Quote Originally Posted by Winning View Post


GoodCustomerService, I am not judging you, maybe the facts warranted the numbers.

Can you share the backstory on this deal? Industry, Credit Rating, previous defaults, and any other info gathered to help you establish your risk assessment that supported the numbers on this deal?

Also I would love to know the mindset of the merchant that would accept such a deal. Was this their 1st mca? How long had they been in business... etc..
the mindset is, I have bad credit, or I have a criminal background, or my business is not able to be funded by a bank, or simply my business can not wait 3 months to get approved for funding at a bank; so its either I get no funding at all and let all my hard work and investment into my business go to hell or I take expensive capital. This is America, everyone should have a choice to do what they deem is necessary.