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06-29-2018, 04:39 PM #1
Reputation points: 15507
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
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I was once told by a smart underwriter, every C and D paper file is a default (meaning they defaulted / lowered payments on someone in the past) you just don't see it..
The point is, a lot of our merchants come around, pay off, slow pay, pay off, and need more funds, all the time.
Once a merchant is paying us, others will also fund after us.Last edited by MidnightAdvance; 06-29-2018 at 04:45 PM.
High risk paper
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06-29-2018, 04:42 PM #2Karen37aGuest
I can see it...and judge people based on what happened on the credit
Medical Collections is not the same as closing down 10 credit cards and skipping off with the money...
I can tell they are one step away from debt relief and bankruptcy
So to each their own...everyone learns and does business the way they want to
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