[happysales]

I talked to a guy that is working with a company called corporate debt advisors to settle out a couple of cash advance debts, he's already in the program with them so there's nothing that can be done but does anyone know if that company is actually going to follow through and help this company?

How is having your credit ruined going to help ? You can be sure that these "renegotiations" will show up as defaults and merchants credit will be harmed, as it should be if they don't want to pay what they agreed to pay.

[soccercoach]

How is having your credit ruined going to help ? You can be sure that these "renegotiations" will show up as defaults and merchants credit will be harmed, as it should be if they don't want to pay what they agreed to pay.

Not sure, the merchant just basically said that he was working with brokers and within a year he was over leveraged, he came across a slow period and couldn't keep up with his payments, the lenders wouldn't budge on helping him for longer than two weeks and every time they did help they would charge even more fees for payment help and next thing he knew one of the brokers he was working with recommended that company. She told the merchant that this will cut those payments in half and that she could loan to him again in a few months after the company was making consistent payments but that the loan amounts would be lower.

[ridextreme]

She told the merchant that this will cut those payments in half and that she could loan to him again in a few months after the company was making consistent payments but that the loan amounts would be lower.

She is full of ****. No one can cut those payments in half, and she further lied by saying she will lend to him again in a few months. Really?

All those companies do is instruct the merchant to default on the loans by blocking the payments then they "try" to negotiate a discount. There is no guarantee any of the funders will cooperate. And no, he will never be able to borrow money again.