Results 1 to 25 of 41
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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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12-13-2019, 11:25 AM #4
- Join Date
- Apr 2015
- Posts
- 300
stop funding defaults and fund real paper
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12-13-2019, 11:25 AM #5
- 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, 11:49 AM #6
- Join Date
- Feb 2019
- Posts
- 124
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12-13-2019, 03:54 PM #7
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 #8
- Join Date
- Oct 2016
- Posts
- 4,318
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12-16-2019, 01:01 PM #9
- 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 #10
- Join Date
- May 2019
- Posts
- 85
we aggressively fund previous defaults, submit to deals@mainstreetcash.com. PM me
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12-17-2019, 12:01 PM #11
- Join Date
- Aug 2019
- Posts
- 94
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01-13-2020, 11:55 PM #12
- 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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01-16-2020, 01:59 AM #13
- Join Date
- Jan 2020
- Posts
- 8
Solomon from rely
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01-16-2020, 11:05 AM #14
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, 11:22 AM #15
- Join Date
- Jul 2017
- Posts
- 548
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01-16-2020, 11:43 AM #16
- Join Date
- Oct 2016
- Posts
- 4,318
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01-16-2020, 01:50 PM #17
- 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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01-18-2020, 10:29 PM #18
- 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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01-18-2020, 10:41 PM #19
- Join Date
- Aug 2019
- Posts
- 8
cc
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01-19-2020, 09:53 AM #20
- Join Date
- May 2019
- Posts
- 15
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01-19-2020, 10:04 AM #21
- Join Date
- May 2019
- Posts
- 15
The idea of funding defaults is to cut down on the term to a 20 or 30 day deal, which decreases the risk since the term is extremely short. Once the merchant establishes a payment history many will stack and come into the deal.
This is a concept that has been tested and done for the last two years on a large scale. There are 100s of default deals that have been funded and many of them enjoy a second chance to get back into the game.
But.. no funder wants to lose money. These default shops take bigger risks for bigger returns but in the end if the deals go bad they will cut you off and stop the bleeding.
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01-20-2020, 04:40 PM #22
- Join Date
- Jun 2019
- Posts
- 287
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01-21-2020, 12:28 AM #23
- 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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01-21-2020, 08:10 AM #24
- Join Date
- Oct 2017
- Posts
- 35
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01-21-2020, 09:17 PM #25
- Join Date
- Jan 2020
- Posts
- 6
I致e actually funded with Landmark over the last month.
Best part was no stips other than DL & VC and commission was paid right away.
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