Results 1 to 25 of 25
Hybrid View
-
06-25-2024, 04:17 PM #1
Reputation points: 521
- Join Date
- Feb 2023
- Posts
- 37
On another note, has anyone put in money on MM? Is there a high default rate?
I put into a couple deals, and over half defaulted and the other was missing payments for weeks at a time. It was a small sample size so I know that I couldve got unlucky.
I feel like they need to be more transparent on the soft collections side, and give updates into whats going on in the deal. Not just show that a payment bounced.
Showing transparency shows me that they are actually bouncing and not just MM telling me its bouncing so they can take the money and use it and eventually pay it back in my account in 3 weeks. basically acting like a no intrest loan.
Im not accusing... Just thoughts in my head
Similar Threads
-
Greenwich Capital funding MCAs and LOCs up to 1 million, terms up to 13.5 months
By mkhat in forum Merchant Cash AdvanceReplies: 0Last Post: 09-06-2022, 12:12 PM -
Wrap 5 MCAs plus existing SBA loan. Merchant needs $500k
By Gable Holdings in forum Merchant Cash AdvanceReplies: 6Last Post: 08-27-2017, 05:15 PM -
Crowd Advance
By H W Group in forum Merchant Cash AdvanceReplies: 1Last Post: 03-23-2016, 11:38 AM -
Beware of Crowd Advance
By fundgorilla in forum Merchant Cash AdvanceReplies: 4Last Post: 03-23-2016, 11:29 AM -
Forget kickstarter and the like, this is some crowd funding I can swallow
By funding pro in forum Merchant Cash AdvanceReplies: 5Last Post: 06-04-2014, 05:09 PM