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08-06-2020, 10:49 AM #1
- Join Date
- Oct 2016
- Posts
- 4,318
Man, so that means Par isn’t able to make reverse consolidation deposits to the merchants to cover the merchants’ MCA debt?
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08-06-2020, 11:05 AM #2
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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08-06-2020, 11:45 AM #3
- Join Date
- Jan 2014
- Posts
- 1,374
Correct, no weekly deposits on their reverses currently or debits and no one is in the office to pick up the phone so merchants have no clue wtf is going on. I have feeling this is going to cause a huge mess for anyone currently with Par in their reverses or mca's or have Par in statements and looking for money elsewhere since no one knows how it will play out underwriting a file with Par in statements currently is very gray area