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  1. #26
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    Quote Originally Posted by Ben_p View Post
    if my deal gets stacked up and starts taking those dog shit 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.
    I’ve seen default files get 120 day offers. So at this point, if a merchant defaults he can still get decent offers Post Defaulting. Rinse repeat

  2. #27
    Which funders have you seen that have funded a business that defaulted in the past (knowing about it) 120 days?

  3. #28
    Missed a payment or two or completely defaulted?

  4. #29
    Quote Originally Posted by LULUADAM View Post
    Which funders have you seen that have funded a business that defaulted in the past (knowing about it) 120 days?
    i see EBF fund my open defaults the most. KNIGHT would be second place

  5. #30
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    AJ Equity sucks big booty burger.

  6. #31
    Senior Member Reputation points: 160679 ryan $'s Avatar
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    Flex Deals in certain Scenarios make sense. But not if it is just 4 Increments at 20 Day Terms. If that was the case Merchants would be better off just taking 1 deal at 20 Days and then renewing after 10 Payments.

    WG/MCA Rehab does Flex deals that are actually Flex Deals (First Funding Term at 20 Days, then 40, then 80, then 120 then a 240 Day Term) The Factor gets lower with each Tier too. And they get new round 80% Paid in.

    This Offer (Isn't from WG/MCA Rehab) but is how a Flex Deal should be (Merchant has 5 Positions, other offers on table are 60-80 Day 1.49's)

    Purchase Amount: $150,000.00
    Increment Amount $50,000.00
    # of increments 3
    Frequency (Days) 20
    Rate: 1.25
    Term: 126
    Payment (Daily) $1,488.10
    Commission 10.00
    Payback Amount: $187,500.00
    Week # Increments
    1 $50,000.00
    5 $50,000.00
    9 $50,000.00

    This offer isn't Funding 3 20 Day Deals. Based on the payment, he pays back 50k in 42 Days. Yet gets the next 50k in 20 Days. And the final 50k at 40 Days (Prior to the first 50k being Paid in Full)

    This is an ACTUAL Flex Deal. If it was my business I would much rather take this 1.25 Flex/Incremental deal, over a 80 Day 1.49

  7. #32
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    Quote Originally Posted by ryan $ View Post
    Flex Deals in certain Scenarios make sense. But not if it is just 4 Increments at 20 Day Terms. If that was the case Merchants would be better off just taking 1 deal at 20 Days and then renewing after 10 Payments.

    WG/MCA Rehab does Flex deals that are actually Flex Deals (First Funding Term at 20 Days, then 40, then 80, then 120 then a 240 Day Term) The Factor gets lower with each Tier too. And they get new round 80% Paid in.

    This Offer (Isn't from WG/MCA Rehab) but is how a Flex Deal should be (Merchant has 5 Positions, other offers on table are 60-80 Day 1.49's)

    Purchase Amount: $150,000.00
    Increment Amount $50,000.00
    # of increments 3
    Frequency (Days) 20
    Rate: 1.25
    Term: 126
    Payment (Daily) $1,488.10
    Commission 10.00
    Payback Amount: $187,500.00
    Week # Increments
    1 $50,000.00
    5 $50,000.00
    9 $50,000.00

    This offer isn't Funding 3 20 Day Deals. Based on the payment, he pays back 50k in 42 Days. Yet gets the next 50k in 20 Days. And the final 50k at 40 Days (Prior to the first 50k being Paid in Full)

    This is an ACTUAL Flex Deal. If it was my business I would much rather take this 1.25 Flex/Incremental deal, over a 80 Day 1.49
    I love how there are two types of Flex.. a fake Flex and an actual “legitimate” Flex..
    This is awesome

  8. #33
    Senior Member Reputation points: 160679 ryan $'s Avatar
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    Quote Originally Posted by SmartAdvanced View Post
    I love how there are two types of Flex.. a fake Flex and an actual “legitimate” Flex..
    This is awesome
    Flex deals are real, and have benefit. But structuring a 20 Day Advance and then Funding Every 20 Days is just dumb. I wouldn't call it FAKE Flex. Just a dumb deal.

  9. #34
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    AJ Equitys flex deal is a scam created by major scammers...what a surprise lol. their flex deals are designed to make an ISO's eyes glow up with dollar symbols because they are sending out offers that say "500k!!!" "750k!!!" and ISOs are somehow falling for this stupidity... but from my understanding what is the difference between offering someone a 500k flex deal but really only funding 100k the first round and someone else offering 100k no flex but renewing for another 100k when its 50% paid in? all of their "flex deals" are like 20 payments so its technically..... not a 500k offer its a short term 100k offer with options to renew if merchant is a good payer

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