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  1. #1
    Senior Member Reputation points: 86605
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,995

    Quote Originally Posted by SuperCloser View Post
    I have 2 files. One does 100K in deposits, the other 300K in deposits. First, one credit is 570 and 2nd is 670.
    Both defaulted last year. The first also has some negatives in the last 3 months. Got a decline from yellow. Any luck?

    You got a decline from Yellow - so that should provide you some insight.

    You don't mention the amount of funding they are seeking?
    Are those monthly deposits?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    254

    Quote Originally Posted by Yankeeman07 View Post
    You got a decline from Yellow - so that should provide you some insight.

    You don't mention the amount of funding they are seeking?
    Are those monthly deposits?
    If YS knows its a default, they wont fund it. Its possible they dont always catch it.

    I had a deal that defaulted (paying collections) on us get resubmitted, and see that an "A" paper funder give the merchant money.....some funders dont care, some dont check.

  3. #3
    Banned Reputation points: 2321
    Join Date
    Dec 2018
    Posts
    19

    We fund defaults, with or without satisfied judgements.



    Cy Eskenazi**| C.E.O
    305-467-2123
    cy@wgfinancinginc.com
    WGFinancinginc.com

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