[harvey]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

[Kevin Henry-Seacoast]

All to often nobody bothers to read or understand their loan agreements, advance agreements, or invoice purchase agreements and then they are shocked why someone charges them a fee for doing something that was against and agreement.
Some lenders have been ignoring the advance stacking for years. They know their client violated their agreement, but they don't want to upset the relationship so long as the client pays them back. Some are starting to drop the hammer on clients for violating loan agreements by throwing them into default on their agreement.

Best,

Kevin

[Michael I]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

that is nothing new . i find it funnier when stackers charge a stacking fee

[brokerCompany]

Swift did that a lot back in the day

[BROKER TIME]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

why is that disgusting?

the merchant is in violation of the contract

the A paper lender is 100 percent in doing this

because before you know it merchant will have 5 positions because of a scumbag broker and the A paper will be screwed

[SmartAdvanced]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

$295 ? not $2995?

[Yankeeman07]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

There is a NON-STACKING Clause in nearly every MCA Contract that I have read and a penalty that may be imposed,
generally $2500.00 to $5,000.00

[Michael I]

Swift did that a lot back in the day

yup it put a merchant of mine out of business . she got $7500 from them and took a 3k from someone else went back directly to them for renewal when the stack was fully paid off and they added 5k to her balance . merchant average was barely 10k

[Sachip24]

Swift did that a lot back in the day

yup...they charged 10% for stacking them. One merchant got ach'd 40k once I read when they found out he stacked them.

[WestCoastFunding]

The no stacking agreement isn’t even a clause. It’s it’s own agreement usually that’s usually titled “No Stacking Agreement”. The language is pretty clear and they go over it during the funding call. So the merchants know what they’re getting into.

Like Michael said above, it is funny when stackers have no stacking agreements.

[Davincinc]

why is that disgusting?

the merchant is in violation of the contract

the A paper lender is 100 percent in doing this

because before you know it merchant will have 5 positions because of a scumbag broker and the A paper will be screwed

d-f paper do it, most knowing that merchant will need to stack to pay off the 1-3rd positions which start eating the company.

[Davincinc]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

ive seen a 25k on many D lenders contracts

[Davincinc]

yup...they charged 10% for stacking them. One merchant got ach'd 40k once I read when they found out he stacked them.

ouch

[golf2014]

Mca have done more damage then good

[Nunya]

Mca have done more damage then good

bye felicia. don't let the door hit you on the way out.

[Nunya]

it is funny to me how these big & mighty A lenders preach how holy they are but they are starting to charge perfectly good paying merchants stacking fees.

and we arent talking $295

There are leverage considerations that ALL lenders / funders try to consider (if they're legit anyway). The agreement to advance or lend money to someone at a specified rate is in consideration of both parties following the terms of the agreement.

[ryan $]

There is a NON-STACKING Clause in nearly every MCA Contract that I have read and a penalty that may be imposed,
generally $2500.00 to $5,000.00

Usually the stacking fee isnt charged unless it affects the 1st position lender. Like as long as the merchant preforms they wont charge them, but if they miss payments and get in trouble then theyll charge the fee. Talk about kicking someone when they are down

[golf2014]

Legal extortion

[Nunya]

Legal extortion

Or breach of contract. Whatever floats your boat.

[fundingsmbs]

^ the # of breached mca contracts against that language is prob staggering if truth be told

[MCAdude]

I remember one funder who put a couple of merchants in default after they 'Stacked him'. in reality, the merchant simply renewed his 1st position and this funder was the stacker

[Davincinc]

I remember one funder who put a couple of merchants in default after they 'Stacked him'. in reality, the merchant simply renewed his 1st position and this funder was the stacker

isnt that called a broker?

[HDF]

I remember one funder who put a couple of merchants in default after they 'Stacked him'. in reality, the merchant simply renewed his 1st position and this funder was the stacker

Yes.

[HDF]

isnt that called a broker?

No.