[killerspin]

To put things in perspective here is what we are owed in total:

$7,000 Commission on Funded MCA
$4,588 in participation money for MCA's Paid In Full last month
$11,195 Right To Receive from MCA participation
$4,905.48 Commission on Funded MCA
TOTAL $27,688.48

Now the issue I also have with this situation is our Syndication numbers are as follows: Average Factor 1.52, Average Term 1.9 Months So simply the $7,000 commission being 30 days late cost us $1,820. Not to mention everything else... As this continues to drag out the loss continues to compound further. Not to mention the time wasted on the situation, the demoralization of the sales rep etc.

Just an outside perspective here but if those are the types of deals you are funding with them then it’s safe to say your money is bye bye. The defaults caught up with them. 1.50 40 day deals don’t last forever.

On a side note if they can’t pay you 27k in commissions then idk what they use to fund deals. The well is dry.