[joannabeans]

I am sort of newbee here so be nice.. lol I have a merchant who has 2 advances and in September his bus bank account got closed for 'no apparent reason as he said" SO I asked him where was the 2 MCA companies pulling from then after the shutdown... He said they began pulling from his personal bank account... Does that seem right!!... or I guess is that right??? Guidance please....

[WestCoastFunding]

I am sort of newbee here so be nice.. lol I have a merchant who has 2 advances and in September his bus bank account got closed for 'no apparent reason as he said" SO I asked him where was the 2 MCA companies pulling from then after the shutdown... He said they began pulling from his personal bank account... Does that seem right!!... or I guess is that right??? Guidance please....

He's full of ****. Walk away from him.

[joannabeans]

Thanks West Coast/ Thought the same thing... Something not kosher there!!

[DaveDemarest]

At least he didn't say "I'm such a good client that they gave me some time off from my payments."

[AdvanceFund]

I am sort of newbee here so be nice.. lol I have a merchant who has 2 advances and in September his bus bank account got closed for 'no apparent reason as he said" SO I asked him where was the 2 MCA companies pulling from then after the shutdown... He said they began pulling from his personal bank account... Does that seem right!!... or I guess is that right??? Guidance please....

It's bad news either which way he spins it.

[Quickfunder]

Just had this happen except the merchant hadn't closed her account until AFTER we had already approved her for $70K and were ready to fund. When it came time to do the bank verification, her account had suddenly disappeared. She claimed there was fraud and of course her new account had nothing in it.

[FUNd]

I have long had a theory that I do business by: The longer and more complicated the merchants story is, the less chance the deal has to fund. It's a linear concept that has held true for 20 years and has saved me countless hours chasing bull**** deals.

[Nunya]

I have long had a theory that I do business by: The longer and more complicated the merchants story is, the less chance the deal has to fund. It's a linear concept that has held true for 20 years and has saved me countless hours chasing bull**** deals.

Truth.

[Davincinc]

Tell him to read his COJ and what personal bank account he gave them access to during the decision login.

He should talk to debt attorney and get back on a proper payment plan.

[NoBigDeal]

I have long had a theory that I do business by: The longer and more complicated the merchants story is, the less chance the deal has to fund. It's a linear concept that has held true for 20 years and has saved me countless hours chasing bull**** deals.

Preach!