[J.Celifarco]

Guys. Seriously: COJs are good for 1% of the money.
The other 85% pays
And 14% gets collected without a COJ

not at the high risk funding shops. I think your numbers are way off. I also think it is a security blanket that many funders have gotten used to and when it goes away it will have a big effect

[BB_Cooper]

not at the high risk funding shops. I think your numbers are way off. I also think it is a security blanket that many funders have gotten used to and when it goes away it will have a big effect

What type of high risk offers are going to disappear, if a COJ isn't an option?

Seems like there is still a lot of high risk offers out there where the risk model isn't built around the COJ.

[J.Celifarco]

What type of high risk offers are going to disappear, if a COJ isn't an option?

Seems like there is still a lot of high risk offers out there where the risk model isn't built around the COJ.

there are a couple of funders who do high risk deals without a COJ but not many. I personally dont think you will see anymore of the crazy 6th 7th 8th position deals. If collections is going to be based on UCC's like it used to be before COJ's came into play companies will not be able to do these type of deals, the risk will be too high

[NoBigDeal]

there are a couple of funders who do high risk deals without a COJ but not many. I personally dont think you will see anymore of the crazy 6th 7th 8th position deals. If collections is going to be based on UCC's like it used to be before COJ's came into play companies will not be able to do these type of deals, the risk will be too high

and FORGET about those who are proud to fund DEFAULTS!!!!! that'll go away too

[J.Celifarco]

and FORGET about those who are proud to fund DEFAULTS!!!!! that'll go away too

100% true on this

[SmartAdvanced]

not at the high risk funding shops. I think your numbers are way off. I also think it is a security blanket that many funders have gotten used to and when it goes away it will have a big effect

1% of money is collected through COJs

85% through regular payments
14% through other methods

[Michael I]

1% of money is collected through COJs

85% through regular payments
14% through other methods

the question is on the 85% how many continued paying because they signed a coj?I recently saw a merchant that had 5 positions and only defaulted on the 2 that did not have a coj.

[cmarks]

the question is on the 85% how many continued paying because they signed a coj?I recently saw a merchant that had 5 positions and only defaulted on the 2 that did not have a coj.

So youre saying that if merchants were defaulting on the ones without COJs, then all those funders not using COJ have it backwards? 1 file isnt a sample size. Funders need to stay below about 12% default rate, with or without.