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07-15-2019, 03:45 PM #1
Reputation points: 11185
- Join Date
- Jun 2013
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- 293
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.
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07-15-2019, 03:51 PM #2
Reputation points: 71352
- Join Date
- Mar 2016
- Posts
- 908
edit - Rant too long
Last edited by Lmonus; 07-15-2019 at 04:01 PM.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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07-17-2019, 10:57 AM #3
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
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....Last edited by ryan $; 07-17-2019 at 11:01 AM.
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