Privatepmtsvcng
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  1. #1

    Privatepmtsvcng

    PRIVATEPMTSVCNG. I have been seeing these guys in statements often, usually pulling monthly or bi-weekly. Is this a funder? Who are they?

  2. #2
    Quote Originally Posted by uw.machine View Post
    PRIVATEPMTSVCNG. I have been seeing these guys in statements often, usually pulling monthly or bi-weekly. Is this a funder? Who are they?
    Was anything ever found out about this? Just found them in a deal for $3,000 a month. No clue what it is, "neither does she"

  3. #3
    Member Reputation points: 1008
    Join Date
    May 2024
    Location
    Long Island
    Posts
    36

    Long time ago that used to be how IOU used to charge their payments. I'm not sure if they are still doing it like that.

    Richard Kim
    COO
    Essential Funding Group
    rkim@myessentialfunding.com
    917-983-3145


    www.myessentialfunding.com/partners

  4. #4
    I believe this is Funding Circle

  5. #5
    Quote Originally Posted by uw.machine View Post
    PRIVATEPMTSVCNG. I have been seeing these guys in statements often, usually pulling monthly or bi-weekly. Is this a funder? Who are they?
    Iou

  6. #6
    Member Reputation points: 1416
    Join Date
    Nov 2014
    Location
    NYC
    Posts
    26

    Its Funding Circle.
    Casey Ignizio - Lead Underwriter
    Vox Funding

  7. #7
    Our merchant's was for a tractor payment so equipment financing in this case

  8. #8
    IOU started using them in 2017 and other loan companies like funding circle use them as a payment servicer. Some funders with inexperienced underwriters think its collections so beware of erroneous declines

  9. #9
    Senior Member Reputation points: 4262 Magicmike18's Avatar
    Join Date
    Aug 2020
    Location
    7125 Peri Lane Brooklyn Ny 11234
    Posts
    117

    its funding circle everyone

  10. #10
    Senior Member Reputation points: 64027
    Join Date
    Dec 2015
    Posts
    634

    It's IOU everyone.































    .
    Actually its probably Funding Circle. I just saw people going back and forth and I wanted to jump in, and didn't know which side to take.



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