Quote Originally Posted by Bscs View Post
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
Another thing if the Merchant Marketplace people are on here. If a deal defaults within the clawback period, I think the syndicators should get their share in the clawback back..... Thats just my opinion, does anyone think otherwise?
I have a deal I syndicated in on 12/12. after missing a whole bunch of payments, the last payment that ever cleared was on 1/16. but there probably shouldve been a clawback. I have no clue forsure if it was clawed back, but if it was, I feel like I should get the commision back too...