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12-08-2021, 02:11 PM #1Member
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Default Not Satisfied Trucker
I have a trucker who default is not satisfied. Owes about 500k+
Does 300-400k monthly. Can anyone lend 50-100k on this?
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12-08-2021, 02:49 PM #2Member
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- Aug 2021
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Why is it not satisfied if he does 3-400K monthly?
Originally Posted by DFC
Settlement agreement?
Payment plan?
Reduced payments?
If not, why would anyone fund it?
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12-08-2021, 02:58 PM #3Member
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They are reaching a settlement agreement, but have not yet.
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12-08-2021, 03:06 PM #4Member
Reputation points: 2027
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- Aug 2021
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Doesn't make it any better. Originally Posted by DFC
Have the merchant execute a settlement first so the sucker you find that will fund this should know upfront what kind of deal they're getting themselves into as far as RTR and term
I'm sure you'll have plenty of candidates posting their pitch to you why they're better than the next sucker.
Curious to know if anyone would fund it.
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12-09-2021, 11:24 AM #5Senior Member
Reputation points: 23085
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- Nov 2013
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If he's not factoring or has crappy terms you can beat go there....otherwise you'll just get him 25k 1.499 + fees for 30 days. Originally Posted by DFC
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12-09-2021, 11:42 AM #6Senior Member
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Does he own any real estate?
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12-09-2021, 11:57 AM #7Senior Member
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- Feb 2016
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12-09-2021, 05:01 PM #8Banned
Reputation points: 1977
- Join Date
- May 2021
- Posts
- 34
500k in open defaults "close to reaching a settlement"?
Ouucchhh.......
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