Are non-bank loans addictive?
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  1. 07-17-2014, 10:36 AM #1
    Sean Cash
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    Are non-bank loans addictive?

    CNN Money article today: http://money.cnn.com/2014/07/17/smal...html?iid=HP_LN

    "Merchant advance is the financial equivalent of crack," said Weiss.
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  2. 07-17-2014, 10:46 AM #2
    1StopFunding
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    I've said that many times. The way some merchants will call month after month looking for more money is like a crackhead needing another hit.
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com
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  3. 07-17-2014, 11:06 AM #3
    Ocean Financing
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    Literally had a merchant tell me " renew me I'm addicted ...." Its a slippery slope to bankruptcy...
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  4. 07-17-2014, 02:06 PM #4
    Chambo
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    Quote Originally Posted by sean bash View Post
    CNN Money article today: http://money.cnn.com/2014/07/17/smal...html?iid=HP_LN

    "Merchant advance is the financial equivalent of crack," said Weiss.
    Short, quick, powerful high....that goes quickly and leaves you begging for more.

    Yup, sounds about right
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