[BrokerLearning]

I am looking for help in explaining how a reverse consolidation works, And how to pitch it to a merchant. Can anyone give some suggestions?

[abfunders]

Not telling you not to ask, but you should definitely ask ChatGPT and Bard. Add that to the answers of people here, but ChatGPT actually helped me craft an email for this exact scenario.

[WarrenG@QFS]

Sign up with QFS and I'll explain it perfectly!

[JussBusiness]

Not telling you not to ask, but you should definitely ask ChatGPT and Bard. Add that to the answers of people here, but ChatGPT actually helped me craft an email for this exact scenario.

What prompt did you use if you don't mind me asking? Just curious

[Michael I]

I am looking for help in explaining how a reverse consolidation works, And how to pitch it to a merchant. Can anyone give some suggestions?

You can go into the whole pitch how a reverse is saving you money etc , but most of the guys that need reverse are addicted to money so it easier just to say you are getting lets say 100k broken up to xx amount a week

[abfunders]

The response was actually horrible, but it helped me write the following email:

A reverse consolidation works in the following way:
1) We get your balances from all of your funders
2) We see what you weekly payment is (via your bank statements)
3) The reverse consolidation sends money weekly to cover your existing weekly payments
4) The consolidator draws a daily payment that is sometimes as much as a 45% savings on your existing weekly payment
5) The consolidator is able to add money on top, and continue to add money on top as the balance is paid down, as long as the account is in good standing
6) Your total payback is adding debt onto debt, but your cash-flow will be much more manageable
7) You can stop the reverse at any time you'd like. If your bank comes in and finances you, and pays off all of the debt, then you do not have to take any more weekly payments
8) You will know up-front the payment structure, how much they are sending, as that will change based on when the payments are due