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  1. #1

    Im Confused

    As I see all these posts and comments showing hate towards Yellowstone I find it confusing. Yellowstone like it or not has helped all of us earn more money. I started in this industry over a decade ago when you only had firsts and had to wait for a guy to be 50% paid off in order to fund. Without the stacking deals much less money would be earned and alot more marketing would be spent. Im sure YS will get thru this. Every year we hear about regulation coming but it never does. The best way to regulate this industry is from within. Filter out the predatory Lenders and Brokers. Good Luck to everyone reading this. Lets make alot of money and keep this industry going as long as we can !!!

  2. #2
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    i'm going to start using the the term predatory for everything... i paid for a predatory cup of coffee the other day 5 dollars for some espresso, got me.. got a predatory slice of pizza too for 5 dollars, i was too hungry should have ate breakfast... paid for some predatory sneakers 220 dollars, damn... predatory tshirts are going for 50-75 dollars a piece now... man i'm just a CONSUMER .... AG should be going after these businesses for predatory products... when you're in business you are held to a higher standard... it's kill or be killed, sell or be sold... all the stuff going on is not about predatory lenders or usury rates, it's about over aggressive collection tactics and fraudulent docs...

  3. #3
    Well Don Dolla I hope you make alot of money in 2019 so you can continue to buy all those items ...btw 2 slices of a good pizza for $5 isnt bad ...

  4. #4
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    small businesses are the real predators.. lol outrageous , i'm going to amazon..

  5. #5
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    Quote Originally Posted by Don Dolla View Post
    i'm going to start using the the term predatory for everything... i paid for a predatory cup of coffee the other day 5 dollars for some espresso, got me.. got a predatory slice of pizza too for 5 dollars, i was too hungry should have ate breakfast... paid for some predatory sneakers 220 dollars, damn... predatory tshirts are going for 50-75 dollars a piece now... man i'm just a CONSUMER .... AG should be going after these businesses for predatory products... when you're in business you are held to a higher standard... it's kill or be killed, sell or be sold... all the stuff going on is not about predatory lenders or usury rates, it's about over aggressive collection tactics and fraudulent docs...
    Here you go: http://zimmerli-us-en.shopgate.com/i...oogle_shopping

  6. #6

  7. #7
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    Quote Originally Posted by Don Dolla View Post
    i'm going to start using the the term predatory for everything... i paid for a predatory cup of coffee the other day 5 dollars for some espresso, got me.. got a predatory slice of pizza too for 5 dollars, i was too hungry should have ate breakfast... paid for some predatory sneakers 220 dollars, damn... predatory tshirts are going for 50-75 dollars a piece now... man i'm just a CONSUMER .... AG should be going after these businesses for predatory products... when you're in business you are held to a higher standard... it's kill or be killed, sell or be sold... all the stuff going on is not about predatory lenders or usury rates, it's about over aggressive collection tactics and fraudulent docs...
    Haha This was a great post!

  8. #8

  9. #9
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    i didn't buy the tshirts... gotta draw the line somewhere

  10. #10
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    whatever the reason be, everyone needs to figure out how they plan to stay in business when COJ's are no longer able to be used.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
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    Email: john@horizonfundinggroup.com

  11. #11
    One thing great about this industry is that it seems to find ways to evolve. Im looking forward to see what is on the horizon.

  12. #12
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    Quote Originally Posted by J.Celifarco View Post
    whatever the reason be, everyone needs to figure out how they plan to stay in business when COJ's are no longer able to be used.
    It’s going to go back to how things were like 3 years ago before COJs started taking over. I remember the first time I saw a COJ was thru EBF on a renewal. I was shocked. I was like, “how am I supposed to ask my client to sign this?”

  13. #13
    Quote Originally Posted by WestCoastFunding View Post
    It’s going to go back to how things were like 3 years ago before COJs started taking over. I remember the first time I saw a COJ was thru EBF on a renewal. I was shocked. I was like, “how am I supposed to ask my client to sign this?”
    I got cursed out and lost my first few approvals that had COJ`s lol

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    Quote Originally Posted by Fundingfordollars View Post
    I got cursed out and lost my first few approvals that had COJ`s lol
    Haha. To me, presenting a COJ to a merchant was a lot like a police officer notifying a a victim’s family of a death. The first ones were so uncomfortable, but after that it became so routine.

    With that having been said, I think in the past 3 years I’ve only had 2 people turndown offers because of a COJ. One of them asked me some really good questions, one of which is: “what are the triggering events, in detail”?

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    Quote Originally Posted by WestCoastFunding View Post
    Haha. To me, presenting a COJ to a merchant was a lot like a police officer notifying a a victim’s family of a death. The first ones were so uncomfortable, but after that it became so routine.

    With that having been said, I think in the past 3 years I’ve only had 2 people turndown offers because of a COJ. One of them asked me some really good questions, one of which is: “what are the triggering events, in detail”?
    as a broker, you really can't answer that question because you have no idea what YSC or any other coj funder really will do in their collections. you can try and explain as best as possible, but, now knowing merchants banks have been drained, will you continue to push cojs?

  16. #16
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    Quote Originally Posted by Fundingfordollars View Post
    As I see all these posts and comments showing hate towards Yellowstone I find it confusing. Yellowstone like it or not has helped all of us earn more money. I started in this industry over a decade ago when you only had firsts and had to wait for a guy to be 50% paid off in order to fund.!
    I remember those days. Back then the great majority of my merchants renewed. Some for 3-4 years. Not knocking YSC at all, as I’ve made a ton of money off them. They always had their place. Just pointing out that the stackers also hurt renewals.

  17. #17
    Its crazy how the industry has changed since then. Hard to keep a client loyal no matter how good you treat them.... they will take an offer from anyone now a days

  18. #18
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    "The best way to regulate this industry is from within. Filter out the predatory Lenders and Brokers"


    the time for that has passed the ugly in the industry obv cant be cleaned hence the reason all these articles are out

  19. #19
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    the press has had its effects, the last few deals merchant's asked us if a COJ was necessary.

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    ^ Frame This

  21. #21
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    Quote Originally Posted by Fundingfordollars View Post
    As I see all these posts and comments showing hate towards Yellowstone I find it confusing. Yellowstone like it or not has helped all of us earn more money. I started in this industry over a decade ago when you only had firsts and had to wait for a guy to be 50% paid off in order to fund. Without the stacking deals much less money would be earned and alot more marketing would be spent. Im sure YS will get thru this. Every year we hear about regulation coming but it never does. The best way to regulate this industry is from within. Filter out the predatory Lenders and Brokers. Good Luck to everyone reading this. Lets make alot of money and keep this industry going as long as we can !!!
    account 6 days old, and you have 6121 reputation points, how is that possible?

  22. #22
    Quote Originally Posted by Davincinc View Post
    account 6 days old, and you have 6121 reputation points, how is that possible?
    lol 8 comments must be Jesus speaking

  23. #23
    Quote Originally Posted by Davincinc View Post
    account 6 days old, and you have 6121 reputation points, how is that possible?
    Ive always read this blog / site but never posted or replied before because of negative people like you ... I dont know why or care about those points but I guess you seem to care ... all I care about is keeping up with what I need to know in the industry ... I opened an account 6 days ago because it became a requirement then ...

  24. #24
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    Quote Originally Posted by Fundingfordollars View Post
    Ive always read this blog / site but never posted or replied before because of negative people like you ... I dont know why or care about those points but I guess you seem to care ... all I care about is keeping up with what I need to know in the industry ... I opened an account 6 days ago because it became a requirement then ...
    asking a question is not being negative, its called inquisitive and for you to be defensive about having to create an account make me wonder.... So asking no questions, you get blind assumptions.

    So now that my "negativity" inquire triggered you. What are you about? and why would you not create an account with a DECADE of "experience" earlier?

  25. #25
    Quote Originally Posted by Davincinc View Post
    asking a question is not being negative, its called inquisitive and for you to be defensive about having to create an account make me wonder.... So asking no questions, you get blind assumptions.

    So now that my "negativity" inquire triggered you. What are you about? and why would you not create an account with a DECADE of "experience" earlier?
    Positive Vibes Only ...Good Luck to you and your business !!!!

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