Results 1 to 11 of 11
Hybrid View
-
05-19-2021, 08:46 PM #1Senior Member
Reputation points: 24
- Join Date
- Jan 2019
- Posts
- 117
i can get him a typical cash advance but he wants to free up cash flow. Only bi weekly or monthly would work. The only credit card splits ive heard of are daily hold backs.
-
05-19-2021, 09:49 PM #2Senior Member
Reputation points: 28835
- Join Date
- Feb 2019
- Posts
- 209
repair his credit then. 570 is pretty much over 100 points below what is needed for a monthly from a credit POV.
Originally Posted by k lion
-
05-19-2021, 09:49 PM #3Senior Member
Reputation points: 84416
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
Originally Posted by k lion
You are correct - cc splits are a daily % pay-back - flexible daily payments based upon credit card sales volume.
NOT a fixed daily,weekly,monthly paymentLast edited by Yankeeman07; 05-20-2021 at 08:56 AM.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
Reply With QuoteSimilar Threads
-
Who Does Monthly MCA Payments?
By RS Capital in forum Merchant Cash AdvanceReplies: 13Last Post: 09-10-2018, 01:31 PM -
Black listed for renegotiating daily payments to monthly payments (paid in full)
By Michael Slabitcher in forum Deal BinReplies: 10Last Post: 08-24-2018, 01:05 PM -
$50,000 with monthly payments from merchant with $115,000 in monthly sales
By BuyTanningSalons in forum Deal BinReplies: 6Last Post: 02-10-2017, 09:24 PM -
what MCA or banks are doing monthly payments or bi monthly
By chris32111 in forum Business LoansReplies: 5Last Post: 08-14-2015, 06:30 PM -
Monthly Payments??
By CherylSuperior in forum Deal BinReplies: 9Last Post: 01-18-2015, 05:47 PM
