Replies to post #22611 on Ideal Financial Solutions, Inc.(fka IFSL)

[Charlie48]

and also as a result of this "marketer":

Following the second quarter of 2010, we learned that Visa had charged the credit card processor with a $707,500 fine associated with these chargebacks, which fine the credit card processor allegedly paid and for which it is seeking indemnification from us. Our agreements with this processor and other processors may be read to require us to reimburse the credit card processor for such fines, without any opportunity to intercede with VISA or otherwise defend against the claims. The $707,500 fine already imposed has significantly harmed our profitability and liquidity in the near term. Additional fines, particularly if substantial in size, would limit our ability to continue as a going concern.

[chickenvestor]

GEEEZE!They had to know when they use someone like this that this has to happen. Definately should deduct all fees paid to this marketing company due to the scamming nature and the bad image they project on IFSL. I have never accepted anything that was forced on me whether it was good or bad. This only damages thier reputation. Hopefully management has delt with the idiot that hired this scamming company.

[wsr81hays]

I hope with those leads, new customers, they can enact measures to prevent them from dropping after a month or two of service. This would help profitability tremendously. Ideas? Pass them on to Steve.