Who's funding 2nd or 3rd positions on just CC split
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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    you don't ask for much, do you?

  2. #2
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    Quote Originally Posted by Chambo View Post
    you don't ask for much, do you?
    You think I want the 1.45 over 60 days or something w/ a C-D funder. I'm looking for a lender who will take on CC deal behind 2 ACH's that don't have UCC's. I'm not looking for Yellowstone here.

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Quickfunder View Post
    You think I want the 1.45 over 60 days or something w/ a C-D funder. I'm looking for a lender who will take on CC deal behind 2 ACH's that don't have UCC's. I'm not looking for Yellowstone here.
    There is a REASON you are having trouble getting what you have requested....just saying.

  4. #4
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    Quote Originally Posted by Chambo View Post
    There is a REASON you are having trouble getting what you have requested....just saying.
    Unless someone implicitly states horrible credit, bad bank statements, high balances, etc, etc., I assume whatever they're posting about to be pretty basic. Same goes for my posts: this is a straightforward deal with two standing balances, no UCC's filed, and no one on a split. If there were other issues then I would mention them.

  5. #5
    I think Chambo's point is that while a CC split may remove the risk of a bounced payment on any given day, you're still inching the merchant closer to insolvency by the time you're getting to third positions. It is therefore inherently risky and will probably be priced accordingly.

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