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03-08-2015, 03:21 PM #1
- Join Date
- Sep 2014
- Posts
- 5
1st GLOBAL CAPITAL FINANCIAL SERVICES-Beware of Fraud
Charging an upfront underwriting fee is unacceptable. Lenders should stop doing business with brokers that do so. Same for fees charged by brokers after a deal got funded (I've seen up to 15% on the funding amount!!) Merchants are already having a hard time with the high rates, they should not get charged any other bs fees. Same for lenders that charge 10% for UCC , ACH,....fees on a 40%+ factor.
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