[Chambo]

Tortious Interference vs Unemcumbered Receivable.......let the battle begin

[Finance1]

Tortious Interference vs Unemcumbered Receivable.......let the battle begin

LOL

I think the battle will remain on the sidelines until somebody loses a chunk of change big enough to motivate the first punch.

We've had a couple defaults when a stack was involved. Hard to definitively say that the stack caused the default or the business was failing anyway. Just the fact that a client took out a stack @ 1.40 w/ 80 payments says a lot in itself. We weren't going to renew the MCA anyway. It was paying slow and the biz banks looked awfully weak. Stacks may just speed up the inevitable.

For those that do pay off, we won't renew the account if the biz owner stacked us anyway. The business being in bad shape and taking out a stack kind of go hand in hand.

IOU central needs to be watched. I just saw them fund a decent sized $60k fixed daily 12 month ACH on top of an AMI $150k advance. They seem to think that loans on top of advances don't infringe on any contracts. They even have an underwriting rule that if an MCA is in place it needs to have 90 day seasoning before they will fund a loan.

[Chambo]

LOL

IOU central needs to be watched. I just saw them fund a decent sized $60k fixed daily 12 month ACH on top of an AMI $150k advance. They seem to think that loans on top of advances don't infringe on any contracts. They even have an underwriting rule that if an MCA is in place it needs to have 90 day seasoning before they will fund a loan.

IOU, New Logic, TBB, MAX, On Deck....they ALL stack on top