[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

[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!

[Advance Smart]

“Hold My Beer”

- MCG

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

[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...

[kingcash555]

Great Broker!

great broker AGREED

[jjrouss]

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

[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

[ryan $]

“Hold My Beer”

- MCG

LMAOOOO - SO true

[GoodCustomerService]

Predatory at the highest level. Shameful.

[Lmonus]

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

[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.

[Hedley Lamarr]

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

[Lmonus]

I disagree with this whole model of funding defaults and i disagree with the model of brokers presenting them to their funding partners. Its wrong all the way around. Go find real business owners, and get them the capital they need to continue running successfully with real, honest and do right by the merchant funding shops.

[SmartAdvanced]

I disagree with this whole model of funding defaults and i disagree with the model of brokers presenting them to their funding partners. Its wrong all the way around. Go find real business owners, and get them the capital they need to continue running successfully with real, honest and do right by the merchant funding shops.

What about a 50 day deal (CFG does that a lot) is that an honest deal that helps the borrower?