[Lendvo]

$3,600 paying back $6,000, 1.67, over 10 DAILY payments.

You are correct a 0.5 month 1.67, what....?

[FroFunds]

Wow.

[WestCoastFunding]

“Hold My Beer”

- MCG

[Advance Smart]

“Hold My Beer”

- MCG

Hahaha that made my end of the month. So true.

[ryan $]

“Hold My Beer”

- MCG

LMAOOOO - SO true

[WestCoastFunding]

$3,600 paying back $6,000, 1.67, over 10 DAILY payments.

You are correct a 0.5 month 1.67, what....?

Renews every Monday.

[Cashman1]

$3,600 paying back $6,000, 1.67, over 10 DAILY payments.

You are correct a 0.5 month 1.67, what....?

Great Broker!

[kingcash555]

Great Broker!

great broker AGREED

[HDF]

The effective APR equiv is only about 2803% - without any fees of course. Hope the guy is a Christmas tree retailer.

[Zonefund]

The effective APR equiv is only about 2803% - without any fees of course. Hope the guy is a Christmas tree retailer.

This month I personally funded a 20k 15 payment 1.49 with 13% in fees.

Hes already 60% paidin or so. Good investment. Renewing him wednesday.

[FCG]

This month I personally funded a 20k 15 payment 1.49 with 13% in fees.

Hes already 60% paidin or so. Good investment. Renewing him wednesday.

Fire

[Lendvo]

2,800% APR = "bad" not "good" seems like there is some confusion here...

[jjrouss]

I couldn't find Nanoflex anywhere on google. Someone has a link?

[skideeppow]

I couldn't find Nanoflex anywhere on google. Someone has a link?

Atlas funding platform

[ryan $]

Nanoflex is a BEAST

They do 1.49 Quick Terms and have 20% as Fee's on their Contracts - That the negotiate with the merchant on funding call if they get the full 20% or not

But they fund default deals no one else will touch

[GoodCustomerService]

Predatory at the highest level. Shameful.

[ryan $]

Predatory at the highest level. Shameful.

Not true.

Te merchants they fund would be declined by literally everyone else.

They found a NICHE. They literally fund the unfundable for real. Previous Defaults, Open Judgements, etc.

[GoodCustomerService]

And how does that not make it predatory?

[abfunders]

And how does that not make it predatory?

Define "predatory"? It's pretty relative.

[Lmonus]

I just killed a deal because "High five" funded 5k $599 daily.... WTF.

[Kevin Henry-Seacoast]

The client get $3,600 and has to pay back $6,000...YIKES!

[abfunders]

We discussed this here a few years back.... the stories were just too hard to forget.
https://dailyfunder.com/showthread.php/10013-Worst-Deal

[GoodCustomerService]

Predatory lending/funding is any practice that imposes unfair or abusive loan/advance terms on a borrower/merchant. It is also any practice that convinces a borrower/merchant to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan/advance that a borrower/merchant doesn't need, doesn't want or can't afford.

[Lmonus]

edit - Rant too long

[ryan $]

Predatory lending/funding is any practice that imposes unfair or abusive loan/advance terms on a borrower/merchant. It is also any practice that convinces a borrower/merchant to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan/advance that a borrower/merchant doesn't need, doesn't want or can't afford.

If He doesnt want doesnt need are cant afford - DONT TAKE IT!!!!!!!!!!

Nanoflex is lending to the undesireables, the ones completely overlooked by everyone else. Tagged In dataMerch, Judgements.
Merchants who cannot be funded ANYWHERE ELSE.

Merchants with a HIGHER Default rate.... that Justifies the Short term High Cost.

If Nanoflex was charging 1.22's to these merchants they would die. And should be pelted with rocks.

Is Nanoflex an OnDeck? No. Is it easy to sit on your high horse and call them predatory? SURE - GO WRITE FOR BLOOMBERG - Dick

Unless your just a shady shady shady outfit - which the few deals ive done with Nanoflex have went well....and done okay....