Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.
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Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.
yes email me me michaeladvance2100@gmail.com
I am not sure there is a real funder that funds defaults -- Defaults mean the merchant took capital and defaulted by intervening in the process of collecting a portion of the recevibles he sold there are few defaults that make sense -- there are remote cases when a single operator of a business collapses on vacation and 2 weeks later he calls the funder with monitors beeping in the background and gets back on track those cases many funders would fund. (unless the collapse was due to a new strain of heroin) otherwise its hard to believe that someone is actually funding merchants that defaulted when they chose not to honor the sale of receivables contract.
stop funding defaults and fund real paper
Last chance, New chance, Aj equity. Try one of them out, Good Luck!
WGF is doing a merchant recovery program for really high risk ****. I know the guy, which is the only reason I know this, but he will fund defaults (maybe exclusively). Same 1.499, 20 day program the other yahoos do though.
We fund defaults all day long!!! reach out to us
we aggressively fund previous defaults, submit to deals@mainstreetcash.com. PM me
Landmark will go out 50 days for defaults as long as the banks are there.
steve@landmarkfundgroup.com
Solomon from rely
Last Chance, New Chance, and Aj Equity can take a crack it. But advise not to even waste time on defaults like someone mentioned before.
Josh Kinder at Madison - josh@madisoncapitalfund.org
He really does fund defaults. I don't get it.
default lenders are all going to be the same but I funded 2 deals last week with landmark and honestly it was surprising how fast they got it done.. the kid Steve gave me 50 days which I was shocked …. you could give him a shot. - steve@landmarkfundgroup.com
cc
The idea of funding defaults is to cut down on the term to a 20 or 30 day deal, which decreases the risk since the term is extremely short. Once the merchant establishes a payment history many will stack and come into the deal.
This is a concept that has been tested and done for the last two years on a large scale. There are 100s of default deals that have been funded and many of them enjoy a second chance to get back into the game.
But.. no funder wants to lose money. These default shops take bigger risks for bigger returns but in the end if the deals go bad they will cut you off and stop the bleeding.
lol I don't understand why everyone is so against everyone else on here. I didn't know this would bring up controversy especially when by next week it's going to happen all over again with someone else new.
this thread was made for options for default lenders. if you don't want to use them you don't have to
I’ve actually funded with Landmark over the last month.
Best part was no stips other than DL & VC and commission was paid right away.
I came on here searching for a contact for Rely. Why? I have a merchant telling me he is getting texts for him to pay $500 in order for them to get a payoff. He paid the money - now they're ghost.
I DON'T DO DEFAULTS - it doesn't matter who the company is - Whatever "chance" or whatever type of "We fund default" you guys play YOU'RE ALL TRASH.
Seriously the suggested above people that others are giving you suggestions of HAVE NOT closed deals and just relay information that see on here. - Case in point
Calls Funder... funder says "We dont owe you any commissions" CLICK* but they sponsor.
F* out of here. I'm calling BS now.
Hi Alex
I fund defaults
Feel free to send me an email or call me at my direct line
Kate Blaine
ISO Relations
__________________________________________________ ________
8950 West Olympic Blvd. Suite 695
Beverly Hills, CA 90210
Direct: (424) 437-4372
Office: (424) 255-6248
kate@wellsadvance.com
www.wellsadvance.com
Mom and Pop business funding here. We specialize in unsecured working capital for small businesses. We go up to $1,000,000, and we fund these loans in 2-3 days. Not based on credit. (You can use the funds for whatever you want). Here's my link https://www.facebook.com/businessloa...usinessowners/ Let me know if i can help. Servicing in all 50 states
Lashelle Cobham
lashelle.mpbusinessfunding@gmail.com
(813)599-7048
Moshe from Custom Funding here!
We are a strong B/D funder with a focus on all position deals.
Very creative on the higher risk units. We can beat any dollar amount.
* Defaults welcomed
* Light stips.
* 12% max upsell.
Let me know when we can set up.
..
Nate from LINQFUNDING
10k min monthly deposits/ no limit on positions
B-,C,D Paper
offer weekly payments
only restricted industries: Financial Services & Law Firms
2ND Positions + (we don't fund first positions!)
WE PAY 12 POINTS ON EVERY DEAL
Commissions are paid on time
FAST APPROVAL AND QUICK RESPONSES
50% Owner can be funded
Feel free to reach out with any questions and deals
Nate Peterson
ISO Relationship Manager
P. 516-225-6707
nate@linqfunding.com
There are a lot of stories behind default files its not always so black and white. Either way at Infusion Capital we are give the highest dollar amount approvals for previous Defaults and other high risk files. Try us out for your self. Send all subs to drew@infusioncapital.org offers within 30 minutes funding same day.
Out of curiosity (3 years later, yes), but would you still vouch for them?
We have a merchant who's been paying like a champ
Phenomenal credit score, great rev, no defaults- why fund there you may ask?- Auto
The merchant insisted on moving with a "higher risk" option, although they knew they were most likely capable of better- so we proceeded
Not a missed payment, however, we literally chased the funder to continue on with the option they put out per the agreement. We literally pleaded with the merchant to hold off on stop payment request while simultaneously asking the funder to proceed with remainder of agreed upon so the merchant (although not one issue occurred on the merchants side), there was a major lack/delay in proceeding with their initial agreement (already funded, but remaining agreed upon was to be disbursed after initial was completed)
They refuse to pay commission, have sent MTD multiple times showing clean payment history with merchant and Madison- of course they receive notifications on their end regardless.
We have a reputation to keep, I have a reputation to keep, and is just straight thievery
A few things to point out here-
We have reached out for weeks inquiring before submitting this post
We were contemplating a new post, but figured we'd give benefit of doubt and hear from those that may have backed them in past
"Kevin", who we're well aware is the "rep" for Madison and many others (we choose not to name other DBAs or entity's[whichever of the two it may be]), we've decided to post solely with the entity/DBA we are having current issue with.
We have a mountain of email correspondence, SMS, etc. backing the above we're pointing out if need be
Bottom line- we got screwed after delivering a very promising merchant, promises from funder/"rep" to pay commissions, and much more to the story we're opting not to disclose. Again, if need be, we have the entire chain of events, but just wanting to shed light on this particular situation
End of day, we don't harp on circumstances like this. We don't have much time to chase, but for the blatantness, and our rep that busted their ass, felt it was necessary to release
Happy funding, All
This might be a good start for an introduction. We are a new funding company concentrating on b-d paper and we will even fund defaults as long as it's not within 6 months and they have it settled. We just started funding 2 months ago and we're looking to take on new ISO's but we are selective in who we work with.
If interested reach out to: Submissions@livfunding.com
these kids are a dime a dozen
We fund prior defaults. Bg@fundprollc.com.
We're your first choice for default deals.
Fast approvals, relatively long terms (90 - 120 days), minimal stips needed top fund (only DL and VC).
Contact me at the info in my signature to request our ISO Agreement and Underwriting Guidelines.
Steve @ landmark is legit.
I've seen some other copycat landmarks out there though.