Results 1 to 6 of 6
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10-20-2023, 02:18 PM #1
- Join Date
- May 2023
- Location
- NYC
- Posts
- 7
A default who got removed from DataMerch and courts
I have a merch who was listed as a default on DataMerch and on NY courts. He got it removed from DataMerch, not just noted, but removed entirely, his TAX ID no longer comes up.. He claimed it was a mistake and must be right because it's gone.
On NY Courts the case appears, but last entry is a Stipulation of Discontinuance. (Agreed to by lender).
He has the payoff letters and it appears it was paid off according to contract terms.
Question: Will anyone fund him if they previously said he was a default? Does any of the above actually matter? Or is it still only high risk (which he won't take 30 days)?
Thanks
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10-20-2023, 02:33 PM #2
- Join Date
- Jul 2022
- Posts
- 26
Plenty lenders out there that would take a bite at this. We need more information on the borrower though. What's the industry and the revenue for starters?
Christopher Plummer
Owner/Senior Business Consultant
Line of Credit Specialist
Visionbridge Advisors
Visionbridgeadvisors.com
https://www.linkedin.com/in/christop...mer-63845b230/
Office: 7865102522
Miami, Fl
Our Line of Credit will buyout your MCA positions at 18%
Equipment Financing
We also have an Accounts Receivables Line of credit
Feel Free to Call or shoot me a text
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10-20-2023, 02:41 PM #3
- Join Date
- Dec 2022
- Posts
- 65
What industry?
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10-20-2023, 02:51 PM #4
- Join Date
- Apr 2021
- Posts
- 92
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10-20-2023, 03:29 PM #5
^^Agreed. obviously if placed incorrectly you will get more 30-day deals here than normal offers. If its accurate that the merchant paid in full & didnt settle for less there are plenty who should give a normal approval.
East shore would be my go-to with something like this. Lifetime as well! (if its a big file lol)
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11-01-2023, 08:33 PM #6
CEO
James G. Exarchou
James@click-n-loans.com
561-525-5497
https://click-n-loans.com/
https://www.linkedin.com/in/jamesgexarchou
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