[DonMcGrath]

Merchant attempts to use his 3 current cash advances
as collateral to get a traditional bank loan.


In a face to face sit down with the bank manager, the business owner stated:

"If 3, unrelated and completely different financial companies had faith in me that I can pay 38%, 45%, and 58% interest for 7 months, 5 months, and 2 months, you have no reason to doubt I can pay you 5.6% for 3 years…

…I'm a little insulted that you don't believe me, and that you're not willing to get on the phone with my sales reps to verify my credibility".


The owner probably dodged a few bullets with the bank refusing to make those calls, and by a few, I mean machine gun fire, rapid burst.



For the full news story, see clipping posted on bulletin board in www.Dumbleads.com break room.

[Olderguy]

I am sure we could all write a book about all the crazy stories we hear....Like I want to get $500,000 loan. Ok...what is your average monthly deposits. $2,000 a month.