Lender for Default CC Proccessing deal?
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  1. #1

    Lender for Default CC Proccessing deal?

    Anyone Fund CC Split MCA's with merchants who defaulted?

    20k/mo in cc proccessing. 100k+ rev. Lots of defaults. Looking to get good payment history so he can utilize mca's again. (10k 30 day deals welcome)

  2. #2
    Senior Member Reputation points: 94390
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    Quote Originally Posted by FundingHunter View Post
    Anyone Fund CC Split MCA's with merchants who defaulted?

    20k/mo in cc proccessing. 100k+ rev. Lots of defaults. Looking to get good payment history so he can utilize mca's again. (10k 30 day deals welcome)
    IMO - save your time and move on to another client.
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
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    Quote Originally Posted by FundingHunter View Post
    Anyone Fund CC Split MCA's with merchants who defaulted?

    20k/mo in cc proccessing. 100k+ rev. Lots of defaults. Looking to get good payment history so he can utilize mca's again. (10k 30 day deals welcome)
    If he hasn't settled the previous defaults whoever funds him could be wiped out. Even after a 10k 10 day deal he wouldn't get anything past 20 days. Tell him to pay who he owes.

  4. #4
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    We exclusively fund credit card processing based MCA's via direct split or lockbox. We can consider merchants with prior defaults if they have proof of fully satisfying the original contracted amount of the prior defaults.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  5. #5
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    Quote Originally Posted by FundingHunter View Post
    Lots of defaults.
    lmao

  6. #6
    Also, looking for shorter-term deals like the $10k in 30 days could help build that payment history.

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