[michaelh]

who will fund a customer who got in argument with lender - lawyer told him to stop payment - bank filed COJ and debt was paid off?

Mike

[Winning]

How would an argument with a lender and a lawyers advice be quantifiable?

I understand how not paying on the loan, the loan defaulting, the COJ, and then the loan being paid in full will effect any new deals the customer will receive.

[Winning]

How would an argument with a lender and a lawyers advice be quantifiable?

I understand how not paying on the loan, the loan defaulting, the COJ, and then the loan being paid in full will effect any new deals the customer will receive.

Apparently there is something called "Character Loans"..
https://www.investopedia.com/terms/c/character-loan.asp

But I don't know if MCA's take into consideration someone's character at all. Just the hard numbers..

[OF_Funder]

Some of the less reputable high risk funders will use any excuse to enforce if they do not plan to renew. Instantly take full balance due plus additional fees out of bank accounts. It is a lot more common than is advertised.

[ESE5020]

We fund previous defaults, whether the judgement is satisfied or not.

Of course, if it is satisfied we will make a much more aggressive offer, but it will still be conservative in general.

If the merchant is open to a realistic offer, and if they are cognizant that being a previous default will affect offer amount and pricing, then feel free to send it in for an offer: Submissions@EastShoreEquities.com

[Winning]

Some of the less reputable high risk funders will use any excuse to enforce if they do not plan to renew. Instantly take full balance due plus additional fees out of bank accounts. It is a lot more common than is advertised.

Seriously!! Over an argument alone??!! The funder could just decide to pull the funds back? Is there some sort of clause that can support that type of action in the contract?

[freeprocessing]

who will fund a customer who got in argument with lender - lawyer told him to stop payment - bank filed COJ and debt was paid off?

Mike

if debt is paid off Last Chance Funding will do it.