Results 1 to 8 of 8
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08-23-2017, 03:54 PM #1
- Join Date
- Jun 2017
- Posts
- 29
Looking for a lender who doesnt do coj and no bank login
have a merchant requesting no bank login or coj on a second position and he has good credit.
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08-23-2017, 04:19 PM #2
What about Decision Login or 3 way bank verification? Are those options? How big are you looking to go?
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08-23-2017, 08:00 PM #3
- Join Date
- Aug 2014
- Posts
- 620
Looking for a lender who doesnt do coj and no bank login
I came across a merchant who would not sign a coj or do log in but had a cash advance company pulling. They actually edited the daily cash advance pulls into the bank statements that were sent in. With Certain banks it's easy to listen to transaction history on their automated system with info that's on the app, that's how I figured out it was fraud. If they're not willing to give up log in or decision logic don't waste too much time with them, it's almost always fraud from my experience.
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08-23-2017, 08:22 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
What Anthony said.
When merchants make these demands, you have to ask yourself, "Why?" You're never going to get a good answer as to why they are making these demands. At least not a logical one. So just assume fraud.
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08-23-2017, 10:12 PM #5
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
I have came across that a lot as well and most of them had Swyft payments coming out....
The deal can get done without a COJ but no bank log in on a second is not going to happen
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08-24-2017, 12:43 PM #6
- Join Date
- Jul 2017
- Posts
- 105
Its a Fraud deal, I have done 2 in the past and they both defaulted. Go to Next deal
Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
D. 516-667-6817
paul@coolidgecapital.com
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08-24-2017, 06:17 PM #7
- Join Date
- Jan 2014
- Posts
- 1,374
anytime they make those two demands they will almost always say "they got their identity stolen in the past and don't trust anyone now with their banking info".....its always fraud..always.
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08-29-2017, 07:46 AM #8
- Join Date
- Apr 2016
- Location
- Miami, FL
- Posts
- 54
That's a super red flag my friend!
Krystal Diaz
President
Diamond Capital Finance
Email: krystal@diamondcapitalfinance.com
Direct: 305-741-4608
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