Results 1 to 6 of 6
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01-14-2018, 12:22 PM #1
- Join Date
- Jun 2017
- Posts
- 39
Lockbox CC Offer for a NFS/Overdraft heavy acct
My client's deposits are around $39k/mn, but he is averaging around $1700 a month in over draft and NSF fees. 2 positions open. and a 590 FICO.
The only shot of getting him money is a lockbox. I appreciate anyone recommending a direct lender in this space who would look at this file. Thanks.
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01-14-2018, 12:52 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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01-15-2018, 08:29 AM #3
- Join Date
- Jun 2017
- Posts
- 2,049
1700 a month in Overdraft and NSF, assuming he is bouncing payments to current lenders.....
This is a dead end.
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01-15-2018, 02:57 PM #4
- Join Date
- Mar 2016
- Posts
- 186
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01-15-2018, 03:31 PM #5
- Join Date
- Jan 2018
- Posts
- 8
Hey! My name is Wayne with GuardiangLendingGroup we focus on MCA and credit card split. Because there is a processor involved I can get c, d, e paper funded.
see below what we typically look for:
MCA
• Funding 10-500k
• 1st and 2nd positions
• ACH, CC split and lockbox (we split with the top 10 processors
• Daily, weekly remits
• Renewals / refi's start at 50% paid off
• Solid underwriting / offers - 1-4 hours
• Same day funding on most small / medium files
• Soft credit pulls
email me! wayne@guardianlendinggroup.com
Wayne Lawson • Marketing Director
Guardian Lending Group | 204 25th street suite 204 | Brooklyn, NY 11232
D: 917-921-4741 | F: 347-662-3059 | wayne@guardianlendinggroup.com
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01-15-2018, 03:48 PM #6
- Join Date
- Jun 2017
- Posts
- 2,049
2 Positions
590 Fico
1700 a Month in NSF Fees and Overdraft....
I wouldnt waste my time looking at it. Thats just me.
What are the balances? If they are low then yea it could prob get done - Gotta switch processing though... No Lockbox
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