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12-13-2019, 10:41 AM #1
- Join Date
- Dec 2017
- Location
- San Diego, CA
- Posts
- 45
Any default lender recommendations?
Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.
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12-13-2019, 10:44 AM #2
- Join Date
- Nov 2019
- Posts
- 64
yes email me me michaeladvance2100@gmail.com
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12-13-2019, 10:51 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
I am not sure there is a real funder that funds defaults -- Defaults mean the merchant took capital and defaulted by intervening in the process of collecting a portion of the recevibles he sold there are few defaults that make sense -- there are remote cases when a single operator of a business collapses on vacation and 2 weeks later he calls the funder with monitors beeping in the background and gets back on track those cases many funders would fund. (unless the collapse was due to a new strain of heroin) otherwise its hard to believe that someone is actually funding merchants that defaulted when they chose not to honor the sale of receivables contract.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-17-2019, 12:01 PM #4
- Join Date
- Aug 2019
- Posts
- 94
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01-13-2020, 11:55 PM #5
- Join Date
- Sep 2019
- Posts
- 5
Landmark will go out 50 days for defaults as long as the banks are there.
steve@landmarkfundgroup.com
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01-20-2020, 04:40 PM #6
- Join Date
- Jun 2019
- Posts
- 287
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01-21-2020, 12:28 AM #7
- Join Date
- Aug 2019
- Posts
- 8
lol I don't understand why everyone is so against everyone else on here. I didn't know this would bring up controversy especially when by next week it's going to happen all over again with someone else new.
this thread was made for options for default lenders. if you don't want to use them you don't have to
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01-16-2020, 11:22 AM #8
- Join Date
- Jul 2017
- Posts
- 548
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12-13-2019, 11:25 AM #9
- Join Date
- Apr 2015
- Posts
- 300
stop funding defaults and fund real paper
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12-13-2019, 11:49 AM #10
- Join Date
- Feb 2019
- Posts
- 124
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01-18-2020, 10:41 PM #11
- Join Date
- Aug 2019
- Posts
- 8
cc
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12-13-2019, 11:25 AM #12
- Join Date
- Dec 2018
- Posts
- 28
Last chance, New chance, Aj equity. Try one of them out, Good Luck!
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12-13-2019, 03:54 PM #13
WGF is doing a merchant recovery program for really high risk ****. I know the guy, which is the only reason I know this, but he will fund defaults (maybe exclusively). Same 1.499, 20 day program the other yahoos do though.
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12-13-2019, 04:06 PM #14
- Join Date
- Oct 2016
- Posts
- 4,318
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12-16-2019, 01:01 PM #15
- Join Date
- Nov 2019
- Posts
- 45
We fund defaults all day long!!! reach out to us
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12-17-2019, 09:22 AM #16
- Join Date
- May 2019
- Posts
- 85
we aggressively fund previous defaults, submit to deals@mainstreetcash.com. PM me
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01-16-2020, 01:59 AM #17
- Join Date
- Jan 2020
- Posts
- 8
Solomon from rely
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01-16-2020, 11:43 AM #18
- Join Date
- Oct 2016
- Posts
- 4,318
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01-19-2020, 09:53 AM #19
- Join Date
- May 2019
- Posts
- 15
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01-16-2020, 11:05 AM #20
Last Chance, New Chance, and Aj Equity can take a crack it. But advise not to even waste time on defaults like someone mentioned before.
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01-16-2020, 01:50 PM #21
- Join Date
- Sep 2019
- Posts
- 402
Josh Kinder at Madison - josh@madisoncapitalfund.org
He really does fund defaults. I don't get it.
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02-27-2023, 11:46 PM #22
Out of curiosity (3 years later, yes), but would you still vouch for them?
We have a merchant who's been paying like a champ
Phenomenal credit score, great rev, no defaults- why fund there you may ask?- Auto
The merchant insisted on moving with a "higher risk" option, although they knew they were most likely capable of better- so we proceeded
Not a missed payment, however, we literally chased the funder to continue on with the option they put out per the agreement. We literally pleaded with the merchant to hold off on stop payment request while simultaneously asking the funder to proceed with remainder of agreed upon so the merchant (although not one issue occurred on the merchants side), there was a major lack/delay in proceeding with their initial agreement (already funded, but remaining agreed upon was to be disbursed after initial was completed)
They refuse to pay commission, have sent MTD multiple times showing clean payment history with merchant and Madison- of course they receive notifications on their end regardless.
We have a reputation to keep, I have a reputation to keep, and is just straight thievery
A few things to point out here-
We have reached out for weeks inquiring before submitting this post
We were contemplating a new post, but figured we'd give benefit of doubt and hear from those that may have backed them in past
"Kevin", who we're well aware is the "rep" for Madison and many others (we choose not to name other DBAs or entity's[whichever of the two it may be]), we've decided to post solely with the entity/DBA we are having current issue with.
We have a mountain of email correspondence, SMS, etc. backing the above we're pointing out if need be
Bottom line- we got screwed after delivering a very promising merchant, promises from funder/"rep" to pay commissions, and much more to the story we're opting not to disclose. Again, if need be, we have the entire chain of events, but just wanting to shed light on this particular situation
End of day, we don't harp on circumstances like this. We don't have much time to chase, but for the blatantness, and our rep that busted their ass, felt it was necessary to release
Happy funding, All
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02-28-2023, 10:10 AM #23
- Join Date
- Mar 2021
- Posts
- 186
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02-28-2023, 10:37 AM #24
- Join Date
- Feb 2023
- Posts
- 25
these kids are a dime a dozen
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01-18-2020, 10:29 PM #25
- Join Date
- Aug 2019
- Posts
- 8
default lenders are all going to be the same but I funded 2 deals last week with landmark and honestly it was surprising how fast they got it done.. the kid Steve gave me 50 days which I was shocked …. you could give him a shot. - steve@landmarkfundgroup.com
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