Does Ondeck care or take legal action for being stacked?
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  1. 11-19-2019, 01:34 PM #1
    Funder123456789
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    Post Does Ondeck care or take legal action for being stacked?

    Not from a broker prospective of selling a 2nd position, but if you are a lender and decide to take a 2nd position behind ondeck will they care?

    I have heard they may take legal actions against lenders that stack even though they stack other lenders. Is this true?
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  2. 11-19-2019, 01:51 PM #2
    ryan $
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    Reliant puts merchants on DataMerch for Stacking a 2nd

    smh
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  3. 11-19-2019, 02:38 PM #3
    RickyR3712
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    Quote Originally Posted by Funder123456789 View Post
    Not from a broker prospective of selling a 2nd position, but if you are a lender and decide to take a 2nd position behind ondeck will they care?

    I have heard they may take legal actions against lenders that stack even though they stack other lenders. Is this true?
    Rapid is number you do not want to stack
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  4. 11-19-2019, 03:48 PM #4
    BB_Cooper
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    Quote Originally Posted by RickyR3712 View Post
    Rapid is number you do not want to stack
    Even after Rapid settled the MD suit with Pearl, they are continuing to sue???
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  5. 11-19-2019, 03:19 PM #5
    DTFdowntofund
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    BFS sues too
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  6. 11-19-2019, 03:38 PM #6
    FUND3R1
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    Quote Originally Posted by Funder123456789 View Post
    Not from a broker prospective of selling a 2nd position, but if you are a lender and decide to take a 2nd position behind ondeck will they care?

    I have heard they may take legal actions against lenders that stack even though they stack other lenders. Is this true?
    Not for nothing, but if a merchant has 750+ FICO or better there is a possibility that ODC will stack on another lender... of course if revenue supports it.
    FUND3R1

    "Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"
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