[CraaaCraaa Radio]

Carl,

They see you as "difficult" because of the tighter underwriting guidelines( and fewer approvals ) because you are A "plus"paper. Not the difficulty of sending the application ( once you get everything uploaded you hit send...just type in different funders email address). Or your CRM system sends it out with a hit of a button...you just choose which button

Tighter guidelines and more stips -=A paper-=better rates.
( and that's the way it should be)

And again for those who didn't see ( standard applications with no company name on it= more chances for backdooring.)That application will be passed around like candy to kids at a carnival, everyone claiming its theirs...I've seen applications where it was clear that someone chopped off the top of the application and photoshop their company name on it or just patched together photocopied it).

I have a compliance rule that we always get a new application with our company name on it, even if the other was blank and dated within 30 days. No one should ever allow noncompany specific application, nondifferrencieted...it opens up a new can of worms..people pulling credit all over the place.



Fishing in the wrong pond


The benefit of doing business with your company and companies like yours is getting the A-plus paper great rates and safety of knowing you are not being backdoored.

There will be low approval ratios and lower submissions,...smaller market of people who are just below banking grade but slightly above mca, who actually want/need money.

They are also harder to close because they are not "desperate" and can go anywhere they choose..."Close" meaning get the initial documents in and application ( thats the hard part)

which is why some salespeople "pot shi*" saying" i closed so and so much a/b paper", its way harder to do ...and sometimes not worth it

This thread is not strictly about Breakout, it was created to help users/members know what banks and or lenders are still available via the funders directory of debanked. I am quite sure that Breakout will continue to fund and will continue to offer stellar programs to borrowers and the Iso's that submit. Me saying hard to get approvals doesn't equate to they are not a good lender. It means call breakout speak to the ISO department and learn the product. That should be done with all lenders that are signed up. How can you be competitive if you don't know the ins and outs of the financial product.

[Karen37a]

This thread is not strictly about Breakout, it was created to help users/members know what banks and or lenders are still available via the funders directory of debanked. I am quite sure that Breakout will continue to fund and will continue to offer stellar programs to borrowers and the Iso's that submit. Me saying hard to get approvals doesn't equate to they are not a good lender. It means call breakout speak to the ISO department and learn the product. That should be done with all lenders that are signed up. How can you be competitive if you don't know the ins and outs of the financial product.

World of MCA ....Carl asked a question. I answered it.

People offered solutions and commentary. I am stating what I know first hand from my perspective in regards to the specific comments and solutions that were offered...some are off target

That has nothing to do with you posting a helpful list of Funders and a general description of what you think they specialize in...and its not an exact science. You were posting information to be helpful.

[CraaaCraaa Radio]

World of MCA ....Carl asked a question. I answered it.

People offered solutions and commentary. I am stating what I know first hand from my perspective in regards to the specific comments and solutions that were offered...some are off target

That has nothing to do with you posting a helpful list of Funders and a general description of what you think they specialize in...and its not an exact science. You were posting information to be helpful.

That's all it's about helping your fellow brethren