To all Brokers and ISO's who work very hard to creat and keep their Cash Advance Merchants..
I started doing Business with Yellowstone Capital in Dec. and was active in submitting my deals to them. I didnt know at the time that they are a BROKER and not DIRECT LENDER as they represented themselves to me. I established a Relationship with DESMOND MILLER who was my assigned Rep. He started out with OK customer Service but that quickly changed.
I asked his Managing Partner, ISAAC STERN to please assign me to someone else.
I was renewing several of my clients at this point, and called Steve to ask for my Balances.
THe next thing i know, is DESMOND MILLER called 3 of my Clients and renewed them for Yellowstone, and told my clients that I work for them, and they will automatically renew them and also raised their Advance Amounts. These transaction took $3700.00 out of my pocket.
I was so upset, I called Isaac Stern who is the owner of this Company, and told him what happened, and he did NOTHING!!!.
My understanding is that they are nothing but a BIG ISO and they will NOT PROTECT you in anyway, They will Steal your business. All they do is BROKER your deals out!
So if you want to keep your Merchants and keep your renewals and keep your HARD EARNED
MONEY in your pocket, NEVER USE THIS COMPANY. Yellowstone capital llc. Based on Pearl Street, in New York, New York. Stay away!!!
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