Merchant on Reverse Consolidation for 3 balances - - wants $75K
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  1. 04-08-2019, 03:28 PM #1
    Quickfunder
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    Merchant on Reverse Consolidation for 3 balances - - wants $75K

    Merchant is paying down 3 balances through a reverse consolidation company.

    She is seeking $75K separately.

    Will anyone fund this given she is on a payment plan for the other balances?
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  2. 04-08-2019, 04:10 PM #2
    AllDayMoney
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    Quote Originally Posted by Quickfunder View Post
    Merchant is paying down 3 balances through a reverse consolidation company.

    She is seeking $75K separately.

    Will anyone fund this given she is on a payment plan for the other balances?
    I don't think anyone will fund over a reverse
    Adam Ward
    911 Ave U
    Brooklyn NY 11235
    adam@Funding-Zone
    347-269-1598
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  3. 04-08-2019, 04:42 PM #3
    Nunya
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    Quote Originally Posted by AllDayMoney View Post
    I don't think anyone will fund over a reverse
    Yeah, right.

    Right Marcus?
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  4. 04-08-2019, 05:16 PM #4
    Cashman1
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    Quote Originally Posted by Quickfunder View Post
    Merchant is paying down 3 balances through a reverse consolidation company.

    She is seeking $75K separately.

    Will anyone fund this given she is on a payment plan for the other balances?
    Peak Solutions or Marcus are good with these.
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  5. 04-08-2019, 08:08 PM #5
    AllDayMoney
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    Quote Originally Posted by Nunya View Post
    Yeah, right.

    Right Marcus?
    Adam Ward
    911 Ave U
    Brooklyn NY 11235
    adam@Funding-Zone
    347-269-1598
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  6. 04-09-2019, 07:10 AM #6
    golf2014
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    Why would.you even ask this.op.
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  7. 04-09-2019, 05:54 PM #7
    Quickfunder
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    Quote Originally Posted by golf2014 View Post
    Why would.you even ask this.op.
    Merchant had a legitimate emergency w/ the business. A broker then sold her the 2nd and 3rd positions and misrepresented everything from renewal eligibility to consolidating the first balance later which they never did. Complications don't change the health of the file but context does help.
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  8. 04-09-2019, 06:00 PM #8
    Chambo
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    Quote Originally Posted by Quickfunder View Post
    Merchant had a legitimate emergency w/ the business. A broker then sold her the 2nd and 3rd positions and misrepresented everything from renewal eligibility to consolidating the first balance later which they never did. Complications don't change the health of the file but context does help.
    Emergency? All the more reason for a funder to step up and risk capital
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  9. 04-09-2019, 09:18 PM #9
    Lmonus
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    Quote Originally Posted by Quickfunder View Post
    Merchant is paying down 3 balances through a reverse consolidation company.

    She is seeking $75K separately.

    Will anyone fund this given she is on a payment plan for the other balances?
    Most wont fund behind a reverse. If anyone does, the company doing the reverse will stop issuing deposits and the deal will be a ticking time bomb. Within a matter of days its a COJ race of who files first and it gets hairy real quick, so most people stay away from them all together.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com
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