Results 1 to 24 of 24
-
05-20-2019, 07:34 PM #1
- Join Date
- Aug 2017
- Posts
- 405
Offers when credit is locked
Who can make offers when merchants have their credit locked?
Last edited by Mynameisbob; 05-20-2019 at 07:35 PM. Reason: rephrased question
-
05-20-2019, 08:39 PM #2
Why on earth should someone give a merchant an offer who won't unlock their credit? Don't you see any red flags anywhere?
-
05-20-2019, 08:56 PM #3
- Join Date
- Aug 2017
- Posts
- 405
He doesn't want his credit hit a million times. Sent a deal to fundkite the other day, and I recieved 4 decline emails and then 1 approval from them. Merchant comes back to tell to me his credit was hit 5 times. There has to be a better way as a broker to shop files.
-
05-20-2019, 09:46 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
-
05-21-2019, 02:24 AM #5
- Join Date
- Dec 2018
- Posts
- 132
I can give you an offer pending credit and do a soft pull
If background check clears we can get him funded
Jayson@Mradvancellc.com
-
05-21-2019, 11:35 AM #6
- Join Date
- Aug 2017
- Posts
- 251
Elevate doesn't pull credit.
-
05-21-2019, 11:39 AM #7
We can give you an offer pending credit, we fund Sub 500 credit scores, so if the deal is getting killed it most likely wont be for credit
-
05-21-2019, 11:40 AM #8
- Join Date
- Feb 2017
- Posts
- 3,463
Credit locked = No hard pulls
Any funder who can do a soft pull can make an offer. I even just funded a deal with Kapitus yesterday and they didn't even put a hard pull on before funding. Rapid comes to mind, they need the hard pull before funding, though.
-
05-21-2019, 11:53 AM #9
- Join Date
- Mar 2016
- Posts
- 908
We just soft pulls but some still come up as Frozen/Locked with Experian.
If the merchant has Payment history with MCA companies currently debiting, its super easy to price it without credit. 1st positions normally need credit upfront to make sure there aren't any judgement or defaults.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
-
05-21-2019, 12:14 PM #10
- Join Date
- Dec 2018
- Posts
- 132
If your credit pull comes up as experian that’s a hard pull.....
-
05-21-2019, 03:09 PM #11
A few days ago we approved 100k with locked credit. However, credit had to be unlocked before drafting contracts.
-
05-21-2019, 05:50 PM #12
- Join Date
- May 2019
- Posts
- 8
bmf capital doesnt pull credit
kyle levine 917-600-3684
kyle@bmfcapitalllc.com
-
05-22-2019, 12:01 AM #13
- Join Date
- Aug 2018
- Posts
- 882
-
05-22-2019, 09:50 AM #14
- Join Date
- Dec 2017
- Posts
- 238
-
05-22-2019, 10:04 AM #15
- Join Date
- Jun 2015
- Posts
- 3,326
-
05-22-2019, 03:00 PM #16
- Join Date
- Apr 2019
- Posts
- 72
Chrome Capital does not require an app or credit pull until doc request.
-
05-22-2019, 03:12 PM #17
- Join Date
- Jun 2017
- Posts
- 2,049
-
05-23-2019, 02:54 PM #18
- Join Date
- May 2017
- Posts
- 43
if the credit was lock credit can't be pulled !!
steve
fundkite
-
05-23-2019, 02:56 PM #19
- Join Date
- Apr 2018
- Posts
- 178
-
05-23-2019, 07:23 PM #20
- Join Date
- May 2019
- Posts
- 29
-
05-23-2019, 09:01 PM #21
- Join Date
- Apr 2019
- Posts
- 72
Bank statements are enough. Actually you can even get an offer without bank statements lol: https://chromecapitalfunding.com/merchant-qualifier/
-
05-24-2019, 01:52 AM #22
- Join Date
- Dec 2018
- Posts
- 132
Guys if they don’t want a hard pull it’s not a problem
We are high risk lenders - soft pulls only
Jayson@mradvancellc.com
-
05-24-2019, 01:36 PM #23
- Join Date
- May 2017
- Posts
- 43
-
05-24-2019, 02:30 PM #24
- Join Date
- Aug 2017
- Posts
- 405
I literally received 4 decline emails on one file from you guys. A day later I received another email with a 20k approval over 60 days. Didn’t matter because I got the merchant 70k elseware
Similar Threads
-
I need offers
By fmorillo in forum Deal BinReplies: 17Last Post: 01-26-2022, 11:20 AM -
is anyone else locked out of this thread "Who is Blue Rock Capital"?
By pcfunder in forum Merchant Cash AdvanceReplies: 10Last Post: 02-15-2019, 04:48 PM -
Are all Yellowstone offers the same?
By Christian in forum Merchant Cash AdvanceReplies: 37Last Post: 10-08-2018, 03:31 PM -
soft credit pull offers
By Paperchaser in forum Merchant Cash AdvanceReplies: 22Last Post: 10-02-2014, 12:37 AM