Results 1 to 25 of 43
Threaded View
-
06-26-2018, 10:51 AM #11
- Join Date
- Feb 2017
- Posts
- 3,425
I never understood why most funders automatically destroy the files of a client who modified payments once for a week or two during the "down" season, but never missed a payment, and then brand it a "default" and then can't get funding. If they had taken a CC split, they would be fine. I have a client who changed from a split to ACH, and everyone things that they defaulted. Only one funder is looking at it now from the perspective of "this person only qualifies for a split," as opposed to just straight declining.
Granted, it's 8 NSFs last month, so on a CC split makes sense.
Not all "defaults" are created equal.
Similar Threads
-
NSFs and/or Defaults
By capitalkey in forum Merchant Cash AdvanceReplies: 13Last Post: 06-14-2017, 01:07 PM -
Recovering Defaults
By Collection Specialist in forum PromotionsReplies: 3Last Post: 03-07-2017, 04:40 AM -
Defaults
By Collection Specialist in forum PromotionsReplies: 0Last Post: 11-10-2016, 02:58 PM -
Two Defaults
By sufficientfunds in forum Deal BinReplies: 12Last Post: 08-29-2016, 05:03 PM -
Help me understand defaults please
By wally in forum Merchant Cash AdvanceReplies: 16Last Post: 07-27-2015, 09:36 PM