[KanjorskiPartners]

In the end, the letters we get prior to closing before we payoff all the MCAs are "payoff" letters and then we get zero balance letters. There is no language anywhere in the letters stating "settlement" or "default" nor are any 1099-Cs issued which would indicated that it was settled. The contract is simply amended by the payoff letter. Its very simple.

[FHFunding]

In the end, the letters we get prior to closing before we payoff all the MCAs are "payoff" letters and then we get zero balance letters. There is no language anywhere in the letters stating "settlement" or "default" nor are any 1099-Cs issued which would indicated that it was settled. The contract is simply amended by the payoff letter. Its very simple.

You can't possibly guarantee that an MCA company will word THEIR zero balance letters the way YOU tell them to.