Results 1 to 7 of 7
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05-06-2019, 12:57 PM #1
- Join Date
- Sep 2014
- Posts
- 263
Coj - Default Customer - with all payoff and satisfaction of judgement
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
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05-06-2019, 01:02 PM #2
- Join Date
- Aug 2016
- Posts
- 486
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.
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05-06-2019, 01:07 PM #3
- Join Date
- Aug 2016
- Posts
- 486
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..
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05-06-2019, 01:14 PM #4
- Join Date
- Apr 2016
- Posts
- 49
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.
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05-06-2019, 01:16 PM #5
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
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05-06-2019, 01:24 PM #6
- Join Date
- Aug 2016
- Posts
- 486
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05-06-2019, 01:58 PM #7
- Join Date
- Jul 2017
- Posts
- 548
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