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12-03-2014, 09:28 AM #1
- Join Date
- Jan 2014
- Posts
- 283
Ouch!! I have worked with Payroll though, and have seen them really bail a couple of Merchants out(not to mention save them a ton of money on daily pulls). It is a sad state that a Lender would rather give a $20k 3rd position @ 1.449 with a 60-90 day term then invest in a long-term relationship and educate the Merchants about the pitfalls of stacking. I will admit, a large part of it is mitigating risk, but it is also taking the easiest way out.
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