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  1. #1
    Senior Member Reputation points: 124096 BR-Nightmare's Avatar
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    Quote Originally Posted by SendDocsPlox View Post
    When the funder has massive credit facilities and the ISO is providing them with 3-5MM in funded files per month, and when the ISO is working with a few funders at that scale
    that's when
    I am pretty sure these facilities have very strict covenants that will be quick to pull if you fund 3-5MM with an ISO that's in return giving you a 40% default rate
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  2. #2
    Senior Member Reputation points: 45315 SendDocsPlox's Avatar
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    Quote Originally Posted by Joseph_Alexander View Post
    I am pretty sure these facilities have very strict covenants that will be quick to pull if you fund 3-5MM with an ISO that's in return giving you a 40% default rate
    I dont want to derail the thread and I understand where you're coming from, I'm just saying if that default/restructure rate is more akin to 15-20% the profits far outweigh the losses for large funders in a lot of circumstances, especially with collections being so easy to apply today (as opposed to a few years ago +)

    Not advocating for it, but it is a thing

  3. #3
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    Quote Originally Posted by SendDocsPlox View Post
    I dont want to derail the thread and I understand where you're coming from, I'm just saying if that default/restructure rate is more akin to 15-20% the profits far outweigh the losses for large funders in a lot of circumstances, especially with collections being so easy to apply today (as opposed to a few years ago +)

    Not advocating for it, but it is a thing
    Yeah, I apologize for our side bar here.

    Sean, great work on the show. Keep up the good work. Hopefully you can find a suitable company to make a show like how you intended to the first time.
    I am sure that has the potential to have great reviews as does this one.
    The Brokers Nightmare
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