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06-25-2019, 03:16 PM #1
- Join Date
- Apr 2017
- Posts
- 127
Who can pay off a reverse of 145k
Client has 2 loans that are currently in a reverse with PAR.
Client owes 145k and does 175k a month.
2 MCAs are currently coming out of the account but PAR sends the client enough to cover the payments the beginning of each week.
Looking for someone to consolidate the reverse into a 1st position.
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06-25-2019, 03:19 PM #2
nobody is going to be able to payoff a reverse because the amount owed doesn't equal the amount the merchant has received up to this date. The signed for the full amount of funding which is deposited weekly, no company is going to jump in the middle of that and try to pay them off for the portion the merchant has received and risk the reverse company going after the full amount signed for.
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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