Results 1 to 20 of 20
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04-22-2021, 03:48 PM #1
- Join Date
- Jun 2018
- Posts
- 49
Who Funds Defaults?
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?
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04-22-2021, 03:54 PM #2
- Join Date
- Apr 2021
- Posts
- 92
are they satisfied?
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04-22-2021, 05:22 PM #3
- Join Date
- Feb 2019
- Posts
- 96
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04-22-2021, 05:30 PM #4
- Join Date
- Jun 2018
- Posts
- 49
Maybe,... what would the offer be?
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04-22-2021, 06:00 PM #5
- Join Date
- Apr 2015
- Posts
- 300
the moderator should ban your account for asking such a stupid question and putting funders money at risk
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04-22-2021, 06:38 PM #6
- Join Date
- Jun 2018
- Posts
- 49
You are a tool man. I am being very honest and transparent. I heard that there are funders who like these files. If you cant help move on instead of being negative. I never included any names for confidentiality. If this cant be done, funders will simply reply that its not possible. It was an honest question. You must be bored. Find some deals to work on.
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04-22-2021, 07:07 PM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
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
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04-22-2021, 08:47 PM #8
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
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04-22-2021, 09:17 PM #9
- 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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04-23-2021, 10:02 AM #10
- Join Date
- Aug 2020
- Location
- New York, NY
- Posts
- 123
These deals are doable, but usually funders that do fund them would start off with a small dollar amount short term starter deal, regardless of what the merchants rev is, they wanna see if there's long term potential, and if he wants to right his wrongs before they throw money at a previous default. (10-25k 30-45 days)
being a satisfied default vs an open default would also make a big difference, and what the settlement was will make a diff as well.
ClearFund does those deals as they come, but it's not what we're looking for.
Thanks.Underwriting Desk | ClearFund Solutions | New York, NY.
P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
_____________________________
ClearFund is a Direct Funder
ISO inquires: partners@clearfund.co
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04-23-2021, 01:57 PM #11
- Join Date
- Mar 2017
- Posts
- 37
We would provide factoring in a default situation. Let me know if I can help.
Kevin Sampson
Capital Solutions Bancorp
http://capitalsolutionsbancorp.com
ksampson@capitalsolutionsbancorp.com
706-745-8435 Office
561-436-5883 Cell
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04-23-2021, 02:28 PM #12
- Join Date
- Apr 2015
- Posts
- 300
i am a tool & have no deals to work on coming from the guy who has so many deals that he has to fund defaults LOL thats a great business model you got going
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04-23-2021, 02:47 PM #13
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
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04-23-2021, 02:50 PM #14
- Join Date
- Jun 2018
- Posts
- 49
Exactly Akanner... That is why i am always honest and transparent. They either want the deal or not.. Thank you
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04-23-2021, 02:53 PM #15
- Join Date
- Jun 2018
- Posts
- 49
@Harvey I never fund defaults! i don't waste my time on crappy files, but since it came through I might as well check to see if someone wanted it.. Anyways, best of luck to you
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04-26-2021, 05:50 PM #16
- Join Date
- Apr 2019
- Posts
- 41
Yellow won't fund a deal like that. If you want me to get this done for you I can but it won't be a great deal. Call me if you want more info.
Jean Rousseau
305 721 9374
ww.progressivecapital.us
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04-27-2021, 10:38 AM #17
- Join Date
- Nov 2020
- Posts
- 66
Spartan Capital works with defaults!
Reach out when you have one and I'll give you options.
We like to do starter deals to get those merchant's back on track.
Matt Spinelli
ISO Manager
Spartan Capital
201-907-4042
matt@spartancapitalgroup.com
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04-27-2021, 11:33 AM #18
- Join Date
- Apr 2018
- Location
- Aspen, Co
- Posts
- 30
One mans trash is another mans treasure!
We fund defaults all day pending on the status of the default.
Reach out for an ISO agreement
JK@funduracap.com
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04-27-2021, 11:36 AM #19
- Join Date
- Jun 2018
- Posts
- 49
Thank you! @Mycmoneyman.. Gave you some rep points for that. Some people dont understand the value of being honest and transparent
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04-27-2021, 01:50 PM #20
- Join Date
- Apr 2021
- Location
- NYC
- Posts
- 7
Yes we at park east capital are funding all default deals B through D paper going out longer terms up to 110 days, fast response time and no credit pulls!
Paying out high commissions!
contact me:
646-764-3282
abe@parkeastcapital.com
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