[Michael I]

Not the way it works. To use your example, the contract only covers a MAX of $100k which can be funded under the contract. If at any point the contract is killed, because of stacking, negative days or the merchant saying they doesn't want it anymore, all the merchant owes is the payback of the amount they received, minus what they paid back. The problems kick in because all the existing pulls have to be paid out of the merchants own resources, plus the pull of the reverse which has to be paid off.

why dont you ask par? remember they signa coj on the full 140k

[pcfunder]

why dont you ask par? remember they signa coj on the full 140k

Didn't par steal a bunch of peoples deals by putting them into a reverse and then renewing them into regular MCA's after?

[newunderwriter007]

why dont you ask par? remember they signa coj on the full 140k

When you sign a COJ, you aren't liable for the full payback, you are liable for the payback MINUS whatever you paid in.

[Michael I]

When you sign a COJ, you aren't liable for the full payback, you are liable for the payback MINUS whatever you paid in.

agreed but if you only received 6k and paid in 5k on this case the coj will come after you for 135k