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08-28-2014, 11:15 AM #1Veteran
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how can that be profitable with cost of underwriting, bad debt and all the other overhead factored in????
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08-28-2014, 11:25 AM #2Member
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I just saw OnDeck give a 1.15 for 9 mos. Merchant averaged about 70K over last 3 months but very up and down, and received 65K
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08-28-2014, 01:02 PM #3Veteran
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Johnny, who said anything about profitability? Every company mentioned so far is losing money
Originally Posted by J.Celifarco
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08-28-2014, 02:41 PM #4Veteran
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which begs the question why are they offering these rates
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08-28-2014, 03:02 PM #5Member
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Our loss rates are much lower than 10%
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