Results 1 to 6 of 6
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04-08-2019, 09:10 PM #1Member
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 17
How to prevent a clawback
Funded a 40k deal with lendini. 13 points.
Merchant missed 2 payments 3 weeks in. Getting in contact with merchant has been a challenge today however I know this merchant will continue making payments.
What does it take for a full clawback on commission? I already emailed lendini that I am taking care of it. Anyone have experiences they can share?
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04-08-2019, 09:53 PM #2Senior Member
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
If the merchant missed two payments, and now you’re having problems making contact, it’s not a good sign.
You need to get them making payments, as well as repaying the missed payments.
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04-08-2019, 10:18 PM #3Member
Reputation points: 3991
- Join Date
- May 2018
- Posts
- 79
rook
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04-09-2019, 11:27 AM #4Senior Member
Reputation points: 19288
- Join Date
- Feb 2016
- Posts
- 242
Welcome to MCA's
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04-09-2019, 11:35 AM #5Senior Member
Reputation points: 77488
- Join Date
- Jan 2018
- Posts
- 515
How do you know merchant will continue to make payments if you can't even get in contact with them?
Originally Posted by WallStreetFunder1
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04-09-2019, 11:35 AM #6Member
Reputation points: 2100
- Join Date
- Jan 2019
- Posts
- 51
if you have an AR list, my suggestions is to call them inquiring about the whereabouts of your client. make it subtle though... i'll bet you you'll receive a call from your merchant soon after. Originally Posted by WallStreetFunder1
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