Why fund defaults?
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  1. #1
    Senior Member Reputation points: 15507
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    I did answer the question. We stay away from people who "screwed over" the other funder, and no, we do not pay off anyone. But every situation is different depending on the story (why they defaulted).

    Do you fund merchant who screwed over their - credit cards, bank loans, student loans, mortgages, tax payments (the US government), and all other bad credit factors???
    High risk paper

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    Quote Originally Posted by MidnightAdvance View Post
    I did answer the question. We stay away from people who "screwed over" the other funder, and no, we do not pay off anyone. But every situation is different depending on the story (why they defaulted).

    Do you fund merchant who screwed over their - credit cards, bank loans, student loans, mortgages, tax payments (the US government), and all other bad credit factors???
    This sounds like we don't fund them if they "Screwed Over" the previous advance company, but if just just stopped paying in a nice way well then we are fine with it, and don't care if they still owe ABC Funder money. So yeah thats just not right in my opinion, so no I wouldn't work with you.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

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