[MCAVeteran]

http://usurylawblog.com/2017/11/mca-...to-defendants/


Was this a fixed repay program?

[Asset Advance]

yes this was a cash advance the laws in Florida make it hard to collect if a merchant defaults had a guy go bad once in FL and he turned around and tried to sue the funding company for usery

[Andy]

The court ruled against the funder simply because the funder did not respond. So the plaintiff was granted a default judgment. It does not set any precedent. Its pretty crazy that the funder did not respond. Maybe they did not properly get served.

[MidnightAdvance]

Wouldn't this be null without being served properly?

[MCAVeteran]

The merchant was sued first and counter sued for usury

[Asset Advance]

Wouldn't this be null without being served properly?

yes could have the whole case dismissed if they were not properly served

[Nunya]

Did you read the article?

[Karen37a]

The merchant was sued first and counter sued for usury

They will all counter sue for usury if they get a lawyer ...or criminal usury.

That's why I flipped out on a Funder who likes to default on people as an added bonus $$, another way they make extra income.

I didnt need to have a merchant sue me along with them, so I just fixed it and brokered the full payoff

And they were going to get sued because the Merchants girlfriends brother is a lawyer

[Karen37a]

** Funders need to watch who handles their collections and if the person want to pay it back, let them.

no muss no fuss ...money is returned...thats the best way