Funders Offering to Lower Payments Towards the End of the Term to Block Other Funders
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  1. #1
    Senior Member Reputation points: 25752
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    imo merchants in lower payment are better merchants - show that they actually know what is going on with the business.

  2. #2
    Quote Originally Posted by harvey View Post
    imo merchants in lower payment are better merchants - show that they actually know what is going on with the business.
    Didn't you praise debt settlement companies in another thread?

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by harvey View Post
    imo merchants in lower payment are better merchants - show that they actually know what is going on with the business.
    if a merchant has a corresponding drop in revenue, then lowering payments is mandatory, not a courtesy, as per the contracts & is NOT a default.

    We are afterall, purchasing receivables at 30-40% discounts & NOT loaning money for specified periods of time...that would be illegal

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