Previously declined in less than a certain timeframe that your submission fell on (30 days or less)
You can already see that your Merchant clearly worked with multiple brokers.
Did Rapid call your Merchant directly and took the deal from you? If so, what proof do you have?
Oh, and it's Rapid. Let me repeat, Rapid...
One of the top & most reputable in the game.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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01-19-2023, 12:21 PM #5
- Join Date
- Aug 2021
- Posts
- 157
My point is if they declined it for that On Jan 4
And it gets funded by them on 1/12
What did i miss?
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01-19-2023, 12:25 PM #6
- Join Date
- Jul 2015
- Posts
- 207
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01-19-2023, 12:41 PM #7
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01-19-2023, 12:43 PM #8
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01-19-2023, 12:46 PM #9
- Join Date
- Aug 2021
- Posts
- 157
yeah i did they dont know what happen....
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01-19-2023, 12:48 PM #10
- Join Date
- Feb 2018
- Posts
- 1,349
what did they say when you asked how your sub got declined and they funded them two weeks later? what was the eligibility decline?
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01-19-2023, 12:49 PM #11
- Join Date
- Aug 2021
- Posts
- 157
Flag for defaults, criminal, poor payment history, wasn't obviously the case since he got funded
What's the excuse to get declined and two weeks later to get funded by them.
I'm fully aware he was working with multiple brokers.
I just would like to know what happened is all
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01-19-2023, 12:49 PM #12
- Join Date
- Aug 2021
- Posts
- 157
Apparently they dont know what happened talking to the funding manager
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01-19-2023, 12:53 PM #13
Then address that with Rapid.
To post your accusation can cost you your ISO Agreement to be terminated if they uncover what you are doing and put 2 and 2 together.
No fact, just speculation will get eaten alive here.
I apologize if I come off as rude. Posts like yours come often and they have little to no validity.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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01-19-2023, 12:55 PM #14
- Join Date
- Feb 2018
- Posts
- 1,349
Robinhood, you got hoodwinked. one of their close iso brokers got the cake. if your story is valid.
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01-19-2023, 01:22 PM #15
- Join Date
- Jun 2015
- Posts
- 3,317
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01-19-2023, 02:13 PM #16
- Join Date
- Aug 2021
- Posts
- 157
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