[VeganFunder]

Forgot to add a quote..

[VeganFunder]

Red flag??

Before I went vegan I was pricing like 100 deals a day max and needed buckets of adderall just to keep the lights on in the office. Now, my default rate is down to 20% and am finally in the black-- but hey, that's why we charge these rates right?

[Sachip24]

did this bill pass yet? anyone know

[Anthony@torro]

Watch it live here.

https://www.nysenate.gov/calendar/se...ession-6-20-19

[Sachip24]

Watch it live here.

https://www.nysenate.gov/calendar/se...ession-6-20-19

thank you

[SmartAdvanced]

It passed.

[KINGCASH]

https://debanked.com/2019/06/its-off...t-era-is-over/

[VeganFunder]

Well, it was fun while it lasted peeps.
If anyone is looking for me I'll be the guy at the bar being nostalgic about the days when we had protection against the 10% of the 10% that defaulted on us.

"Hey remember when a guy would stack you with a 20 day deal, file a judgment and then you'd file afterwards in response and get 0 dollars back? Yeah, those were the days"

Honestly I feel worse for the attorney's in this space than the Funders. They're the ones that will really need to reinvent themselves.

[WestCoastFunding]

Everyone’s renewal book just got better.

[mcaguru]

Calm Down Folks ...Most sophisticated funders (mantis included) will be just fine funding away... Maybe maybe there was a few smaller players that relied on a coj as a raft (cant see how) will seize funding...At Mantis is business as usual! (maybe a little busier actually for a Friday!!)

[J.Celifarco]

Calm Down Folks ...Most sophisticated funders (mantis included) will be just fine funding away... Maybe maybe there was a few smaller players that relied on a coj as a raft (cant see how) will seize funding...At Mantis is business as usual! (maybe a little busier actually for a Friday!!)

No funder that uses COJ's know how this is going to effect them, and anyone who says they do is lying. I say this because there is no way to tell what type of a deterrent a COJ was for people not to default. How many merchants may have defaulted if they didnt have the fear of a COJ? There is no may to measure this, so time will tell what the effect of this on the industry will be.

[Kevin Henry-Seacoast]

No funder that uses COJ's know how this is going to effect them, and anyone who says they do is lying. I say this because there is no way to tell what type of a deterrent a COJ was for people not to default. How many merchants may have defaulted if they didnt have the fear of a COJ? There is no may to measure this, so time will tell what the effect of this on the industry will be.

John,

Agreed. There are two sides to the COJ. The client did not default for fear of the COJ. The funder underwrote a subject deal because they made the client sign the COJ.